Deckers Outdoor Corporation (DECK)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 340,124 | 347,046 | 500,949 | 289,516 | 306,295 | 330,872 | 459,051 | 340,588 | 320,931 | 348,593 | 384,176 | 222,645 | 222,028 | 323,369 | 337,622 | 150,228 | 193,747 | 295,013 | 340,094 | 163,518 |
| 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 |
| Quick ratio | 2.56 | 2.15 | 1.74 | 1.82 | 2.59 | 1.70 | 1.21 | 1.30 | 2.15 | 1.85 | 1.66 | 1.96 | 2.80 | 2.59 | 1.91 | 2.06 | 2.80 | 1.97 | 1.11 | 1.51 |
March 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,502,050K
+ $—K
+ $340,124K)
÷ $719,993K
= 2.56
The quick ratio of Deckers Outdoor Corporation has fluctuated over the past few quarters as indicated in the table:
- The quick ratio was relatively stable around 2.15 to 2.59 from Mar 2020 to Jun 2021.
- There was a significant increase in the quick ratio to 2.80 in Mar 2021, which indicated a stronger ability to cover short-term liabilities with liquid assets.
- The quick ratio then decreased to 1.70 in Dec 2021, signaling a potential decrease in the company's ability to meet its short-term obligations with its most liquid assets.
- Subsequently, the quick ratio improved to 2.56 in Mar 2024, showing an increase in liquidity compared to the previous quarter.
Overall, the trend in Deckers Outdoor Corporation's quick ratio suggests some variability in its short-term liquidity position, with both strengths and areas for potential improvement. It is essential to monitor this ratio over time to assess the company's ability to meet its short-term financial obligations effectively.
Peer comparison
Mar 31, 2024