Floor & Decor Holdings Inc (FND)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,492,380 | 1,316,640 | 1,457,480 | 1,273,340 | 1,040,460 |
| Total current liabilities | US$ in thousands | 1,244,190 | 1,152,010 | 1,006,760 | 1,032,020 | 698,836 |
| Current ratio | 1.20 | 1.14 | 1.45 | 1.23 | 1.49 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,492,380K ÷ $1,244,190K
= 1.20
Floor & Decor Holdings Inc's current ratio has fluctuated over the past five years. It was 1.49 at the end of December 31, 2020, indicating that the company had $1.49 in current assets for every $1 in current liabilities. However, by the end of December 31, 2021, the current ratio had decreased to 1.23, suggesting a slight decrease in the company's ability to cover its short-term obligations.
The current ratio improved in the following year, reaching 1.45 as of December 31, 2022, reflecting a stronger liquidity position. Subsequently, by the end of December 31, 2023, the current ratio dropped to 1.14, indicating a potential liquidity challenge as the company may have had fewer current assets relative to its current liabilities.
As of December 31, 2024, the current ratio increased slightly to 1.20, though it remained below the levels seen in previous years. Overall, Floor & Decor Holdings Inc's current ratio has shown some variability, signaling fluctuations in its ability to meet its short-term financial obligations with its current assets. Continued monitoring of this ratio is advisable to assess the company's liquidity and financial health.
Peer comparison
Dec 31, 2024