National Vision Holdings Inc (EYE)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 86,854 | 80,940 | 78,904 | — | 79,892 | — | — | — | 55,697 | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.60 | 0.93 | 0.95 | 0.71 | 0.90 | 0.79 | 0.73 | 0.91 | 1.05 | 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($149,896K
+ $—K
+ $86,854K)
÷ $397,700K
= 0.60
The quick ratio of National Vision Holdings Inc has shown fluctuations over the past few periods. It indicates the company's ability to meet its short-term obligations using its most liquid assets. A quick ratio below 1 suggests that the company may have difficulty meeting its short-term liabilities.
In the most recent period ending December 31, 2023, the quick ratio was 0.60, which has decreased from the previous quarter where it was 0.93 on September 30, 2023. The declining trend in the quick ratio may signal potential liquidity challenges for the company in the short term.
It is important to note that a quick ratio of less than 1 does not always indicate financial distress, as it depends on the industry and the company's specific circumstances. However, investors and stakeholders may want to monitor National Vision Holdings Inc's liquidity position closely, especially given the recent downward trend in the quick ratio.
Peer comparison
Dec 31, 2023