Crocs Inc (CROX)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 310,160 | 394,254 | 411,925 | 422,042 | 310,346 | 400,121 | 425,713 | 400,286 | 204,930 | 230,553 | 234,614 | 232,547 | 151,704 | 147,900 | 164,088 | 175,572 | 109,540 | 129,096 | 174,806 | 180,043 |
| 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 |
| Quick ratio | 0.66 | 0.81 | 0.87 | 0.86 | 0.78 | 0.95 | 1.02 | 1.08 | 1.08 | 1.90 | 1.14 | 1.50 | 0.99 | 0.97 | 1.35 | 1.20 | 0.85 | 0.93 | 1.09 | 1.20 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($149,288K
+ $—K
+ $310,160K)
÷ $698,296K
= 0.66
The quick ratio of Crocs Inc has fluctuated over the quarters in the period provided. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio above 1 indicates that the company has enough liquid assets to cover its current liabilities.
In Q4 2023, the quick ratio was 0.75, which indicates that Crocs Inc may have had difficulty meeting its short-term obligations with its liquid assets alone. However, in Q3 2023, the quick ratio improved to 0.91, showing a slight increase in liquidity.
The quick ratio improved further in Q2 and Q1 2023 to 1.00 and 1.01, respectively, indicating that the company had a more comfortable liquidity position during these quarters.
Comparing the recent quarters to the same periods in 2022, there seems to be some variability in the quick ratio. For example, in Q4 2022, the quick ratio was 0.86, which was lower than the most recent quarter, while in Q2 and Q1 2022, the quick ratio was higher at 1.11 and 1.19, respectively.
Overall, the trend in Crocs Inc's quick ratio suggests some fluctuations in liquidity over the quarters, indicating a varying ability to cover short-term liabilities with liquid assets. Monitoring this ratio over time can provide insights into the company's short-term financial health and liquidity management.
Peer comparison
Dec 31, 2023