Acushnet Holdings Corp (GOLF)
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 | 973,873 | 1,085,450 | 1,093,520 | 1,174,450 | 996,692 | 1,033,520 | 1,151,550 | 1,266,250 | 1,059,080 | 1,083,020 | 1,070,220 | 1,054,940 | 969,176 | 1,047,960 | 1,033,560 | 923,062 | 799,807 | 787,102 | 838,740 | 829,478 |
| 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 |
| Current ratio | 2.06 | 2.10 | 2.28 | 2.69 | 2.21 | 1.21 | 2.53 | 2.73 | 1.93 | 2.17 | 1.95 | 1.97 | 2.01 | 2.37 | 2.44 | 2.31 | 2.24 | 2.17 | 1.80 | 1.78 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $973,873K ÷ $472,707K
= 2.06
The current ratio of Acushnet Holdings Corp has shown fluctuations over the past few years, ranging from a low of 1.21 on September 30, 2023, to a high of 2.73 on March 31, 2023. This ratio indicates the company's ability to cover its short-term liabilities with its current assets.
Generally, a current ratio above 1 indicates that the company has more current assets than current liabilities, reflecting a good liquidity position. Acushnet's current ratio has generally remained above 1, which is a positive sign.
The current ratio increased steadily from March 31, 2020, to March 31, 2023, showing an improving liquidity position during this period. However, there were fluctuations in the subsequent periods, with the ratio dropping to 1.21 on September 30, 2023, which could be a cause for concern as it indicates a potential liquidity strain.
The company's current ratio recovered in the following quarters, showing resilience and improving liquidity. The current ratio of 2.06 on December 31, 2024, indicates that Acushnet Holdings Corp had more than double the current assets to cover its current liabilities, suggesting a strong liquidity position at the end of 2024.
Overall, while there have been fluctuations in Acushnet Holdings Corp's current ratio over the considered period, the company has generally maintained a healthy liquidity position, with the ratio mostly above 1, indicating its ability to meet short-term obligations with its current assets.
Peer comparison
Dec 31, 2024