Floor & Decor Holdings Inc (FND)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | 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 |
| Quick 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($187,669K
+ $—K
+ $—K)
÷ $1,244,190K
= 0.15
The quick ratio of Floor & Decor Holdings Inc has shown fluctuations over the period analyzed. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
The quick ratio started at 0.57 as of March 31, 2020, indicating that the company had $0.57 of liquid assets available for every $1 of current liabilities. However, it decreased significantly to 0.25 by June 30, 2020, suggesting a potential liquidity issue.
From June 2020 to June 2021, the quick ratio fluctuated between 0.25 and 0.53, showing some improvement but remaining below 1, which could indicate a potential risk in meeting short-term obligations.
By December 31, 2021, the quick ratio dropped to 0.14, raising concerns about the company's ability to cover its current liabilities with its liquid assets. The ratio remained low at 0.01 as of June 30, 2022, signaling a continued challenge in liquidity management.
From September 2022 to December 2024, the quick ratio ranged between 0.01 and 0.15, displaying some variability but generally remaining at low levels. A quick ratio below 1 suggests that the company may have difficulties in meeting its short-term obligations.
Overall, the trend in Floor & Decor Holdings Inc's quick ratio indicates periods of inadequate liquidity, which could pose challenges in meeting its short-term financial obligations. Investors and stakeholders should closely monitor the company's liquidity position to assess its ability to manage short-term financial responsibilities.
Peer comparison
Dec 31, 2024