Boot Barn Holdings Inc (BOOT)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 729,649 | 735,129 | 672,603 | 632,024 | 669,173 | 708,878 | 714,744 | 617,415 | 541,831 | 562,505 | 441,093 | 376,457 | 374,456 | 351,234 | 324,321 | 368,847 | 384,651 | 345,886 | 338,591 | 296,075 |
| 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 |
| Current ratio | 2.33 | 2.14 | 2.05 | 2.02 | 1.79 | 1.59 | 1.48 | 1.58 | 1.61 | 1.45 | 1.57 | 1.51 | 1.69 | 1.50 | 1.36 | 1.25 | 1.23 | 1.23 | 1.14 | 1.14 |
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 a generally positive trend over the past few quarters, indicating the company's improving ability to meet its short-term obligations. The current ratio has consistently remained above 1, signaling that the company has more than enough current assets to cover its current liabilities.
In the most recent quarter, as of March 31, 2024, the current ratio was 2.33, which indicates that the company had $2.33 in current assets for every $1 in current liabilities. This suggests a healthy liquidity position and a strong ability to pay off short-term debts.
Furthermore, the current ratio has gradually increased from 1.14 in the third quarter of 2019 to 2.33 in the first quarter of 2024, reflecting the company's efforts to manage its short-term resources more effectively. This upward trend demonstrates improved financial stability and a reduced risk of liquidity issues for Boot Barn Holdings Inc.
Overall, based on the current ratio trend analysis, Boot Barn Holdings Inc appears to be in a solid financial position with ample liquidity to support its operations and meet its short-term obligations.
Peer comparison
Mar 31, 2024