Fox Factory Holding Corp (FOXF)
Cash 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 and cash equivalents | US$ in thousands | 71,674 | 89,241 | 82,246 | 69,583 | 83,642 | 90,631 | 105,440 | 91,892 | 145,250 | 153,137 | 108,637 | 68,773 | 179,686 | 319,342 | 274,976 | 291,471 | 245,764 | 278,246 | 217,965 | 76,182 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 259,780 | 252,714 | 252,827 | 223,025 | 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 |
| Cash ratio | 0.28 | 0.35 | 0.33 | 0.31 | 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 |
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 fluctuated over the past few years, indicating changes in the company's liquidity position. The ratio, which represents the company's ability to cover its current liabilities with cash and cash equivalents, ranged between 0.24 and 1.84 during the period from March 31, 2020, to December 31, 2024.
The lowest cash ratio of 0.24 was observed on March 31, 2022, suggesting a relatively lower level of cash and cash equivalents available to cover its short-term obligations. On the other hand, the highest ratio of 1.84 was recorded on June 30, 2020, indicating a significant improvement in liquidity at that point in time.
Overall, the cash ratio of Fox Factory Holding Corp has displayed some variability, with fluctuations that may be influenced by factors such as the company's cash management practices, operating cash flows, investment decisions, and debt levels. Investors and stakeholders should continue to monitor the company's liquidity position to assess its ability to meet its short-term financial obligations.
Peer comparison
Dec 31, 2024