Corsair Gaming Inc (CRSR)
Quick ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 107,011 | 58,911 | 94,344 | 129,942 | 175,620 | 144,891 | 181,100 | 179,147 | 153,827 | 61,451 | 35,851 | 29,049 | 65,149 | 71,922 | 134,572 | 121,622 | 133,338 | 116,185 | 107,421 | 46,728 |
| Short-term investments | US$ in thousands | — | — | — | — | — | 28,798 | — | — | — | — | — | — | 12,968 | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 396,313 | 361,124 | 322,730 | 342,101 | 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 | 365,588 | 257,652 |
| Quick ratio | 0.27 | 0.16 | 0.29 | 0.38 | 0.42 | 0.44 | 0.50 | 0.51 | 0.45 | 0.19 | 0.10 | 0.08 | 0.17 | 0.15 | 0.27 | 0.24 | 0.26 | 0.26 | 0.29 | 0.18 |
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 experienced fluctuations over the period from March 31, 2020, to December 31, 2024. The quick ratio started at a low of 0.18 on March 31, 2020, indicating relatively low liquidity. It gradually increased throughout the next few quarters, reaching a peak of 0.51 on March 31, 2023, suggesting improved short-term liquidity.
However, there was a subsequent decline in the quick ratio, dropping to 0.16 on September 30, 2024. This decrease may raise concerns about the company's ability to meet its short-term obligations using only its most liquid assets.
Overall, the quick ratio of Corsair Gaming Inc has shown variability, with both improvements and declines in liquidity levels. Investors and stakeholders may want to monitor this ratio closely to assess the company's liquidity position accurately.
Peer comparison
Dec 31, 2024