Hasbro Inc (HAS)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 694,700 | 544,800 | 513,100 | 1,019,200 | 1,449,680 |
| Short-term investments | US$ in thousands | 300 | -0 | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,401,300 | 2,056,400 | 2,189,700 | 2,455,900 | 2,403,340 |
| Quick ratio | 0.50 | 0.26 | 0.23 | 0.42 | 0.60 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($694,700K
+ $300K
+ $—K)
÷ $1,401,300K
= 0.50
The quick ratio is a measure of a company's ability to meet its short-term obligations using its most liquid assets. For Hasbro Inc, the quick ratio has shown some fluctuations over the past five years.
As of December 31, 2020, the quick ratio was 0.60, indicating that Hasbro had $0.60 of liquid assets available to cover each dollar of its current liabilities. The ratio decreased to 0.42 by December 31, 2021, suggesting a potential deterioration in its short-term liquidity position.
By December 31, 2022, the quick ratio further declined to 0.23, showing a significant decrease in liquidity compared to the previous years. However, there was a slight improvement by December 31, 2023, with the quick ratio increasing to 0.26.
Finally, as of December 31, 2024, the quick ratio improved to 0.50, indicating that Hasbro had enhanced its ability to meet its short-term obligations using its most liquid assets.
Overall, fluctuations in the quick ratio over the five-year period suggest varying levels of liquidity management by Hasbro Inc. It is essential for investors and stakeholders to monitor this ratio to assess the company's short-term liquidity position and financial health.