Floor & Decor Holdings Inc (FND)
Cash 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 and cash equivalents | US$ in thousands | 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 | 27,037 | 84,106 | 51,450 | 451 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 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 | 552,541 | 492,432 | 424,638 | 398,349 |
| Cash ratio | 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 | 0.05 | 0.17 | 0.12 | 0.00 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($34,382K
+ $—K)
÷ $1,152,010K
= 0.03
Floor & Decor Holdings Inc's cash ratio has fluctuated over the past few years, with a general downward trend observed. The cash ratio, which measures the company's ability to cover its current liabilities with cash and cash equivalents, was relatively low in the most recent period, standing at 0.03. This indicates that the company may have limited liquid assets available to meet its short-term obligations at the end of December 2023.
It is worth noting that there were periods where the cash ratio was higher, such as in June 2021 and March 2021, when it reached levels of 0.43 and 0.53, respectively. During these periods, the company had a stronger ability to cover its short-term liabilities with cash on hand.
Overall, the downward trend in the cash ratio may raise concerns about Floor & Decor Holdings Inc's liquidity position and its ability to meet short-term financial obligations. Investors and stakeholders may need to closely monitor the company's liquidity management strategies to ensure the sustainability of its operations.
Peer comparison
Dec 31, 2023