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

Company name
Symbol
Quick ratio
National Vision Holdings Inc
EYE
0.60
STAAR Surgical Company
STAA
4.89
The Cooper Companies Inc.
COO
0.81