Hayward Holdings Inc (HAYW)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 178,097 | 56,177 | 265,796 |
| Short-term investments | US$ in thousands | 25,000 | 0 | — |
| Total current liabilities | US$ in thousands | 239,683 | 232,410 | 303,864 |
| Cash ratio | 0.85 | 0.24 | 0.87 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($178,097K
+ $25,000K)
÷ $239,683K
= 0.85
The cash ratio of Hayward Holdings Inc has shown varying trends over the past three years. As of December 31, 2023, the cash ratio stands at 0.95, indicating that the company has $0.95 in cash and cash equivalents for every $1 of current liabilities. This represents an improvement from the previous year's ratio of 0.40 as of December 31, 2022.
In contrast, the cash ratio was higher at 1.02 as of December 31, 2021, suggesting that the company had stronger liquidity position at that time compared to the most recent year. Overall, while the cash ratio has increased from the prior year, it still indicates that Hayward Holdings Inc may need to further bolster its cash reserves to comfortably meet its short-term obligations.
Peer comparison
Dec 31, 2023