ELF Beauty Inc (ELF)

Cash 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 and cash equivalents	US$ in thousands	148,692	73,845	96,768	109,034	108,183	75,005	167,763	142,549	120,778	87,021	85,317	72,248	43,353	32,889	41,694	63,402	57,768	35,439	41,041	54,224
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	2,875	2,875	2,875	2,875	—	—
Total current liabilities	US$ in thousands	—	293,907	310,897	299,805	299,115	302,939	152,371	109,705	107,976	87,537	71,948	61,732	65,017	62,513	71,218	82,977	73,331	66,680	61,027	57,231
Cash ratio		—	0.25	0.31	0.36	0.36	0.25	1.10	1.30	1.12	0.99	1.19	1.17	0.67	0.53	0.63	0.80	0.83	0.57	0.67	0.95

March 31, 2025 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($148,692K + $—K) ÷ $—K
= —

The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a more liquid position, reflecting the company's ability to meet its immediate obligations without relying on external sources.

ELF Beauty Inc's cash ratio fluctuated over the periods provided, ranging from 0.25 to 1.30. The ratio peaked at 1.30 on June 30, 2023, suggesting the company had more than enough cash and cash equivalents to cover its short-term obligations at that time.

However, the ratio decreased significantly to 0.25 by December 31, 2023, indicating a potential liquidity issue where the company may struggle to meet its short-term liabilities solely with its available cash.

It's important to note that as of March 31, 2025, the cash ratio data is not available. Monitoring the cash ratio over time can provide insights into the company's liquidity management and financial health.