Ethan Allen Interiors Inc (ETD)
Cash ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 69,710 | 63,862 | 55,051 | 56,888 | 62,130 | 61,031 | 85,392 | 92,878 | 109,919 | 95,045 | 105,207 | 93,665 | 104,596 | 108,956 | 80,035 | 61,973 | 72,276 | 116,868 | 28,306 | 45,876 |
| Short-term investments | US$ in thousands | 91,319 | 82,356 | 97,679 | 106,284 | 110,577 | 95,171 | 55,030 | 49,566 | 11,199 | 9,525 | — | — | 0 | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 153,696 | 156,109 | 140,930 | 164,942 | 163,097 | 174,356 | 175,715 | 208,290 | 215,643 | 230,437 | 222,817 | 232,767 | 223,902 | 225,946 | 187,478 | 187,889 | 138,978 | 146,863 | 137,442 | 159,899 |
| Cash ratio | 1.05 | 0.94 | 1.08 | 0.99 | 1.06 | 0.90 | 0.80 | 0.68 | 0.56 | 0.45 | 0.47 | 0.40 | 0.47 | 0.48 | 0.43 | 0.33 | 0.52 | 0.80 | 0.21 | 0.29 |
June 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($69,710K
+ $91,319K)
÷ $153,696K
= 1.05
The cash ratio of Ethan Allen Interiors Inc has fluctuated over the periods provided. The cash ratio measures the company's ability to cover its short-term liabilities with its available cash and cash equivalents. A higher cash ratio indicates a stronger liquidity position.
Based on the data provided:
- The cash ratio ranged from 0.21 to 1.08 over the past 20 quarters.
- The ratio experienced significant variation, with a low of 0.21 in Q3 2019 and a high of 1.08 in Q4 2023.
- There was a general upward trend in the cash ratio from Q3 2019 to Q4 2023, indicating an improvement in liquidity.
- However, the ratio decreased in recent quarters, with Q2 2024 recording a lower ratio compared to Q4 2023.
- It is important for investors and analysts to monitor the cash ratio to assess the company's ability to meet its short-term obligations and manage liquidity effectively.
Overall, the cash ratio of Ethan Allen Interiors Inc has shown volatility but demonstrated an overall improvement in liquidity until recent quarters where the ratio declined.
Peer comparison
Jun 30, 2024