Fox Factory Holding Corp (FOXF)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 727,680 | 768,055 | 797,674 | 724,670 | 581,969 |
| Total current liabilities | US$ in thousands | 259,780 | 207,550 | 258,889 | 229,862 | 165,389 |
| Current ratio | 2.80 | 3.70 | 3.08 | 3.15 | 3.52 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $727,680K ÷ $259,780K
= 2.80
The current ratio of Fox Factory Holding Corp has shown consistent strength over the years, reflecting the company's ability to meet its short-term obligations utilizing its current assets. From 2020 to 2024, the current ratio ranged between 2.80 and 3.70, with an average of approximately 3.25. This indicates that for every dollar of current liabilities, the company had $3.25 of current assets available to cover those obligations.
The current ratio remained well above 1 throughout the period, signaling a healthy liquidity position and solvency. A current ratio above 1 suggests that Fox Factory Holding Corp has a comfortable margin of safety in meeting its short-term debts, which can provide stability during periods of economic uncertainty or financial stress.
Although there was a slight dip in the current ratio in 2024 to 2.80, the overall trend suggests a strong liquidity position that enables the company to handle its short-term financial commitments efficiently. It indicates a prudent approach in managing working capital and suggests that Fox Factory Holding Corp is well-positioned to weather short-term financial challenges.
Peer comparison
Dec 31, 2024