Crocs Inc (CROX)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 872,269 | 990,420 | 1,026,900 | 1,106,400 | 910,704 | 979,182 | 1,101,220 | 1,114,660 | 1,025,980 | 1,123,170 | 1,168,310 | 1,038,540 | 666,569 | 920,052 | 678,515 | 727,182 | 492,841 | 472,309 | 493,930 | 514,001 |
| Total current liabilities | US$ in thousands | 740,208 | 692,526 | 686,416 | 628,561 | 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 |
| Current ratio | 1.18 | 1.43 | 1.50 | 1.76 | 1.30 | 1.51 | 1.65 | 1.76 | 1.60 | 1.97 | 1.94 | 1.96 | 1.72 | 2.63 | 1.78 | 2.23 | 1.69 | 1.70 | 2.12 | 2.18 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $872,269K ÷ $740,208K
= 1.18
Crocs Inc's current ratio has shown fluctuations over the past few years. The current ratio measures a company's ability to cover its short-term liabilities with its current assets.
From March 31, 2020, to September 30, 2021, the current ratio generally remained above 2, indicating a healthy position to cover short-term obligations. However, there was a notable decline in the ratio from September 30, 2021, to December 31, 2022, where it dropped to around 1.6, signaling a potential weakening of the company's short-term liquidity position.
Although the current ratio improved slightly by March 31, 2024, it remained below the levels seen earlier, hovering between 1.3 to 1.76. This suggests that Crocs Inc may face challenges in meeting its short-term obligations using its current assets alone.
Overall, the trend in Crocs Inc's current ratio indicates fluctuations and a potential strain on the company's ability to cover short-term liabilities, which may require closer monitoring and management of liquidity in the future.
Peer comparison
Dec 31, 2024