Deckers Outdoor Corporation (DECK)
Current ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,443,480 | 1,910,250 | 1,752,130 | 1,650,800 | 1,194,110 |
| Total current liabilities | US$ in thousands | 719,993 | 497,380 | 541,684 | 468,368 | 300,946 |
| Current ratio | 3.39 | 3.84 | 3.23 | 3.52 | 3.97 |
March 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,443,480K ÷ $719,993K
= 3.39
The current ratio of Deckers Outdoor Corporation has shown fluctuations over the past five years. As of March 31, 2024, the current ratio stands at 3.39, indicating that the company has $3.39 in current assets for every $1 in current liabilities.
Comparing this to the previous years, we observe that the current ratio was highest in March 2020 at 3.97, suggesting a strong ability to meet short-term obligations at that time. However, the current ratio has gradually decreased since then, reaching its lowest point in March 2022 at 3.23 before slightly improving in the most recent fiscal year.
While the current ratio in 2024 is still higher than the industry average, the downward trend raises some concerns about the company's liquidity position. It is essential for investors and stakeholders to continue monitoring this ratio to ensure that Deckers Outdoor Corporation can effectively cover its short-term liabilities in the future.
Peer comparison
Mar 31, 2024