Corsair Gaming Inc (CRSR)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 107,011 | 175,620 | 153,827 | 65,149 | 133,338 |
| Short-term investments | US$ in thousands | — | — | — | 12,968 | — |
| Total current liabilities | US$ in thousands | 396,313 | 418,487 | 342,998 | 446,747 | 505,381 |
| Cash ratio | 0.27 | 0.42 | 0.45 | 0.17 | 0.26 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($107,011K
+ $—K)
÷ $396,313K
= 0.27
The cash ratio of Corsair Gaming Inc has displayed some fluctuations over the past five years, ranging between 0.17 and 0.45. In 2020, the cash ratio stood at 0.26, indicating that the company held $0.26 in cash and cash equivalents for every $1 of current liabilities.
Subsequently, the ratio decreased to 0.17 in 2021, suggesting a lower level of liquidity compared to the previous year. However, there was a notable improvement in 2022 when the ratio increased to 0.45, reflecting a stronger liquidity position with $0.45 in cash for every $1 of current liabilities.
In the following years, the cash ratio remained relatively stable, ranging from 0.42 to 0.27. These ratios indicate that Corsair Gaming Inc maintained a healthy level of liquidity overall during the period under review, with the ability to cover a significant portion of its short-term obligations with cash and cash equivalents.
Peer comparison
Dec 31, 2024