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