Hayward Holdings Inc (HAYW)

Current 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
Total current assets US$ in thousands 724,741 642,897 633,710 678,374 612,284 562,248 708,900 758,195 750,521 689,751 627,000 548,000
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
Current ratio 3.02 3.25 3.14 3.48 2.63 2.45 2.29 2.37 2.47 2.47 2.38 2.34

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 been consistently strong over the past eight quarters, ranging from 2.29 to 3.48. The company's current assets have consistently exceeded its current liabilities by a significant margin, indicating a healthy liquidity position.

The current ratio peaked at 3.48 in Q1 2023, reflecting a substantial increase in current assets relative to current liabilities. This suggests that the company has ample short-term resources to meet its financial obligations.

Despite some fluctuations in the current ratio over the quarters, it generally remained above 2, indicating that Hayward Holdings Inc has a strong ability to cover its short-term liabilities with its current assets. This favorable liquidity position can provide the company with flexibility in managing its working capital and meeting its short-term obligations.

Overall, Hayward Holdings Inc's current ratio trend indicates a robust liquidity position and effective management of short-term assets and liabilities.


Peer comparison

Dec 31, 2023