ELF Beauty Inc (ELF)

Cash 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 and cash equivalents	US$ in thousands	73,845	96,768	109,034	108,183	72,705	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	46,167
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	51,123
Cash ratio		0.25	0.31	0.36	0.36	0.24	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	0.90

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($73,845K + $—K) ÷ $293,907K
= 0.25

The cash ratio of ELF Beauty Inc has fluctuated over the period from March 31, 2020, to December 31, 2024. The cash ratio measures a company's ability to cover its short-term liabilities with its available cash and cash equivalents.

The ratio started at 0.90 on March 31, 2020, and generally decreased until September 30, 2021. This decline could indicate that the company's cash reserves may have been decreasing relative to its short-term obligations during this period. However, the ratio improved from September 30, 2021, to June 30, 2022, reaching a peak of 1.30, indicating a stronger ability to cover short-term liabilities with available cash.

From June 30, 2022, to December 31, 2024, the cash ratio generally decreased. The ratio dropped to 0.25 on December 31, 2024, showing a lower level of liquidity compared to earlier periods. This declining trend may suggest potential liquidity challenges for ELF Beauty Inc if the trend continues in the future.

Overall, the cash ratio analysis indicates fluctuations in ELF Beauty Inc's cash position over time, with periods of strengthening liquidity followed by declines. Investors and stakeholders should closely monitor the company's cash management practices and liquidity position to ensure its ability to meet short-term obligations.