Boot Barn Holdings Inc (BOOT)
Current ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 729,649 | 669,173 | 541,831 | 374,456 | 384,651 |
| Total current liabilities | US$ in thousands | 312,808 | 374,842 | 336,468 | 221,656 | 312,625 |
| Current ratio | 2.33 | 1.79 | 1.61 | 1.69 | 1.23 |
March 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $729,649K ÷ $312,808K
= 2.33
The current ratio of Boot Barn Holdings Inc has shown an increasing trend over the past five years, indicating improved short-term liquidity and the company's ability to meet its current obligations using current assets. As of March 31, 2024, the current ratio stands at 2.33, reflecting a significant improvement compared to the prior year. The current ratio exceeding 1 suggests that the company has more than enough current assets to cover its current liabilities, providing a buffer for potential liquidity challenges. This increase in the current ratio over time may indicate efficient asset management and stronger financial health for Boot Barn Holdings Inc.
Peer comparison
Mar 31, 2024