Boot Barn Holdings Inc (BOOT)
Quick ratio
| 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 | US$ in thousands | 69,770 | 152,914 | 37,377 | 83,387 | 75,847 | 107,166 | 38,665 | 17,099 | 18,193 | 50,392 | 19,686 | 16,014 | 20,674 | 114,714 | 39,545 | 49,640 | 73,148 | 76,342 | 35,672 | 83,123 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 10,263 | 10,239 | 7,886 | 7,916 | 20,232 | 10,380 | 9,321 | 11,803 | 13,145 | 14,811 | 11,059 | 9,240 | 9,662 | 7,891 | 13,202 | 10,000 | 12,771 | 13,876 | 13,281 | 10,703 |
| Total current liabilities | US$ in thousands | 353,349 | 409,050 | 358,406 | 323,116 | 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 |
| 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 |
March 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($69,770K
+ $—K
+ $10,263K)
÷ $353,349K
= 0.23
Boot Barn Holdings Inc's quick ratio has fluctuated over the past few years, indicating varying levels of liquidity. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
As of March 31, 2025, Boot Barn's quick ratio stood at 0.23, which means that for every $1 of current liabilities, the company had $0.23 of quick assets available to cover those obligations. This indicates a moderate level of liquidity but suggests that the company may face challenges in meeting its short-term financial commitments.
Analyzing the trend, we observe that the quick ratio has shown some fluctuations quarter by quarter. It reached its lowest point of 0.06 in June 30, 2022, and September 30, 2022, indicating potential difficulties in meeting short-term obligations during that period. However, the quick ratio improved to 0.40 by December 31, 2024, showing stronger liquidity.
Overall, it is important for Boot Barn Holdings Inc to maintain a healthy quick ratio to ensure it can cover its short-term liabilities efficiently and manage its operational cash flow effectively. Further monitoring of the company's liquidity position will be essential for stakeholders and management to make informed financial decisions.
Peer comparison
Mar 31, 2025