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.