Fox Factory Holding Corp (FOXF)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 727,680 | 811,169 | 791,720 | 765,463 | 768,055 | 737,223 | 846,722 | 881,669 | 797,674 | 877,142 | 920,859 | 855,529 | 724,670 | 778,945 | 723,229 | 650,853 | 581,969 | 559,635 | 500,184 | 394,186 |
| 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 |
| Current ratio | 2.80 | 3.21 | 3.13 | 3.43 | 3.70 | 3.85 | 4.08 | 3.48 | 3.08 | 3.31 | 3.38 | 3.05 | 3.15 | 2.89 | 2.91 | 3.29 | 3.52 | 3.22 | 4.23 | 2.84 |
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 fluctuated over the period provided in the financial data. As of December 31, 2024, the current ratio stood at 2.80, which indicates that the company had $2.80 in current assets for every $1 in current liabilities. This ratio has decreased from the previous quarters where it ranged between 2.80 and 4.23.
A current ratio above 1 suggests that a company has more current assets than current liabilities, indicating good short-term financial health and the ability to cover its short-term obligations. However, a higher current ratio may also imply that the company is not efficiently utilizing its current assets.
While a current ratio of 2.80 is above the threshold of 1, indicating a comfortable position in meeting short-term obligations, it is essential for management to monitor the trend of this ratio over time to ensure that the company maintains a healthy liquidity position. A decreasing trend in the current ratio may raise concerns about the company's ability to manage its short-term financial obligations effectively. Further analysis and consideration of other financial metrics are recommended to gain a comprehensive understanding of Fox Factory Holding Corp's financial health.
Peer comparison
Dec 31, 2024