Boot Barn Holdings Inc (BOOT)
Quick ratio
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 69,770 | 75,847 | 18,193 | 20,674 | 73,148 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 10,263 | 20,232 | 13,145 | 9,662 | 12,771 |
| Total current liabilities | US$ in thousands | 353,349 | 312,808 | 374,842 | 336,468 | 221,656 |
| Quick ratio | 0.23 | 0.31 | 0.08 | 0.09 | 0.39 |
March 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($69,770K
+ $—K
+ $10,263K)
÷ $353,349K
= 0.23
The quick ratio of Boot Barn Holdings Inc has shown a declining trend over the past five years, indicating a potential liquidity concern. The ratio stood at 0.39 as of March 31, 2021, declining to 0.09 by March 31, 2022, and further decreasing to 0.08 by March 31, 2023. This sharp decline suggests that the company may have difficulty meeting its short-term obligations using its most liquid assets. However, there was a slight improvement in the quick ratio to 0.31 as of March 31, 2024, signaling a better ability to cover immediate liabilities. By March 31, 2025, the quick ratio decreased to 0.23, still indicating room for improvement in liquidity management. Overall, close monitoring of liquidity levels and efficient management of current assets may be necessary for Boot Barn Holdings Inc to enhance its financial health and meet short-term obligations effectively.
Peer comparison
Mar 31, 2025