National Vision Holdings Inc (EYE)
Cash ratio
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 149,896 | 265,815 | 254,647 | 246,906 | 229,425 | 256,209 | 254,382 | 314,642 | 305,800 | 439,117 | 408,301 | 453,792 | 373,903 | 377,007 | 256,292 | 263,154 | 39,342 | 94,086 | 82,779 | 72,506 |
| Short-term investments | US$ in thousands | — | — | 10,800 | 9,300 | — | 8,200 | 4,200 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 397,700 | 373,528 | 363,233 | 361,763 | 344,264 | 336,625 | 353,791 | 345,407 | 343,803 | 348,836 | 370,483 | 359,828 | 328,680 | 356,049 | 311,942 | 287,465 | 273,179 | 303,898 | 288,279 | 297,669 |
| Cash ratio | 0.38 | 0.71 | 0.73 | 0.71 | 0.67 | 0.79 | 0.73 | 0.91 | 0.89 | 1.26 | 1.10 | 1.26 | 1.14 | 1.06 | 0.82 | 0.92 | 0.14 | 0.31 | 0.29 | 0.24 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($149,896K
+ $—K)
÷ $397,700K
= 0.38
The cash ratio of National Vision Holdings Inc has fluctuated over the past few quarters, ranging from 0.14 to 1.26. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations without relying on external sources of funding.
In the most recent quarter, the cash ratio was 0.38, suggesting that the company may have a lower level of cash and cash equivalents in relation to its current liabilities. However, it is important to note that the cash ratio can vary depending on the industry and business model of the company.
Overall, the trend in National Vision Holdings Inc's cash ratio indicates some volatility, but the company has generally maintained a reasonable level of liquidity to cover its short-term obligations. Management may need to monitor the cash position closely to ensure adequate liquidity for day-to-day operations and potential unforeseen events.
Peer comparison
Dec 31, 2023