Hayward Holdings Inc (HAYW)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 196,589 | 178,097 | 56,177 | 265,796 | 114,900 |
| Short-term investments | US$ in thousands | 0 | 25,000 | 0 | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 312,982 | 239,683 | 232,410 | 303,864 | 218,600 |
| Quick ratio | 0.63 | 0.85 | 0.24 | 0.87 | 0.53 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($196,589K
+ $0K
+ $—K)
÷ $312,982K
= 0.63
Hayward Holdings Inc's quick ratio shows a fluctuating trend over the past five years. The ratio stood at 0.53 as of December 31, 2020, indicating that the company had $0.53 in liquid assets available to cover each dollar of its current liabilities.
Subsequently, there was a significant improvement in the quick ratio to 0.87 by December 31, 2021, suggesting a better ability to meet its short-term obligations with quick assets. However, this was followed by a steep decline in the quick ratio to 0.24 by December 31, 2022, indicating a potential liquidity strain.
The ratio recovered to 0.85 as of December 31, 2023, showing a positive turnaround in liquidity position. Lastly, as of December 31, 2024, the quick ratio decreased slightly to 0.63, indicating that the company may have slightly fewer liquid assets available to cover its current liabilities.
Overall, the fluctuating nature of Hayward Holdings Inc's quick ratio over the years highlights the importance of closely monitoring the company's liquidity position and ability to meet short-term obligations with readily available assets.
Peer comparison
Dec 31, 2024