Floor & Decor Holdings Inc (FND)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,316,640 | 1,336,100 | 1,335,530 | 1,328,470 | 1,457,480 | 1,497,090 | 1,511,270 | 1,322,480 | 1,273,340 | 1,294,210 | 1,165,440 | 1,061,880 | 1,040,460 | 973,969 | 829,981 | 950,995 | 701,486 | 643,709 | 564,014 | 527,398 |
| 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 |
| Current ratio | 1.14 | 1.14 | 1.20 | 1.32 | 1.45 | 1.41 | 1.26 | 1.21 | 1.23 | 1.28 | 1.35 | 1.58 | 1.49 | 1.57 | 1.56 | 1.88 | 1.27 | 1.31 | 1.33 | 1.32 |
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 shown fluctuations over the past few quarters. The current ratio compares a company's current assets to its current liabilities, providing insight into its ability to cover short-term financial obligations. In the most recent quarter, as of December 31, 2023, the current ratio was 1.14, indicating that the company had $1.14 in current assets for every $1 in current liabilities. This suggests a slight decline in liquidity compared to the previous quarter.
Looking at the trend over the past five quarters, the current ratio has generally been above 1, indicating that the company has had sufficient current assets to cover its short-term liabilities. However, the ratio has been gradually decreasing since its peak of 1.88 in March 2020. This downward trend may raise concerns about the company's ability to meet its short-term obligations in the future if the trend continues.
Overall, while the current ratio of Floor & Decor Holdings Inc remains above 1, indicating liquidity, investors and analysts may want to monitor the trend closely to ensure the company's ability to manage its current liabilities effectively in the long run.
Peer comparison
Dec 31, 2023