Acushnet Holdings Corp (GOLF)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 53,059 | 65,435 | 58,904 | 281,677 | 151,452 |
| Short-term investments | US$ in thousands | — | 452 | — | — | — |
| Total current liabilities | US$ in thousands | 472,707 | 451,135 | 548,625 | 483,024 | 357,679 |
| Cash ratio | 0.11 | 0.15 | 0.11 | 0.58 | 0.42 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($53,059K
+ $—K)
÷ $472,707K
= 0.11
The cash ratio of Acushnet Holdings Corp has fluctuated over the years. As of December 31, 2020, the cash ratio stood at 0.42, indicating that the company had $0.42 of cash and cash equivalents for every dollar of current liabilities. By December 31, 2021, the cash ratio improved to 0.58, suggesting an increase in the company's ability to cover its short-term obligations with its available cash resources.
However, the cash ratio decreased significantly to 0.11 by December 31, 2022, signaling a potential liquidity concern as the company may have limited cash on hand relative to its current liabilities. The ratio slightly improved to 0.15 by December 31, 2023, but remained relatively low compared to the previous years.
By December 31, 2024, the cash ratio reverted back to 0.11, which may indicate ongoing challenges in managing the company's liquidity position. Overall, the fluctuating trend of the cash ratio highlights the importance of closely monitoring Acushnet Holdings Corp's cash management practices to ensure adequate liquidity to meet its short-term financial obligations.
Peer comparison
Dec 31, 2024