Crocs Inc (CROX)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 180,485 | 186,122 | 167,734 | 159,286 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 261,703 | 364,564 | 422,701 | 484,493 | 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 |
| 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 |
| Quick ratio | 0.60 | 0.80 | 0.86 | 1.02 | 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 |
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 fluctuated over the years. It stood at 1.20 as of March 31, 2020, indicating that the company had $1.20 of liquid assets available to cover each dollar of current liabilities. The ratio improved to 1.50 by March 31, 2021, reflecting a stronger liquidity position. However, there was a subsequent decline, with the ratio dropping to 0.78 by December 31, 2022.
This decline continued into the following years, with the quick ratio reaching its lowest point of 0.60 by December 31, 2024. A quick ratio below 1 suggests that the company may have difficulty meeting its short-term obligations using only its most liquid assets. Crocs Inc should closely monitor its liquidity position and take appropriate measures to ensure it can comfortably cover its short-term liabilities.
Peer comparison
Dec 31, 2024