Carter’s Inc (CRI)
Quick ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 412,926 | 175,536 | 316,646 | 267,575 | 351,213 | 169,106 | 174,503 | 157,685 | 211,748 | 121,649 | 231,339 | 702,266 | 984,294 | 943,025 | 1,120,900 | 1,053,690 | 1,102,320 | 831,175 | 1,000,580 | 759,100 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 194,834 | 247,013 | 132,360 | 224,075 | 183,774 | 240,507 | 132,679 | 223,939 | 198,587 | 265,593 | 183,920 | 265,694 | 231,354 | 261,182 | 163,957 | 240,212 | 186,512 | 263,231 | 165,578 | 221,884 |
| Total current liabilities | US$ in thousands | 508,816 | 484,108 | 527,643 | 418,957 | 511,862 | 464,197 | 517,536 | 410,635 | 528,949 | 552,005 | 633,852 | 1,024,480 | 717,231 | 674,465 | 628,336 | 656,859 | 792,532 | 760,906 | 702,374 | 427,675 |
| Quick ratio | 1.19 | 0.87 | 0.85 | 1.17 | 1.05 | 0.88 | 0.59 | 0.93 | 0.78 | 0.70 | 0.66 | 0.94 | 1.69 | 1.79 | 2.04 | 1.97 | 1.63 | 1.44 | 1.66 | 2.29 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($412,926K
+ $—K
+ $194,834K)
÷ $508,816K
= 1.19
The quick ratio of Carter’s Inc has fluctuated over the past few years, indicating varying levels of liquidity. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
From March 2020 to June 2021, the quick ratio was relatively high, ranging from 1.66 to 2.29, suggesting a strong ability to cover short-term liabilities with liquid assets. However, from March 2022 to June 2024, the quick ratio declined significantly, dropping to as low as 0.59, indicating potential liquidity challenges during these periods.
In the most recent data available, the quick ratio improved slightly to 1.19 as of December 31, 2024. It is crucial for Carter’s Inc to closely monitor its quick ratio and ensure it maintains an appropriate level of liquidity to meet its short-term obligations effectively. Further analysis of the company's liquidity position and management of working capital may be necessary to address any potential liquidity risks in the future.
Peer comparison
Dec 31, 2024