Hasbro Inc (HAS)
Cash ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 544,800 | 184,400 | 211,700 | 386,200 | 498,600 | 545,500 | 586,300 | 1,019,100 | 983,400 | 1,181,200 | 1,228,200 | 1,430,400 | 1,449,700 | 1,132,400 | 1,038,000 | 1,237,900 | 4,580,370 | 1,060,430 | 1,151,040 | 1,196,630 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | -35,800 | — | — | — | — | 5 | 16 | — | 25,518 | 24,916 | 24,358 | 24,188 |
| Total current liabilities | US$ in thousands | 2,056,400 | 2,024,200 | 1,950,400 | 1,897,400 | 2,189,700 | 2,356,900 | 2,158,200 | 2,043,000 | 2,455,900 | 2,450,400 | 2,045,600 | 1,753,400 | 2,403,300 | 2,315,600 | 1,981,600 | 1,738,600 | 1,257,080 | 1,466,740 | 1,072,700 | 948,725 |
| Cash ratio | 0.26 | 0.09 | 0.11 | 0.20 | 0.23 | 0.23 | 0.27 | 0.50 | 0.39 | 0.48 | 0.60 | 0.82 | 0.60 | 0.49 | 0.52 | 0.71 | 3.66 | 0.74 | 1.10 | 1.29 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($544,800K
+ $—K)
÷ $2,056,400K
= 0.26
The cash ratio of Hasbro, Inc. has shown some variability over the past eight quarters, ranging from a low of 0.23 in Q3 2023 to a high of 0.82 in Q1 2022. The cash ratio measures a company's ability to cover its short-term liabilities with its available cash and cash equivalents. A higher cash ratio indicates a stronger ability to cover these liabilities.
In general, Hasbro's cash ratio seems to have fluctuated, with no clear upward or downward trend observed over the eight quarters provided. The company's lowest cash ratio of 0.23 in Q3 2023 suggests that it had relatively low cash reserves compared to its short-term obligations at that time.
On the other hand, the highest cash ratio of 0.82 in Q1 2022 indicates that Hasbro had a significant amount of cash on hand relative to its short-term liabilities during that period. This could imply a more conservative financial position or a focus on liquidity management by the company during that quarter.
Overall, while the cash ratio can provide insights into Hasbro's short-term liquidity management, it is important to consider other financial metrics and factors to gain a comprehensive understanding of the company's financial health and performance.