Crocs Inc (CROX)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 180,485 | 149,288 | 191,629 | 213,197 | 135,802 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 261,703 | 310,160 | 310,346 | 204,930 | 151,704 |
| Total current liabilities | US$ in thousands | 740,208 | 698,296 | 641,274 | 388,243 | 291,584 |
| Quick ratio | 0.60 | 0.66 | 0.78 | 1.08 | 0.99 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($180,485K
+ $—K
+ $261,703K)
÷ $740,208K
= 0.60
The quick ratio of Crocs Inc has shown fluctuation over the past five years. In December 2020, the quick ratio stood at 0.99, indicating that the company had almost enough liquid assets to cover its current liabilities. By December 2021, the quick ratio improved to 1.08, suggesting an increase in the company's ability to meet short-term obligations with its liquid assets.
However, the quick ratio declined in the following years. By December 2022, the quick ratio dropped to 0.78, signaling a decrease in the company's ability to swiftly cover its current liabilities with its most liquid assets. This downward trend continued in December 2023, with a quick ratio of 0.66, further highlighting potential liquidity concerns for the company.
In December 2024, the quick ratio decreased even further to 0.60, indicating a significant decline in Crocs Inc's ability to meet its short-term obligations with its available liquid assets. This downward trend in the quick ratio may raise concerns about the company's liquidity position and ability to manage its short-term financial obligations effectively.
Peer comparison
Dec 31, 2024