National Vision Holdings Inc (EYE)
Quick 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 | 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 | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($73,948K
+ $—K
+ $—K)
÷ $468,274K
= 0.16
The quick ratio of National Vision Holdings Inc has shown fluctuations over the past few years, indicating changes in the company's liquidity position. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
Between March 31, 2020, and March 31, 2021, the quick ratio improved steadily, reaching a peak of 1.26, indicating a strong ability to cover short-term liabilities with liquid assets. However, there was a slight dip in the ratio by June 30, 2021, at 1.10.
Subsequently, the quick ratio experienced some volatility with fluctuations between 0.73 and 1.26 over the following quarters up to December 31, 2022. This suggests potential challenges in managing short-term obligations during this period.
From March 31, 2023, to December 31, 2024, the quick ratio declined significantly, reaching a low of 0.16 by December 31, 2024. This substantial drop may raise concerns about the company's ability to meet its immediate liabilities with its quick assets efficiently.
Overall, the trend in National Vision Holdings Inc's quick ratio shows varying levels of liquidity and highlights the importance of closely monitoring the company's short-term financial health and ability to address upcoming obligations.
Peer comparison
Dec 31, 2024