Hasbro Inc (HAS)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 694,700 | 544,800 | 513,100 | 1,019,200 | 1,449,680 |
| Short-term investments | US$ in thousands | 300 | -0 | — | — | — |
| Total current liabilities | US$ in thousands | 1,401,300 | 2,056,400 | 2,189,700 | 2,455,900 | 2,403,340 |
| Cash ratio | 0.50 | 0.26 | 0.23 | 0.42 | 0.60 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($694,700K
+ $300K)
÷ $1,401,300K
= 0.50
The cash ratio of Hasbro Inc has shown fluctuations over the past five years. As of December 31, 2020, the cash ratio was 0.60, indicating that the company had $0.60 in cash and cash equivalents for every $1 of current liabilities. However, by December 31, 2021, the cash ratio decreased to 0.42, signaling a decrease in the company's ability to cover its short-term obligations with available cash.
Subsequently, the cash ratio further declined to 0.23 by December 31, 2022, suggesting a decrease in liquidity and potential challenges in meeting short-term obligations solely from cash reserves. However, there was a slight improvement in the cash ratio by December 31, 2023, as it increased to 0.26, although it remains relatively low compared to previous years.
Notably, by December 31, 2024, the cash ratio rebounded to 0.50, indicating an improvement in the company's liquidity position and its ability to cover short-term liabilities with cash on hand. Overall, these fluctuations in the cash ratio over the past five years highlight the importance of monitoring Hasbro Inc's cash position and its ability to meet immediate financial obligations.