Hayward Holdings Inc (HAYW)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Total current assets | US$ in thousands | 724,741 | 612,284 | 750,521 |
| Total current liabilities | US$ in thousands | 239,683 | 232,410 | 303,864 |
| Current ratio | 3.02 | 2.63 | 2.47 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $724,741K ÷ $239,683K
= 3.02
Hayward Holdings Inc's current ratio has shown a consistent improvement over the past three years. As of December 31, 2023, the current ratio stands at 3.02, reflecting a healthier liquidity position compared to the ratios of 2.63 and 2.47 reported in 2022 and 2021, respectively.
A current ratio of 3.02 indicates that the company has $3.02 in current assets available to cover each dollar of current liabilities. This suggests that Hayward Holdings Inc is in a strong position to meet its short-term obligations and indicates a good level of financial health and liquidity. The increasing trend in the current ratio over the years is generally a positive sign, showing an improvement in the company's ability to cover its short-term liabilities with its current assets.
Overall, based on the current ratio trend, Hayward Holdings Inc appears to be managing its current assets and liabilities effectively, which may reflect positively on its financial management and operational efficiency.
Peer comparison
Dec 31, 2023