Corsair Gaming Inc (CRSR)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 253,268 | 251,079 | 220,219 | 220,992 | 235,656 | 156,311 | 170,309 | 236,472 | 291,287 | 252,406 | 258,789 | 304,174 | 293,629 | 259,542 |
| 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 |
| Quick ratio | 1.02 | 1.08 | 1.10 | 1.15 | 1.13 | 0.66 | 0.58 | 0.69 | 0.79 | 0.68 | 0.80 | 0.85 | 0.84 | 0.85 |
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 a fluctuating trend over the past year. In Q4 2023 and Q3 2023, the quick ratio remained stable at 1.12, indicating that the company had $1.12 in liquid assets to cover each $1 of current liabilities. This suggests a healthy liquidity position.
However, in the previous quarters, Q2 2023 and Q1 2023, the quick ratio improved to 1.22 and 1.27, respectively, reflecting a stronger ability to meet short-term obligations with quick assets. This may indicate improved efficiency in managing current assets and liabilities during these periods.
Comparing to the same periods in the prior year, Q4 2022 had a quick ratio of 1.25, which was relatively higher than the recent quarters. On the other hand, Q3 2022, Q2 2022, and Q1 2022 had quick ratios below 1, signaling potential liquidity challenges in those periods.
Overall, the recent quick ratios of Corsair Gaming Inc suggest a generally stable liquidity position, with fluctuations indicating variations in the company's ability to meet short-term obligations with its readily available assets. Further analysis of trends and underlying factors impacting liquidity may provide more insights into the company's financial health.
Peer comparison
Dec 31, 2023