Ethan Allen Interiors Inc (ETD)
Quick 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 | 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 | — | — | — | — | — | — |
| Receivables | US$ in thousands | 6,066 | 7,312 | 5,008 | 6,855 | 6,766 | 7,991 | 6,831 | 11,053 | 11,577 | 15,817 | 10,696 | 8,607 | 17,019 | 11,549 | 7,495 | 7,942 | 9,026 | 11,573 | 8,985 | 13,241 |
| 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 |
| Quick ratio | 0.93 | 1.14 | 0.96 | 0.91 | 1.09 | 0.99 | 1.13 | 1.06 | 1.13 | 0.99 | 0.86 | 0.73 | 0.64 | 0.50 | 0.51 | 0.44 | 0.51 | 0.53 | 0.47 | 0.40 |
June 30, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($76,178K
+ $59,955K
+ $6,066K)
÷ $152,851K
= 0.93
The analysis of Ethan Allen Interiors Inc.'s quick ratio over the specified period reveals a trend characterized by fluctuations within a generally improving trajectory from late 2020 to mid-2025. Starting at a low of 0.40 on September 30, 2020, the quick ratio exhibits a gradual upward movement, reaching 0.47 at the end of 2020, and continuing to increase through 2021, peaking at 0.73 on September 30, 2022. This indicates a strengthening liquidity position, with the company's ability to meet its short-term obligations using its most liquid assets improving over this period.
From late 2022 onward, there is a notable acceleration in the quick ratio's growth, reaching a high of 1.14 as of March 31, 2025. This suggests that the company's liquid assets have grown in proportion relative to its current liabilities, reflecting enhanced liquidity management and possibly improved cash holdings or accounts receivable relative to current liabilities.
However, a brief decline is observed on June 30, 2025, where the ratio drops to 0.54 before slightly rebounding to 1.14 by the end of the period under review. This decrease may signal a temporary reduction in liquid assets or an increase in current liabilities, yet the quick ratio remains within a generally healthy range overall.
Throughout the period, the ratio remains below 1.0 in the initial years, indicating that the company's liquid assets were insufficient to cover all current liabilities, which is typical in periods of operational growth or strategic investments. The subsequent increase to above 1.0 demonstrates an improved liquidity stance, providing a more conservative buffer for short-term obligations.
In summary, Ethan Allen Interiors Inc.’s quick ratio has shown a consistent upward trend from 2020 through early 2025, reflecting a strengthening liquidity position and increased capacity to cover immediate liabilities with liquid assets. The fluctuations within this period highlight the dynamic nature of short-term liquidity management, with recent ratios demonstrating a solid and stable liquidity profile.
Peer comparison
Jun 30, 2025