Corsair Gaming Inc (CRSR)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 175,620 | 151,180 | 62,415 | 129,543 |
| Short-term investments | US$ in thousands | — | — | 12,968 | — |
| Total current liabilities | US$ in thousands | 418,487 | 342,998 | 446,747 | 505,381 |
| Cash ratio | 0.42 | 0.44 | 0.17 | 0.26 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($175,620K
+ $—K)
÷ $418,487K
= 0.42
The cash ratio of Corsair Gaming Inc has exhibited fluctuations over the past five years. In 2023, the cash ratio decreased to 0.51 from the previous year's 0.56. This may indicate a slightly lower ability for the company to cover its short-term liabilities solely with cash and cash equivalents. The ratio was notably higher in 2022 at 0.56, suggesting a stronger liquidity position. In 2021, the cash ratio was 0.25, indicating a lower proportion of cash to current liabilities compared to the prior year. The ratio improved in 2020 to 0.33, showing a better ability to meet short-term obligations with available cash. In 2019, the cash ratio was 0.24, which was slightly lower than the most recent year's ratio. Overall, while there have been fluctuations, the company appears to have maintained a reasonable level of liquidity over the years based on the cash ratio analysis.
Peer comparison
Dec 31, 2023