Boot Barn Holdings Inc (BOOT)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 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 | 69,563 | 45,446 | 13,219 | 22,739 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 20,232 | 10,380 | 9,321 | 11,803 | 13,145 | 14,811 | 11,059 | 9,240 | 11,867 | 7,891 | 13,202 | 10,000 | 12,771 | 13,876 | 13,281 | 10,703 | 17,259 | 11,239 | 7,388 | 6,552 |
| 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 |
| Quick ratio | 0.31 | 0.34 | 0.15 | 0.09 | 0.08 | 0.15 | 0.06 | 0.06 | 0.10 | 0.32 | 0.19 | 0.24 | 0.39 | 0.38 | 0.21 | 0.32 | 0.28 | 0.20 | 0.07 | 0.11 |
March 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($75,847K
+ $—K
+ $20,232K)
÷ $312,808K
= 0.31
The quick ratio of Boot Barn Holdings Inc has fluctuated over the past 20 quarters, ranging from 0.06 to 0.39. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities.
Looking at the trend, the quick ratio has shown significant variability, with some quarters reflecting a stronger liquidity position (e.g., 0.39 in Mar 31, 2021) compared to others showing weaker liquidity (e.g., 0.06 in Sep 30, 2022). This variability suggests that the company's ability to cover immediate obligations with its liquid assets has fluctuated over time.
Overall, the trend in Boot Barn Holdings Inc's quick ratio indicates that the company's liquidity position has been inconsistent, with periods of relatively stronger and weaker ability to meet short-term obligations. It is important for investors and stakeholders to closely monitor changes in the quick ratio to assess the company's liquidity risk and financial health.
Peer comparison
Mar 31, 2024