Deckers Outdoor Corporation (DECK)
Cash ratio
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,889,190 | 1,502,050 | 981,795 | 843,527 | 1,089,360 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 769,941 | 719,993 | 497,380 | 541,684 | 468,368 |
| Cash ratio | 2.45 | 2.09 | 1.97 | 1.56 | 2.33 |
March 31, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,889,190K
+ $—K)
÷ $769,941K
= 2.45
Deckers Outdoor Corporation's cash ratio has shown varying trends over the past five years. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents.
In March 2021, the cash ratio stood at 2.33, indicating that the company had $2.33 in cash and cash equivalents for every dollar of its short-term liabilities. This suggests a strong liquidity position at that time.
However, the cash ratio decreased to 1.56 in March 2022, indicating a potential decrease in the company's ability to cover its short-term obligations solely with its available cash reserves.
The ratio increased to 1.97 in March 2023, showing some improvement but still below the 2021 level. This improvement was further reflected in the ratio of 2.09 in March 2024, indicating a better ability to meet short-term obligations with cash on hand.
In the most recent period, March 2025, the cash ratio further improved to 2.45, demonstrating that the company has strengthened its liquidity position, with $2.45 in cash and cash equivalents available for every dollar of short-term liabilities.
Overall, the fluctuation in Deckers Outdoor Corporation's cash ratio over the five-year period suggests varying levels of liquidity management and the importance of monitoring cash reserves to ensure the company can meet its short-term obligations effectively.
Peer comparison
Mar 31, 2025