Floor & Decor Holdings Inc (FND)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,316,640 | 1,457,480 | 1,273,340 | 1,040,460 | 701,486 |
| Total current liabilities | US$ in thousands | 1,152,010 | 1,006,760 | 1,032,020 | 698,836 | 552,541 |
| Current ratio | 1.14 | 1.45 | 1.23 | 1.49 | 1.27 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,316,640K ÷ $1,152,010K
= 1.14
Floor & Decor Holdings Inc's current ratio has displayed some fluctuations over the past five years. The current ratio indicates the company's ability to meet its short-term liabilities with its current assets.
In 2023, the current ratio of 1.14 suggests that the company may have slightly decreased liquidity compared to the previous year. This could be an indicator that the company may face challenges in meeting its short-term obligations as effectively as in 2022.
Comparing the current ratio to 2021, there was a slight improvement in liquidity in 2022, indicated by the higher current ratio of 1.45. This improvement could be a result of better management of current assets and liabilities during that period.
In 2020, the current ratio was relatively high at 1.49, indicating a strong ability to cover short-term obligations with current assets. This may suggest the company had a robust liquidity position in that year.
Conversely, in 2019, the current ratio was at 1.27, lower than in the following years. This could indicate a slightly weaker liquidity position.
Overall, while the current ratio has varied over the years, it is important to consider additional financial metrics and qualitative factors when assessing Floor & Decor Holdings Inc's overall financial health and liquidity position.
Peer comparison
Dec 31, 2023