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