Deckers Outdoor Corporation (DECK)
Cash 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 and cash equivalents | US$ in thousands | 2,240,920 | 1,225,680 | 1,438,400 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,032,880 | 875,640 | 912,470 | 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 |
| Cash ratio | 2.17 | 1.40 | 1.58 | 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 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($2,240,920K
+ $—K)
÷ $1,032,880K
= 2.17
The cash ratio measures a company's ability to cover its current liabilities with its cash and cash equivalents. Looking at the data provided for Deckers Outdoor Corporation, we see fluctuations in the cash ratio over the reported periods.
The cash ratio has varied between 0.58 and 2.33 over the period from March 31, 2020, to December 31, 2024. The ratio peaked at 2.33 on March 31, 2021, indicating that the company had a high level of cash and cash equivalents relative to its current liabilities at that point. However, there have been periods when the cash ratio was considerably lower, such as June 30, 2022, when it dropped to 0.87.
Overall, a higher cash ratio is generally preferable as it suggests that the company has a strong liquidity position to meet its short-term obligations. Conversely, a lower cash ratio may raise concerns about the company's ability to cover its immediate liabilities with its available cash resources.
It is important for investors and stakeholders to monitor Deckers Outdoor Corporation's cash ratio over time to assess the company's liquidity position and financial health, as fluctuations in this ratio can provide insights into its ability to manage short-term financial obligations.
Peer comparison
Dec 31, 2024