Hayward Holdings Inc (HAYW)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 766,969 | 724,741 | 612,284 | 750,521 | 424,400 |
| Total current liabilities | US$ in thousands | 312,982 | 239,683 | 232,410 | 303,864 | 218,600 |
| Current ratio | 2.45 | 3.02 | 2.63 | 2.47 | 1.94 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $766,969K ÷ $312,982K
= 2.45
The current ratio of Hayward Holdings Inc has shown a generally positive trend over the past five years, increasing from 1.94 in 2020 to 2.45 in 2024. This indicates that the company's short-term liquidity position has improved, as it has more current assets available to cover its current liabilities.
In particular, the current ratio increased steadily from 2020 to 2023, reaching a peak of 3.02 in 2023, before slightly declining to 2.45 in 2024. While a current ratio above 1 indicates that the company can cover its short-term obligations, the fluctuations in the ratio over the years suggest variations in the company's ability to manage its current assets and liabilities efficiently.
Overall, the upward trend in the current ratio reflects a strengthening liquidity position for Hayward Holdings Inc, demonstrating its ability to meet its short-term financial obligations with relative ease.
Peer comparison
Dec 31, 2024