Fox Factory Holding Corp (FOXF)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 71,674 | 83,642 | 145,250 | 179,686 | 245,764 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 259,780 | 207,550 | 258,889 | 229,862 | 165,389 |
| Cash ratio | 0.28 | 0.40 | 0.56 | 0.78 | 1.49 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($71,674K
+ $—K)
÷ $259,780K
= 0.28
The cash ratio of Fox Factory Holding Corp has been declining over the years, indicating a decrease in its ability to cover its short-term liabilities solely with cash and cash equivalents. From 1.49 in December 2020 to 0.28 in December 2024, this downward trend may signal potential liquidity challenges or inefficiencies in managing cash resources. It is important for the company to closely monitor and improve its cash management to ensure it has sufficient liquid assets to meet its obligations as they come due.
Peer comparison
Dec 31, 2024