Deckers Outdoor Corporation (DECK)
Cash ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,502,050 | 1,650,800 | 823,051 | 1,046,890 | 981,795 | 1,057,840 | 419,259 | 695,230 | 843,527 | 998,261 | 746,211 | 956,712 | 1,089,360 | 1,156,560 | 626,414 | 661,941 | 649,436 | 616,864 | 177,673 | 502,626 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 719,993 | 927,442 | 759,390 | 735,804 | 497,380 | 815,306 | 728,624 | 799,758 | 541,684 | 727,930 | 682,963 | 600,533 | 468,368 | 571,850 | 503,842 | 394,998 | 300,946 | 463,158 | 465,847 | 441,745 |
| Cash ratio | 2.09 | 1.78 | 1.08 | 1.42 | 1.97 | 1.30 | 0.58 | 0.87 | 1.56 | 1.37 | 1.09 | 1.59 | 2.33 | 2.02 | 1.24 | 1.68 | 2.16 | 1.33 | 0.38 | 1.14 |
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 displayed significant fluctuations over the historical period analyzed. The ratio peaked at 2.33 on March 31, 2021, indicating a high level of cash and cash equivalents relative to current liabilities. This suggests the company had a strong ability to cover its short-term obligations with cash on hand during that period.
Conversely, the cash ratio hit its lowest point at 0.38 on June 30, 2019, which might indicate a potential liquidity risk for the company during that specific period. However, it is important to note that a low cash ratio does not necessarily mean financial distress, as companies may have alternative sources of liquidity to meet short-term obligations.
Overall, the trend in the cash ratio of Deckers Outdoor Corporation shows fluctuation, with some periods indicating strong liquidity positions and others suggesting potential liquidity challenges. This ratio provides insights into the company's ability to meet short-term obligations using cash and cash equivalents and should be analyzed in conjunction with other financial metrics to gain a comprehensive understanding of the company's liquidity position.
Peer comparison
Mar 31, 2024