Floor & Decor Holdings Inc (FND)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 27,870 | 16,157 | 14,085 | — | 7,325 | 9,867 | 14,188 | — | 3,507 | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.05 | 0.07 | 0.02 | 0.01 | 0.02 | 0.02 | 0.02 | 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($34,382K
+ $—K
+ $27,870K)
÷ $1,152,010K
= 0.05
Floor & Decor Holdings Inc's quick ratio has fluctuated over the past few years, ranging from as low as 0.00 to as high as 0.57. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets, excluding inventory.
Looking at the trend, the quick ratio has generally been low, indicating that the company may have limited ability to cover its current liabilities with its quick assets. This suggests that Floor & Decor Holdings Inc relies more on inventory to meet its short-term obligations compared to cash and equivalents.
However, it's worth noting that the quick ratio improved significantly from the low of 0.01 in March 2023 to 0.57 in March 2020. This improvement suggests that the company may have taken measures to enhance its liquidity position during this period.
Overall, a low quick ratio may indicate potential liquidity challenges for Floor & Decor Holdings Inc, and investors and stakeholders may want to monitor this ratio closely to ensure the company can meet its short-term financial obligations effectively.
Peer comparison
Dec 31, 2023