Deckers Outdoor Corporation (DECK)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 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 | 649,436 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 330,273 | 570,958 | 332,607 | 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 |
| 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 |
| Quick ratio | 2.49 | 2.05 | 1.94 | 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 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($2,240,920K
+ $—K
+ $330,273K)
÷ $1,032,880K
= 2.49
The quick ratio of Deckers Outdoor Corporation has shown some fluctuations over the provided periods, ranging from a low of 1.21 to a high of 2.80. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
From March 2020 to June 2020, there was a slight decrease in the quick ratio from 2.80 to 2.06. This suggests a potential decrease in the company's ability to cover its short-term liabilities with its liquid assets in the immediate short term.
However, from June 2020 to September 2020, the quick ratio decreased further to 1.91, indicating a continued decline in liquidity.
By December 2020, the quick ratio improved significantly to 2.59, suggesting an increase in the company's ability to meet its short-term obligations.
The quick ratio continued to fluctuate in the following periods, showing a mix of increases and decreases. It reached its lowest point in June 2022 at 1.30, indicating a potential liquidity challenge.
Overall, the trend in Deckers Outdoor Corporation's quick ratio shows some variability, reflecting changes in the company's liquidity position over the analyzed periods. Investors and creditors may want to closely monitor these fluctuations to assess the company's short-term financial health and ability to meet its obligations.
Peer comparison
Dec 31, 2024