Corsair Gaming Inc (CRSR)
Cash 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 175,620 | 144,891 | 181,100 | 179,147 | 151,180 | 57,275 | 35,851 | 29,049 | 62,415 | 71,922 | 134,572 | 121,622 | 129,543 | 116,185 |
| Short-term investments | US$ in thousands | — | 28,798 | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 418,487 | 394,722 | 365,735 | 348,892 | 342,998 | 325,038 | 356,533 | 384,764 | 446,747 | 475,551 | 494,029 | 499,270 | 505,381 | 444,357 |
| Cash ratio | 0.42 | 0.44 | 0.50 | 0.51 | 0.44 | 0.18 | 0.10 | 0.08 | 0.14 | 0.15 | 0.27 | 0.24 | 0.26 | 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 shown some fluctuations over the past eight quarters. The cash ratio measures the company's ability to cover its short-term liabilities with its readily available cash and cash equivalents. A higher cash ratio indicates a stronger ability to cover short-term obligations.
In Q1 2022, the cash ratio was 0.23, which increased steadily in the subsequent quarters, reaching its peak at 0.63 in Q1 2023. This improvement indicates an enhancement in Corsair Gaming Inc's ability to meet its short-term liabilities with cash on hand.
However, the cash ratio decreased in Q2 2023 to 0.62 and further to 0.48 in Q3 2023 and 0.51 in Q4 2023. While these values are lower than the peak in Q1 2023, they still suggest that the company has a sufficient level of cash to cover its short-term obligations.
Overall, the trend in Corsair Gaming Inc's cash ratio indicates that the company has been managing its cash position effectively, although some fluctuations have been observed in recent quarters. It is important for investors and stakeholders to continue monitoring the cash ratio to ensure the company's liquidity remains stable.
Peer comparison
Dec 31, 2023