Columbia Sportswear Company (COLM)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 531,869 | 350,319 | 430,241 | 763,404 | 790,725 |
| Short-term investments | US$ in thousands | 283,608 | 414,185 | 722 | 131,145 | 1,224 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 766,545 | 596,627 | 738,718 | 680,390 | 552,622 |
| Quick ratio | 1.06 | 1.28 | 0.58 | 1.31 | 1.43 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($531,869K
+ $283,608K
+ $—K)
÷ $766,545K
= 1.06
The quick ratio of Columbia Sportswear Company over the past five years has shown some fluctuations. In December 2020, the quick ratio was relatively strong at 1.43, indicating that the company had $1.43 in liquid assets to cover each dollar of current liabilities. However, by December 2022, the quick ratio had significantly decreased to 0.58, suggesting potential liquidity challenges as the company had only $0.58 in liquid assets for every dollar of current liabilities.
There was a slight improvement in the quick ratio by December 2023, reaching 1.28, indicating a better liquidity position compared to the previous year. However, by December 2024, the quick ratio declined again to 1.06, showing a slightly weaker liquidity position compared to the previous year.
Overall, the quick ratio of Columbia Sportswear Company has been variable over the past five years, with fluctuations impacting its ability to cover short-term obligations with liquid assets. It is important for stakeholders to closely monitor these changes to assess the company's liquidity risk and financial health.
Peer comparison
Dec 31, 2024