Hayward Holdings Inc (HAYW)

Cash ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Cash and cash equivalents US$ in thousands 196,589 178,097 56,177 265,796 114,900
Short-term investments US$ in thousands 0 25,000 0
Total current liabilities US$ in thousands 312,982 239,683 232,410 303,864 218,600
Cash ratio 0.63 0.85 0.24 0.87 0.53

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($196,589K + $0K) ÷ $312,982K
= 0.63

The cash ratio of Hayward Holdings Inc has exhibited fluctuations over the years, ranging from 0.24 to 0.87. In 2020, the company had a cash ratio of 0.53, indicating that it had $0.53 in cash and cash equivalents for every $1 of current liabilities. This ratio improved notably to 0.87 by the end of 2021, showcasing a stronger liquidity position during that period. However, there was a decline in the cash ratio to 0.24 by the end of 2022, suggesting a significant reduction in available cash compared to short-term obligations.

The company managed to recover its liquidity position in 2023, as reflected in the cash ratio of 0.85, which implies improved ability to meet its short-term liabilities with available cash reserves. By the close of 2024, the cash ratio stood at 0.63, indicating that Hayward Holdings Inc had $0.63 in cash and cash equivalents for every $1 of current liabilities, suggesting a somewhat stabilized liquidity position compared to the previous year.

Overall, the fluctuation in the cash ratio of Hayward Holdings Inc over the years highlights the company's varying ability to cover its short-term obligations solely with cash and cash equivalents, underscoring the importance of closely monitoring liquidity management practices for sustainable financial health.


Peer comparison

Dec 31, 2024