Deckers Outdoor Corporation (DECK)
Quick ratio
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,889,190 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 332,872 | 330,273 | 570,958 | 343,372 | 296,565 | 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 |
| Total current liabilities | US$ in thousands | 769,941 | 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 |
| Quick ratio | 2.89 | 2.49 | 2.05 | 1.95 | 2.50 | 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 |
March 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,889,190K
+ $—K
+ $332,872K)
÷ $769,941K
= 2.89
Deckers Outdoor Corporation's quick ratio has fluctuated over the given period. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
From June 30, 2020, to September 30, 2020, the quick ratio decreased from 2.06 to 1.91. This indicates a slight reduction in the company's ability to cover its short-term liabilities with its quick assets.
However, the quick ratio improved significantly by December 31, 2020, reaching 2.59, and continued to increase to 2.80 by March 31, 2021. This suggests that Deckers Outdoor Corporation had a stronger ability to meet its short-term obligations with its liquid assets during this period.
Subsequently, the quick ratio experienced some fluctuations, dropping to 1.66 by September 30, 2021, and then to 1.30 by June 30, 2022. These lower ratios indicate a potential strain on the company's liquidity in the short term.
However, the quick ratio improved again to 2.59 by March 31, 2023, and remained relatively stable above 1.70 for the rest of the period. This indicates an enhanced ability to cover short-term liabilities with quick assets, suggesting improved liquidity in those quarters.
Overall, Deckers Outdoor Corporation's quick ratio has shown variability, with periods of strengthening liquidity followed by some fluctuations. It is important for the company to maintain a healthy quick ratio to ensure it can easily meet its short-term obligations.
Peer comparison
Mar 31, 2025