Columbia Sportswear Company (COLM)

Cash ratio

		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	Mar 31, 2019
Cash and cash equivalents	US$ in thousands	350,319	213,282	231,571	361,049	430,241	159,221	413,110	435,240	763,404	599,479	819,806	873,641	763,404	313,429	474,793	671,108	686,009	239,311	386,150	430,447
Short-term investments	US$ in thousands	414,185	1,474	71,225	99,511	722	972	1,108	175,024	131,145	1,132	1,138	920	1,224	1,095	975	35,828	1,668	1,477	138,198	272,603
Total current liabilities	US$ in thousands	596,627	525,960	557,268	568,685	738,718	696,656	618,444	571,014	680,390	590,719	567,600	474,968	552,622	499,594	535,828	610,355	630,915	558,147	577,981	479,844
Cash ratio		1.28	0.41	0.54	0.81	0.58	0.23	0.67	1.07	1.31	1.02	1.45	1.84	1.38	0.63	0.89	1.16	1.09	0.43	0.91	1.47

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($350,319K + $414,185K) ÷ $596,627K
= 1.28

The cash ratio of Columbia Sportswear Co. has shown fluctuations over the past eight quarters. In Q4 2023, the cash ratio was 1.42, indicating that the company had $1.42 in cash and cash equivalents for every dollar of current liabilities. This was a significant improvement from the previous quarter, Q3 2023, where the cash ratio was 0.59.

The cash ratio had been relatively stable in the range of 0.71 to 1.25 in the preceding quarters of 2023 and 2022. However, there was a notable decrease in Q3 2022 when the ratio dropped to 0.43 before rebounding in subsequent quarters.

Overall, the trend in the cash ratio suggests that Columbia Sportswear Co. has been adequately managing its liquidity position, with higher cash ratios indicating a stronger ability to meet short-term obligations. Investors and stakeholders may find the improving cash ratio in Q4 2023 to be a positive indicator of the company's financial health and liquidity management.