Fox Factory Holding Corp (FOXF)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 281,813 | 299,609 | 289,506 | 271,183 |
| 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 |
| Current ratio | 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 | 3.07 | 2.92 | 2.73 | 2.39 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $768,055K ÷ $207,550K
= 3.70
The current ratio of Fox Factory Holding Corp has shown variability over the past five years. The ratio measures the company's ability to cover its short-term liabilities with its current assets. A higher current ratio indicates a stronger liquidity position.
The current ratio has generally been above 3, which suggests that Fox Factory Holding Corp has had more than enough current assets to cover its short-term obligations. The ratio trended upwards from December 2019 to June 2020, reaching a peak of 4.23, indicating a robust liquidity position at that time. Subsequently, it fluctuated but generally remained above 3 until March 2023.
However, the ratio decreased to 2.84 in March 2020, which may have signaled a temporary dip in liquidity. It then peaked at 4.08 in June 2023, indicating an improvement in the company's ability to meet short-term obligations.
Overall, the current ratio analysis suggests that Fox Factory Holding Corp has mostly maintained a healthy liquidity position over the years, although some fluctuations have occurred. Investors and analysts should continue monitoring the current ratio to assess the company's ongoing liquidity risk management.
Peer comparison
Dec 31, 2023