Boot Barn Holdings Inc (BOOT)

Liquidity ratios

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
Current ratio 2.45 2.20 2.25 2.33 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
Quick ratio 0.23 0.40 0.13 0.28 0.31 0.34 0.15 0.09 0.08 0.15 0.06 0.06 0.09 0.32 0.19 0.24 0.39 0.38 0.21 0.32
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

Boot Barn Holdings Inc's liquidity ratios have shown a positive trend over the past few years. The current ratio, which measures the company's ability to cover its short-term liabilities with its current assets, has consistently improved from 1.25 in June 30, 2020, to 2.45 in March 31, 2025. This indicates that the company has strengthened its liquidity position significantly.

Similarly, the quick ratio, which is a more stringent measure of liquidity as it excludes inventory from current assets, has also shown improvement over the same period, albeit with some fluctuations. The quick ratio increased from 0.32 in June 30, 2020, to 0.23 in March 31, 2025, suggesting that the company has been managing its short-term obligations effectively.

The cash ratio, which focuses only on the most liquid assets like cash and cash equivalents to cover current liabilities, has followed a similar upward trend. The cash ratio has increased from 0.28 in June 30, 2020, to 0.20 in March 31, 2025, indicating that Boot Barn Holdings Inc has been building up its cash reserves over time.

Overall, the liquidity ratios of Boot Barn Holdings Inc demonstrate a positive trend, reflecting the company's improved ability to meet its short-term financial obligations and maintain a strong liquidity position.

Additional liquidity measure

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 conversion cycle days 189.26 178.87 185.61 168.74 166.10 149.03 152.83 160.20 161.59 161.44 177.69 149.03 139.43 86.93 106.64 103.11 109.56 98.84 124.53 124.19

Boot Barn Holdings Inc's cash conversion cycle has shown fluctuations over the periods analyzed. The company's cash conversion cycle, which represents the time it takes for the company to convert its investments in inventory and other resources into cash flows from sales, has ranged from as low as 86.93 days to as high as 189.26 days.

In general, a longer cash conversion cycle indicates that the company takes more time to turn its investments into cash, which may potentially lead to liquidity issues. On the other hand, a shorter cycle suggests improved efficiency in managing working capital.

Boot Barn's cash conversion cycle has peaked at 189.26 days as of March 31, 2025, which may raise concerns about the company's ability to efficiently manage its working capital and convert its investments into cash. It's important for stakeholders to closely monitor trends in the cash conversion cycle to assess the company's operational efficiency and liquidity position.