Boot Barn Holdings Inc (BOOT)
Cash ratio
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 69,770 | 75,847 | 18,193 | 20,674 | 73,148 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 353,349 | 312,808 | 374,842 | 336,468 | 221,656 |
| Cash ratio | 0.20 | 0.24 | 0.05 | 0.06 | 0.33 |
March 31, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($69,770K
+ $—K)
÷ $353,349K
= 0.20
The cash ratio of Boot Barn Holdings Inc has shown fluctuations over the past five years. As of March 31, 2021, the company had a cash ratio of 0.33, indicating that it had $0.33 in cash and cash equivalents for every $1 of current liabilities. However, by March 31, 2022, the cash ratio had decreased significantly to 0.06, signaling a lower level of liquidity to cover short-term obligations.
Subsequently, the cash ratio continued to decline to 0.05 by March 31, 2023, reflecting a further strain on the company's ability to meet its immediate financial commitments using its available cash reserves. However, there was a notable improvement by March 31, 2024, with the cash ratio increasing to 0.24, suggesting a better liquidity position compared to the previous year.
As of the most recent data on March 31, 2025, the cash ratio stood at 0.20, indicating that Boot Barn Holdings Inc had $0.20 in cash and cash equivalents for every $1 of current liabilities. Overall, the trend in the cash ratio highlights fluctuations in the company's liquidity position over the years, underscoring the importance of monitoring changes in cash reserves relative to short-term obligations for assessing financial health and solvency.
Peer comparison
Mar 31, 2025