Fox Factory Holding Corp (FOXF)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | 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 |
| Quick 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($71,674K
+ $—K
+ $—K)
÷ $259,780K
= 0.28
The quick ratio of Fox Factory Holding Corp has shown some fluctuations over the past few years. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
The quick ratio was relatively low at 0.55 as of March 31, 2020, indicating that the company may have had difficulty meeting its short-term liabilities with its quick assets alone. However, the ratio improved significantly to 1.84 by June 30, 2020, suggesting that the company had enough liquid assets to cover its short-term obligations.
From June 30, 2020, to December 31, 2021, the quick ratio ranged between 1.10 and 1.84, showing a relatively healthy liquidity position. However, towards the end of the period, the quick ratio declined to 0.78 by December 31, 2021.
During the subsequent years, the quick ratio stayed somewhat volatile, hovering between 0.24 and 0.58. This variability indicates fluctuations in the company's ability to cover its short-term liabilities using its quick assets.
Overall, the downward trend in the quick ratio from its peak in mid-2020 to the latest reported figure of 0.28 as of December 31, 2024, suggests a potential liquidity challenge that Fox Factory Holding Corp may need to address to ensure its short-term financial stability.
Peer comparison
Dec 31, 2024