Corsair Gaming Inc (CRSR)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Cash | US$ in thousands | 175,620 | 151,180 | 62,415 | 129,543 |
| Short-term investments | US$ in thousands | — | — | 12,968 | — |
| Receivables | US$ in thousands | 253,268 | 235,656 | 291,287 | 293,629 |
| Total current liabilities | US$ in thousands | 418,487 | 342,998 | 446,747 | 505,381 |
| Quick ratio | 1.02 | 1.13 | 0.82 | 0.84 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($175,620K
+ $—K
+ $253,268K)
÷ $418,487K
= 1.02
The quick ratio of Corsair Gaming Inc has shown some fluctuations over the past five years. In 2023, the quick ratio stands at 1.12, indicating that the company has $1.12 of liquid assets available to cover each dollar of current liabilities. This shows a slight decrease from the previous year's ratio of 1.25.
Looking further back, in 2021, the quick ratio was 0.91, indicating that the company had $0.91 in liquid assets for every dollar of current liabilities. This implies a relatively weaker position compared to the more recent years.
In 2020 and 2019, the quick ratios were both 0.91 and 0.92 respectively, showing some stability in the company's ability to meet short-term obligations with its liquid assets during those years.
Overall, the trend suggests that Corsair Gaming Inc has maintained a generally healthy liquidity position over the years, with some fluctuations observed. It is important for the company to continue monitoring and managing its liquidity effectively to ensure it can meet its short-term obligations efficiently.
Peer comparison
Dec 31, 2023