Boot Barn Holdings Inc (BOOT)
Current ratio
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 863,960 | 729,649 | 669,173 | 541,831 | 374,456 |
| Total current liabilities | US$ in thousands | 353,349 | 312,808 | 374,842 | 336,468 | 221,656 |
| Current ratio | 2.45 | 2.33 | 1.79 | 1.61 | 1.69 |
March 31, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $863,960K ÷ $353,349K
= 2.45
Boot Barn Holdings Inc's current ratio has shown a fluctuating trend over the past five years. Starting at 1.69 on March 31, 2021, the ratio decreased slightly to 1.61 by March 31, 2022, indicating a potential decrease in short-term liquidity. However, the company's current ratio rebounded and improved to 1.79 by March 31, 2023. This suggests a better ability to cover current liabilities with current assets.
The current ratio saw a more significant improvement in the following years, reaching 2.33 by March 31, 2024, and further increasing to 2.45 by March 31, 2025. These higher ratios indicate a strengthened liquidity position, reflecting the company's ability to efficiently meet its short-term obligations using its current assets.
Overall, despite some fluctuations, Boot Barn Holdings Inc's current ratio has demonstrated a positive trend, showcasing an increasing ability to cover short-term liabilities with current assets over the past five years.
Peer comparison
Mar 31, 2025