Boot Barn Holdings Inc (BOOT)
Cash ratio
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 69,770 | 152,914 | 37,377 | 83,387 | 75,847 | 107,166 | 38,665 | 17,099 | 18,193 | 50,392 | 19,686 | 16,014 | 20,674 | 114,714 | 39,545 | 49,640 | 73,148 | 76,342 | 35,672 | 83,123 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 353,349 | 409,050 | 358,406 | 323,116 | 312,808 | 343,602 | 328,831 | 313,085 | 374,842 | 445,021 | 481,355 | 390,856 | 336,468 | 388,371 | 280,481 | 248,828 | 221,656 | 234,722 | 237,887 | 294,863 |
| Cash ratio | 0.20 | 0.37 | 0.10 | 0.26 | 0.24 | 0.31 | 0.12 | 0.05 | 0.05 | 0.11 | 0.04 | 0.04 | 0.06 | 0.30 | 0.14 | 0.20 | 0.33 | 0.33 | 0.15 | 0.28 |
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 fluctuated over the period from June 30, 2020, to March 31, 2025. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents.
Initially, the cash ratio was 0.28 on June 30, 2020, indicating that the company had $0.28 in cash and cash equivalents for every $1 of current liabilities. The ratio decreased to 0.15 on September 30, 2020, implying a reduction in the company's liquidity position.
There was a significant improvement in the cash ratio to 0.33 by December 31, 2020, and this level was maintained until March 31, 2021. A cash ratio of 0.33 suggests that the company had enough cash to cover a third of its current liabilities.
Subsequently, there was a decline in the cash ratio to 0.20 by June 30, 2021, and a further decrease to 0.14 by September 30, 2021, indicating potential liquidity challenges during these periods.
The cash ratio increased to 0.30 on December 31, 2021, but dropped to 0.06 by March 31, 2022, and even further to 0.04 by June 30, 2022, signaling a significant decrease in the company's liquidity position.
The company maintained a low cash ratio of 0.04 from June 30, 2022, to September 30, 2022, highlighting continued liquidity concerns. However, there was a slight improvement to 0.11 by December 31, 2022, and further to 0.31 by December 31, 2023.
The cash ratio decreased to 0.24 by March 31, 2024, then increased to 0.26 by June 30, 2024, and further to 0.37 by December 31, 2024, suggesting an improvement in the company's liquidity position.
As of the most recent data on March 31, 2025, the cash ratio stood at 0.20, indicating the company had $0.20 in cash and cash equivalents for every $1 of current liabilities. The fluctuation in the cash ratio reflects changes in the company's ability to meet short-term obligations with its available cash reserves.
Peer comparison
Mar 31, 2025