Deckers Outdoor Corporation (DECK)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 1,339,850 | 1,135,030 | 1,188,490 |
| 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 |
| Current ratio | 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 | 2.89 | 2.44 | 2.69 |
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 fluctuated over the past few quarters, ranging from a low of 2.44 to a high of 3.97. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities.
In the most recent quarter, as of March 31, 2024, Deckers Outdoor Corporation had a current ratio of 3.39, indicating a strong ability to cover its short-term obligations with its current assets. This suggests that the company has a healthy liquidity position and is well-positioned to meet its current liabilities.
However, it is worth noting that the current ratio has shown some variability in recent quarters, with fluctuations between 2.44 and 3.97. This may suggest some volatility in the company's short-term liquidity position. It is important for investors and stakeholders to monitor these fluctuations and assess the underlying reasons for the changes in the current ratio over time.
Peer comparison
Mar 31, 2024