Floor & Decor Holdings Inc (FND)
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 | 187,669 | 180,771 | 138,063 | 57,426 | 34,382 | 61,628 | 4,171 | 5,034 | 9,794 | 7,687 | 6,177 | 31,828 | 139,444 | 330,085 | 366,093 | 354,051 | 307,772 | 271,126 | 134,420 | 289,931 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,244,190 | 1,193,020 | 1,149,190 | 1,073,640 | 1,152,010 | 1,174,380 | 1,116,180 | 1,006,530 | 1,006,760 | 1,061,430 | 1,197,280 | 1,093,320 | 1,032,020 | 1,011,990 | 860,214 | 672,978 | 698,836 | 618,918 | 533,690 | 506,497 |
| Cash ratio | 0.15 | 0.15 | 0.12 | 0.05 | 0.03 | 0.05 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.03 | 0.14 | 0.33 | 0.43 | 0.53 | 0.44 | 0.44 | 0.25 | 0.57 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($187,669K
+ $—K)
÷ $1,244,190K
= 0.15
The cash ratio of Floor & Decor Holdings Inc has fluctuated over the past few years. The ratio measures the company's ability to cover its short-term liabilities with its available cash and cash equivalents.
From March 31, 2020, to March 31, 2024, the cash ratio ranged from 0.57 to 0.00. Initially, the ratio was relatively high at 0.57 in March 2020, indicating the company had a significant amount of cash on hand relative to its current liabilities. However, the ratio decreased significantly by June 2022 to just 0.01, indicating a decline in the company's ability to cover its short-term obligations with cash.
Subsequently, the cash ratio remained relatively low, mostly fluctuating around 0.01 to 0.15, with slight improvements in the later periods. The ratio saw a slight increase to 0.15 by December 31, 2024, suggesting some improvement in the company's liquidity position.
Overall, the trend in Floor & Decor Holdings Inc's cash ratio indicates some fluctuations in its liquidity position over the years, with periods of both strength and weakness. Investors and stakeholders may closely monitor this ratio to assess the company's ability to meet its short-term obligations using its available cash resources.
Peer comparison
Dec 31, 2024