Ethan Allen Interiors Inc (ETD)
Quick 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 | 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 | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 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 | 8,092 | 10,482 | 13,139 | 12,345 |
| 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 |
| Quick ratio | 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 | 0.58 | 0.87 | 0.30 | 0.36 |
June 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($69,710K
+ $91,319K
+ $6,766K)
÷ $153,696K
= 1.09
The quick ratio of Ethan Allen Interiors Inc has shown some fluctuations over the past several quarters. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio above 1 indicates that the company has enough liquid assets to cover its short-term liabilities.
From December 2019 to March 2021, the quick ratio was relatively low, hovering around 0.30 to 0.53, suggesting a potential liquidity issue. However, from June 2021 to June 2024, the quick ratio improved significantly, ranging from 0.87 to 1.13. This indicates improved liquidity and the company's ability to cover its short-term obligations with its liquid assets.
The quick ratio peaked at 1.13 in December 2023 and June 2023, showing a strong ability to meet short-term obligations during those periods. However, the quick ratio dropped to 0.50 in March 2022, signaling a decrease in liquidity at that time.
Overall, the trend in the quick ratio for Ethan Allen Interiors Inc indicates fluctuations in liquidity levels but generally shows an improvement in recent quarters. It is important for the company to maintain a healthy quick ratio above 1 to ensure its ability to meet short-term obligations efficiently.
Peer comparison
Jun 30, 2024