Acushnet Holdings Corp (GOLF)
Cash 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 and cash equivalents | US$ in thousands | 53,059 | 99,062 | 80,286 | 48,722 | 65,435 | 56,766 | 62,541 | 57,284 | 58,904 | 108,457 | 109,092 | 114,402 | 281,677 | 320,506 | 251,251 | 113,047 | 151,452 | 110,503 | 111,029 | 55,924 |
| Short-term investments | US$ in thousands | 53,005,900 | — | 553 | 620 | 452 | 997 | 923 | 344 | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 472,707 | 515,712 | 479,187 | 436,077 | 451,135 | 856,197 | 455,999 | 464,327 | 548,625 | 498,813 | 548,201 | 535,904 | 483,024 | 442,679 | 422,813 | 398,797 | 357,679 | 363,154 | 465,376 | 466,387 |
| Cash ratio | 112.24 | 0.19 | 0.17 | 0.11 | 0.15 | 0.07 | 0.14 | 0.12 | 0.11 | 0.22 | 0.20 | 0.21 | 0.58 | 0.72 | 0.59 | 0.28 | 0.42 | 0.30 | 0.24 | 0.12 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($53,059K
+ $53,005,900K)
÷ $472,707K
= 112.24
The cash ratio of Acushnet Holdings Corp has shown fluctuations over the years, ranging from 0.07 to an unusually high value of 112.24 as of December 31, 2024. This ratio measures the company's ability to cover its short-term liabilities with its available cash and cash equivalents.
While a high cash ratio indicates a company has more than enough cash to cover its short-term obligations, the extremely high value of 112.24 on December 31, 2024 may be an outlier or reporting error that needs to be investigated further. On the other hand, a low cash ratio may suggest that the company is not effectively managing its liquidity and may face challenges in meeting its short-term financial obligations.
It is important for investors and analysts to assess the reason behind significant fluctuations in the cash ratio to understand better the financial health and management efficiency of Acushnet Holdings Corp.
Peer comparison
Dec 31, 2024