Columbia Sportswear Company (COLM)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 350,319 | 430,241 | 763,404 | 763,404 | 686,009 |
| Short-term investments | US$ in thousands | 414,185 | 722 | 131,145 | 1,224 | 1,668 |
| Receivables | US$ in thousands | 423,079 | 547,561 | 487,803 | 452,945 | 488,233 |
| Total current liabilities | US$ in thousands | 596,627 | 738,718 | 680,390 | 552,622 | 630,915 |
| Quick ratio | 1.99 | 1.32 | 2.03 | 2.20 | 1.86 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($350,319K
+ $414,185K
+ $423,079K)
÷ $596,627K
= 1.99
The quick ratio of Columbia Sportswear Co. has fluctuated over the past five years, indicating changes in the company's ability to meet its short-term obligations using its most liquid assets. In 2023, the quick ratio stands at 2.13, showing an improvement compared to the previous year. This implies that the company has $2.13 of quick assets available to cover each $1 of current liabilities, indicating a healthy liquidity position. However, the quick ratio was higher in 2020 and 2021, indicating a potential decrease in liquidity during those years. Overall, the trend in the quick ratio suggests that Columbia Sportswear Co. has generally maintained a strong ability to meet its short-term financial obligations with its easily accessible assets in recent years.
Peer comparison
Dec 31, 2023