Deckers Outdoor Corporation (DECK)
Cash ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,502,050 | 981,795 | 843,527 | 1,089,360 | 649,436 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 719,993 | 497,380 | 541,684 | 468,368 | 300,946 |
| Cash ratio | 2.09 | 1.97 | 1.56 | 2.33 | 2.16 |
March 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,502,050K
+ $—K)
÷ $719,993K
= 2.09
The cash ratio of Deckers Outdoor Corporation has exhibited some fluctuations over the past five years. It stood at 2.09 as of March 31, 2024, indicating that the company had $2.09 in cash and cash equivalents for every $1 of its current liabilities. This ratio has generally been strong, with the highest value of 2.33 recorded in March 31, 2021, and the lowest at 1.56 in March 31, 2022.
A higher cash ratio suggests that the company is more capable of meeting its short-term obligations using its cash reserves, which can be viewed as a positive indicator of financial health and liquidity. In contrast, a lower ratio might point to potential liquidity challenges in fulfilling immediate payment obligations.
Overall, Deckers Outdoor Corporation has maintained a relatively healthy cash ratio over the years, indicating a solid ability to cover its short-term liabilities with its available cash resources.
Peer comparison
Mar 31, 2024