Hayward Holdings Inc (HAYW)
Quick ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 196,589 | 274,184 | 215,056 | 115,873 | 178,097 | 244,245 | 205,002 | 41,027 | 56,177 | 72,907 | 108,965 | 118,157 | 265,796 | 295,077 | 251,900 | 13,800 | 114,900 | — | — | -47,200 |
| Short-term investments | US$ in thousands | 0 | 0 | 4,743 | 0 | 25,000 | — | — | — | 0 | — | — | — | — | — | — | — | — | — | — | 94,400 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 312,982 | 248,175 | 235,440 | 214,041 | 239,683 | 197,882 | 202,038 | 195,053 | 232,410 | 229,322 | 310,143 | 319,764 | 303,864 | 279,077 | 263,100 | 234,600 | 218,600 | — | — | — |
| Quick ratio | 0.63 | 1.10 | 0.93 | 0.54 | 0.85 | 1.23 | 1.01 | 0.21 | 0.24 | 0.32 | 0.35 | 0.37 | 0.87 | 1.06 | 0.96 | 0.06 | 0.53 | — | — | — |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($196,589K
+ $0K
+ $—K)
÷ $312,982K
= 0.63
Based on the provided data, the quick ratio of Hayward Holdings Inc has fluctuated over the reporting periods. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
Hayward Holdings Inc quick ratio was consistently below 1 in the early part of the data series, indicating potential difficulties in meeting its short-term liabilities with its quick assets alone. However, from June 30, 2021, the quick ratio improved significantly, surpassing the ideal threshold of 1, suggesting better liquidity and ability to cover short-term liabilities with its quick assets.
The quick ratio peaked at 1.23 on September 30, 2023, indicating a strong ability to cover short-term obligations. However, there were subsequent fluctuations in the quick ratio, with a decline to 0.63 by December 31, 2024. This decrease may raise concerns about the company's ability to meet short-term obligations without relying on selling inventory or obtaining additional financing.
Overall, the trend in the quick ratio of Hayward Holdings Inc shows improvements in liquidity from mid-2021 to mid-2023, but the ratio decreased towards the end of the reporting periods. It would be essential for investors and stakeholders to monitor the company's liquidity position and assess the effectiveness of its short-term asset management strategies in the future.
Peer comparison
Dec 31, 2024