Haverty Furniture Companies Inc (HVT)
Cash 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 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 120,635 | 134,303 | 109,143 | 120,170 | 123,126 | 137,226 | 143,454 | 162,340 | 166,146 | 225,674 | 235,344 | 210,124 | 200,058 | 211,849 | 151,055 | 84,570 | 75,739 | 89,528 | 56,094 | 72,951 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 138,264 | 151,406 | 144,475 | 138,566 | 154,432 | 192,746 | 208,516 | 213,742 | 210,377 | 245,800 | 234,830 | 214,928 | 204,041 | 202,069 | 157,363 | 146,753 | 127,016 | 132,793 | 112,094 | 112,448 |
| Cash ratio | 0.87 | 0.89 | 0.76 | 0.87 | 0.80 | 0.71 | 0.69 | 0.76 | 0.79 | 0.92 | 1.00 | 0.98 | 0.98 | 1.05 | 0.96 | 0.58 | 0.60 | 0.67 | 0.50 | 0.65 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($120,635K
+ $—K)
÷ $138,264K
= 0.87
The cash ratio of Haverty Furniture Cos., Inc. has been fluctuating over the past eight quarters. The cash ratio measures the company's ability to cover its short-term obligations with its cash and cash equivalents.
In Q4 2023 and Q1 2023, the cash ratio was relatively stable at 1.09, indicating that the company had enough cash on hand to cover its current liabilities. This suggests a healthy liquidity position during those periods.
In Q3 2023, the cash ratio decreased slightly to 1.07, but it still remained above 1, indicating that the company continued to have a strong ability to meet its short-term obligations with cash.
However, in Q2 2023, the cash ratio declined to 0.94, which may raise concerns about the company's liquidity position during that period. It suggests that the company may have had relatively less cash available to cover its immediate liabilities.
Comparing these recent quarters to the same quarters in the previous year, we see an improvement in Q4 2023 compared to Q4 2022 when the ratio was 0.98. The trend shows an overall improvement in liquidity from the previous year.
Overall, the cash ratio of Haverty Furniture Cos., Inc. has shown some variability but has generally indicated a strong liquidity position, with the company capable of meeting its short-term obligations with its available cash reserves.
Peer comparison
Dec 31, 2023