Deckers Outdoor Corporation (DECK)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,274,110 | 2,701,290 | 2,612,830 | 2,443,480 | 2,648,850 | 2,179,880 | 2,175,160 | 1,910,250 | 2,243,750 | 1,913,280 | 1,949,730 | 1,752,130 | 1,994,610 | 1,843,550 | 1,726,200 | 1,650,800 | 1,857,440 | 1,499,740 | 1,289,810 | 1,194,110 |
| 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 |
| Current ratio | 3.17 | 3.08 | 2.86 | 3.39 | 2.86 | 2.87 | 2.96 | 3.84 | 2.75 | 2.63 | 2.44 | 3.23 | 2.74 | 2.70 | 2.87 | 3.52 | 3.25 | 2.98 | 3.27 | 3.97 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,274,110K ÷ $1,032,880K
= 3.17
Deckers Outdoor Corporation's current ratio has displayed some fluctuations over the past few years. The current ratio measures a company's ability to cover its short-term liabilities with its short-term assets.
From March 31, 2020, to December 31, 2024, Deckers Outdoor Corporation's current ratio ranged from a low of 2.44 to a high of 3.97. Initially, the current ratio showed an increasing trend, reaching a peak of 3.97 on March 31, 2020. However, it then started to decline, hitting a low of 2.44 on June 30, 2022.
Despite the fluctuations, the current ratio generally remained above 2.0, indicating that Deckers Outdoor Corporation typically had more than enough current assets to cover its short-term liabilities during this period. It is important to note that a current ratio above 1.0 suggests a company is able to meet its short-term obligations.
Overall, Deckers Outdoor Corporation's current ratio demonstrates its ability to manage its short-term financial obligations, although the fluctuations in the ratio over the years should be monitored to ensure continued liquidity and financial stability.
Peer comparison
Dec 31, 2024