Hasbro Inc (HAS)
Quick 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 | 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 |
| Receivables | US$ in thousands | 1,029,300 | 1,102,000 | 877,000 | — | 1,132,400 | 1,188,800 | 870,500 | 931,700 | 1,500,400 | 1,476,600 | 865,900 | 810,400 | 1,391,730 | 1,438,360 | 911,320 | 963,823 | 1,410,600 | 1,416,880 | 805,288 | 638,417 |
| 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 |
| Quick ratio | 0.77 | 0.64 | 0.56 | 0.20 | 0.74 | 0.74 | 0.68 | 0.95 | 1.00 | 1.08 | 1.02 | 1.28 | 1.18 | 1.11 | 0.98 | 1.27 | 4.79 | 1.71 | 1.85 | 1.96 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($544,800K
+ $—K
+ $1,029,300K)
÷ $2,056,400K
= 0.77
The quick ratio measures a company's ability to meet its short-term obligations using its most liquid assets. In the case of Hasbro, Inc., the quick ratio has fluctuated over the past eight quarters.
The quick ratio for Q4 2023 is 0.97, indicating that Hasbro may face some challenges in meeting its short-term obligations with its liquid assets alone. This is a slight improvement from the previous quarter's quick ratio of 0.78, suggesting a better liquidity position.
Comparing Q4 2023 to the same quarter in the previous year (Q4 2022), the quick ratio has decreased from 1.06 to 0.97. This could indicate that Hasbro's liquidity has weakened over the year.
Overall, the trend of the quick ratio for Hasbro, Inc. shows some variability, but it is important to consider other factors and ratios in conjunction with the quick ratio to gain a comprehensive understanding of the company's liquidity position.