National Vision Holdings Inc (EYE)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 396,670 | 473,836 | 514,576 | 566,650 | 234,639 |
| Total current liabilities | US$ in thousands | 397,700 | 344,264 | 343,803 | 328,680 | 273,179 |
| Current ratio | 1.00 | 1.38 | 1.50 | 1.72 | 0.86 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $396,670K ÷ $397,700K
= 1.00
The current ratio of National Vision Holdings Inc has exhibited fluctuations over the past five years. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A current ratio of 1.00 for the most recent year, Dec 31, 2023, indicates that the company's current assets are equal to its current liabilities, suggesting that it may have just enough liquid assets to cover its short-term debts.
Comparing the current ratio to the previous years, we observe a declining trend from 1.72 in Dec 31, 2020, to 1.00 in Dec 31, 2023. This decreasing trend may raise concerns about the company's liquidity position and its ability to cover its short-term obligations.
Further analysis is required to understand the reasons behind the decreasing current ratio trend and whether it is an indication of potential liquidity issues or just a temporary fluctuation in the company's financial position. It is essential for stakeholders to monitor this ratio closely to ensure the company's financial health and its ability to meet its short-term obligations.
Peer comparison
Dec 31, 2023