Corsair Gaming Inc (CRSR)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 107,011 | 175,620 | 153,827 | 65,149 | 133,338 |
| Short-term investments | US$ in thousands | — | — | — | 12,968 | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 396,313 | 418,487 | 342,998 | 446,747 | 505,381 |
| Quick ratio | 0.27 | 0.42 | 0.45 | 0.17 | 0.26 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($107,011K
+ $—K
+ $—K)
÷ $396,313K
= 0.27
The quick ratio of Corsair Gaming Inc has fluctuated over the past five years, showing both strengths and weaknesses in its liquidity position.
As of December 31, 2020, the quick ratio stood at 0.26, indicating that the company had $0.26 in liquid assets available to cover each $1 of current liabilities. This suggests a potential liquidity risk, as the company may struggle to meet its short-term obligations promptly.
By December 31, 2021, the quick ratio had decreased further to 0.17, signaling a worsening liquidity position. This sharp decline may raise concerns about Corsair Gaming's ability to meet its immediate financial obligations without relying heavily on liquidating its current assets.
However, the trend reversed by December 31, 2022, as the quick ratio improved to 0.45, indicating a stronger ability to cover short-term liabilities with liquid assets. This suggests a positive development in Corsair Gaming's liquidity management, potentially reducing the risk of financial distress.
The improvement continued into December 31, 2023, with a quick ratio of 0.42, further solidifying the company's liquidity position. This indicates that Corsair Gaming may have better control over its short-term financial obligations, reducing the reliance on emergency measures to meet liabilities.
Nevertheless, by December 31, 2024, the quick ratio had decreased to 0.27, showing a slight decline in liquidity compared to the previous year. While still above the levels seen in 2020 and 2021, this decrease may warrant monitoring to ensure Corsair Gaming maintains a healthy liquidity position going forward.
Overall, the fluctuations in Corsair Gaming Inc's quick ratio reflect varying levels of liquidity and highlight the importance of closely monitoring the company's ability to cover short-term obligations with liquid assets.
Peer comparison
Dec 31, 2024