National Vision Holdings Inc (EYE)
Cash ratio
| 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 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 73,948 | 81,154 | 179,515 | 150,050 | 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 |
| Short-term investments | US$ in thousands | — | — | 600 | 3,200 | 5,600 | 8,900 | 10,800 | 9,300 | 10,000 | 8,200 | 4,200 | 1,000 | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 468,274 | 426,123 | 663,161 | 375,006 | 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 |
| Cash ratio | 0.16 | 0.19 | 0.27 | 0.41 | 0.39 | 0.74 | 0.73 | 0.71 | 0.70 | 0.79 | 0.73 | 0.91 | 0.89 | 1.26 | 1.10 | 1.26 | 1.14 | 1.06 | 0.82 | 0.92 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($73,948K
+ $—K)
÷ $468,274K
= 0.16
The cash ratio of National Vision Holdings Inc has shown fluctuations over the past few years, ranging from 0.16 to 1.26. The cash ratio measures the company's ability to cover its short-term liabilities with its readily available cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations without relying on external sources.
Analyzing the trend, the cash ratio increased steadily from December 31, 2020, reaching its peak at 1.26 on March 31, 2021, indicating improved liquidity. However, the ratio started to decline after that, dropping to 0.39 by December 31, 2023.
The decreasing trend in the cash ratio from March 31, 2021, to December 31, 2023, suggests that the company may have been facing challenges in maintaining sufficient cash reserves relative to its short-term liabilities during this period. A lower cash ratio can indicate potential liquidity issues and the need to carefully manage cash flow to ensure the company's financial stability.
Investors and stakeholders may closely monitor the cash ratio of National Vision Holdings Inc to assess its liquidity position and evaluate its ability to meet short-term obligations effectively. The company may need to implement strategies to improve its cash reserves and ensure adequate liquidity to support its operational needs and financial obligations.
Peer comparison
Dec 31, 2024