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