Hasbro Inc (HAS)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,323,600 | 3,240,100 | 2,509,000 | 2,539,200 | 2,999,100 | 3,260,500 | 3,085,400 | 3,255,300 | 3,728,100 | 3,730,400 | 3,616,400 | 3,236,000 | 3,846,600 | 3,759,000 | 3,185,700 | 3,318,500 | 6,747,520 | 3,413,130 | 2,830,100 | 2,631,860 |
| 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 |
| Current ratio | 1.13 | 1.60 | 1.29 | 1.34 | 1.37 | 1.38 | 1.43 | 1.59 | 1.52 | 1.52 | 1.77 | 1.85 | 1.60 | 1.62 | 1.61 | 1.91 | 5.37 | 2.33 | 2.64 | 2.77 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,323,600K ÷ $2,056,400K
= 1.13
The current ratio measures a company's ability to cover its short-term obligations with its current assets. A ratio above 1 indicates that a company has more current assets than current liabilities, which is generally considered a good sign of liquidity.
Hasbro, Inc.'s current ratio has fluctuated over the past eight quarters, with values ranging from 1.13 to 1.60. This indicates some variability in the company's ability to meet its short-term obligations with its current assets.
In Q3 2023, Hasbro's current ratio was 1.60, which was the highest among the quarters presented. This suggests that the company had a higher level of current assets relative to current liabilities during that period, indicating improved liquidity.
Conversely, in Q4 2023, the current ratio decreased to 1.13, the lowest value in the data set. This lower ratio may imply a potential liquidity challenge in that quarter, as the company's current assets may have been insufficient to cover short-term liabilities.
Overall, while Hasbro's current ratio has shown some variability, it has generally remained above 1 in most quarters, indicating that the company has had sufficient current assets to meet its short-term obligations. However, investors and stakeholders may want to monitor these fluctuations to assess the company's liquidity position over time.