Fox Factory Holding Corp (FOXF)
Cash 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 and cash equivalents | US$ in thousands | 83,642 | 90,631 | 105,440 | 91,892 | 145,250 | 153,137 | 108,637 | 68,772 | 179,686 | 319,342 | 274,976 | 291,471 | 245,764 | 278,246 | 217,965 | 76,182 | 43,736 | 31,979 | 39,021 | 38,288 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 207,550 | 191,677 | 207,562 | 253,636 | 258,889 | 265,091 | 272,460 | 280,807 | 229,862 | 269,888 | 248,879 | 198,034 | 165,389 | 173,887 | 118,229 | 138,673 | 91,813 | 102,599 | 106,024 | 113,696 |
| Cash ratio | 0.40 | 0.47 | 0.51 | 0.36 | 0.56 | 0.58 | 0.40 | 0.24 | 0.78 | 1.18 | 1.10 | 1.47 | 1.49 | 1.60 | 1.84 | 0.55 | 0.48 | 0.31 | 0.37 | 0.34 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($83,642K
+ $—K)
÷ $207,550K
= 0.40
The cash ratio for Fox Factory Holding Corp has shown fluctuation over the past several quarters. The ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations.
In the most recent quarter, the cash ratio was 0.40, indicating that the company had $0.40 in cash and cash equivalents for every $1 of current liabilities. This suggests a moderate liquidity position but may be lower than ideal for some stakeholders.
The trend over the past several quarters has been varied, with the ratio reaching its peak at 1.84 in the second quarter of 2020 and its low at 0.24 in the first quarter of 2022. This variability could signal fluctuations in the company's cash holdings and short-term liabilities.
Overall, the company's cash ratio has fluctuated, indicating varying levels of liquidity over time. It is important for stakeholders to monitor this ratio to assess the company's ability to meet its short-term obligations and manage its cash resources effectively.
Peer comparison
Dec 31, 2023