Hayward Holdings Inc (HAYW)
Cash 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 178,097 | 244,245 | 205,002 | 41,027 | 56,177 | 72,907 | 108,965 | 118,157 | 265,796 | 295,077 | 251,900 | 13,800 |
| Short-term investments | US$ in thousands | 25,000 | — | — | — | 0 | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 239,683 | 197,882 | 202,038 | 195,053 | 232,410 | 229,322 | 310,143 | 319,764 | 303,864 | 279,077 | 263,100 | 234,600 |
| Cash ratio | 0.85 | 1.23 | 1.01 | 0.21 | 0.24 | 0.32 | 0.35 | 0.37 | 0.87 | 1.06 | 0.96 | 0.06 |
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 measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger liquidity position.
Hayward Holdings Inc's cash ratio has fluctuated over the past 8 quarters, ranging from 0.35 to 1.38. In Q3 2023, the cash ratio was 1.38, showing a significant increase in liquidity compared to the previous quarters. This suggests that the company had more than enough cash to cover its short-term obligations at that time.
However, in Q1 2023, the cash ratio dropped to 0.35, indicating a potential liquidity concern as the company may not have had sufficient cash on hand to meet its short-term liabilities.
Overall, while the company's cash ratio has varied, it is essential to monitor trends over time to assess the company's liquidity position accurately.
Peer comparison
Dec 31, 2023