Crocs Inc (CROX)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 425,382 | 391,263 | 449,765 | 431,516 |
| 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 |
| Current ratio | 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 | 1.65 | 1.68 | 1.74 | 1.95 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $910,704K ÷ $698,296K
= 1.30
Crocs Inc's current ratio has shown a decreasing trend over the past eight quarters, starting at 1.96 in Q1 2022 and reaching a low of 1.30 in Q4 2023. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A ratio above 1 indicates the company can meet its short-term obligations, with a higher ratio implying stronger liquidity.
The downward trend in Crocs Inc's current ratio may raise concerns about its liquidity position and ability to meet short-term obligations. It is important for stakeholders to closely monitor this ratio, as a further decline could indicate potential challenges in managing working capital or potential cash flow issues. The company should assess its short-term liquidity management strategies to ensure it maintains adequate levels of current assets relative to current liabilities.
Peer comparison
Dec 31, 2023