Acushnet Holdings Corp (GOLF)
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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($53,059K
+ $53,005,900K
+ $—K)
÷ $472,707K
= 112.24
The quick ratio of Acushnet Holdings Corp has shown fluctuations over the past several quarters. The quick ratio was relatively low in the earlier periods, with a value of 0.12 as of March 31, 2020, indicating a limited ability to cover its short-term obligations with its most liquid assets.
However, the quick ratio improved gradually and reached its peak at 0.72 as of September 30, 2021, showing a strengthened liquidity position and a better ability to meet its short-term liabilities with quick assets.
Subsequently, the quick ratio experienced some fluctuations but remained above 0.10 until December 31, 2024, where an anomaly occurred with a quick ratio of 112.24. This significant spike may be due to a data entry error or other irregularity, and should be further investigated for accuracy.
Overall, the trend of the quick ratio indicates an enhancement in Acushnet Holdings Corp's liquidity position over the specified period, with some abnormality in the quick ratio on December 31, 2024 that requires attention.
Peer comparison
Dec 31, 2024