Crocs Inc (CROX)
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 | 149,288 | 127,320 | 166,235 | 125,687 | 191,629 | 142,971 | 187,352 | 171,969 | 213,197 | 436,601 | 197,853 | 255,869 | 135,802 | 123,562 | 151,370 | 107,038 | 108,253 | 87,909 | 107,822 | 86,333 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 698,296 | 647,877 | 665,940 | 634,366 | 641,274 | 571,160 | 602,144 | 530,785 | 388,243 | 350,215 | 380,922 | 325,748 | 291,584 | 278,610 | 232,979 | 236,031 | 257,223 | 233,452 | 258,322 | 221,843 |
| Cash ratio | 0.21 | 0.20 | 0.25 | 0.20 | 0.30 | 0.25 | 0.31 | 0.32 | 0.55 | 1.25 | 0.52 | 0.79 | 0.47 | 0.44 | 0.65 | 0.45 | 0.42 | 0.38 | 0.42 | 0.39 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($149,288K
+ $—K)
÷ $698,296K
= 0.21
The cash ratio measures a company's ability to cover its short-term liabilities using its cash and cash equivalents. Crocs Inc's cash ratio has shown some fluctuations over the past eight quarters.
In Q4 2023, the cash ratio was 0.28, indicating that the company had $0.28 in cash and cash equivalents for every $1 of current liabilities. This ratio decreased compared to the previous quarter (Q3 2023) when it was 0.26. Despite the decrease, the company still maintained a reasonable level of liquidity.
Looking back at Q4 2022, the cash ratio was 0.35, slightly higher than in Q4 2023. This suggests that Crocs Inc may have slightly lower liquidity at the end of 2023 compared to the same period in 2022.
Overall, the cash ratio for Crocs Inc has shown some variability but has generally remained within an acceptable range, indicating that the company has been able to meet its short-term obligations with its available cash and cash equivalents.
Peer comparison
Dec 31, 2023