Ethan Allen Interiors Inc (ETD)
Cash ratio
| Jun 30, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 76,178 | 65,731 | 57,075 | 59,234 | 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 |
| Short-term investments | US$ in thousands | 59,955 | 107,202 | 82,049 | 76,730 | 91,319 | 82,356 | 97,679 | 106,284 | 110,577 | 95,171 | 55,030 | 49,566 | 11,199 | 9,525 | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 152,851 | 157,786 | 150,079 | 157,315 | 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 |
| Cash ratio | 0.89 | 1.10 | 0.93 | 0.86 | 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 |
June 30, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($76,178K
+ $59,955K)
÷ $152,851K
= 0.89
The cash ratio of Ethan Allen Interiors Inc. demonstrates a notable upward trend from September 30, 2020, through March 31, 2025, with some fluctuations. Starting at 0.33 in September 2020, the ratio increased steadily over the period, reaching a peak of approximately 1.10 in March 2025. This indicates a significant improvement in the company's liquidity position relative to its current liabilities, as it suggests that Ethan Allen holds sufficient cash and cash equivalents to cover nearly all of its current obligations.
Throughout this period, the cash ratio experienced incremental growth, reflecting an increasingly conservative cash management strategy or a potential shift toward maintaining higher cash reserves. For example, the ratio rose consistently between December 2020 and December 2022, surpassing 0.80 in December 2022, which indicates the company's capacity to meet its short-term liabilities with cash on hand alone.
The data reveals continued strengthening of liquidity, especially from September 2022 onward, with the ratio approaching 1.00 by September 2023. The values exceeding 1.00, observed in December 2023 and March 2025, imply that Ethan Allen's cash holdings are more than sufficient to cover its current liabilities, providing a high degree of liquidity safety.
This upward trajectory suggests a strategic emphasis on maintaining ample liquidity, possibly in response to market conditions, operational considerations, or risk management policies. Overall, the trend reflects a progressively robust cash position, reducing liquidity risk and enhancing financial stability across the analyzed period.
Peer comparison
Jun 30, 2025