Boot Barn Holdings Inc (BOOT)
Cash ratio
| 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 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 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 | 69,563 | 45,446 | 13,219 | 22,739 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 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 | 312,625 | 280,166 | 297,124 | 259,154 |
| Cash ratio | 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 | 0.22 | 0.16 | 0.04 | 0.09 |
March 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($75,847K
+ $—K)
÷ $312,808K
= 0.24
The cash ratio of Boot Barn Holdings Inc has varied over the past 20 quarters, ranging from 0.04 to 0.33. The cash ratio measures a company's ability to cover its short-term liabilities with its available cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations without relying on external sources of financing.
From the data provided, we can observe fluctuations in the cash ratio over the quarters, suggesting changes in Boot Barn's liquidity position. The company's cash ratio hit its highest point at 0.33 in the first quarter of 2021 and repeated the same level in the fourth quarter of 2020. This indicates a strong liquidity position during these periods.
On the other hand, the lowest cash ratio of 0.04 was recorded in several quarters, like the third quarter of 2022, indicating a comparatively weaker ability to cover short-term obligations with cash during those periods.
Overall, the cash ratio trend for Boot Barn Holdings Inc appears to be somewhat volatile, with fluctuations in liquidity levels over different reporting periods. Investors and analysts may monitor this ratio closely to assess the company's ability to manage its short-term financial obligations effectively.
Peer comparison
Mar 31, 2024