Haverty Furniture Companies Inc (HVT)
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 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 251,593 | 270,931 | 257,472 | 272,320 | 276,253 | 310,087 | 309,405 | 313,130 | 309,057 | 378,521 | 380,589 | 342,700 | 316,244 | 330,976 | 283,007 | 220,183 | 204,523 | 214,613 | 193,841 | 207,758 |
| 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 |
| Current ratio | 1.82 | 1.79 | 1.78 | 1.97 | 1.79 | 1.61 | 1.48 | 1.46 | 1.47 | 1.54 | 1.62 | 1.59 | 1.55 | 1.64 | 1.80 | 1.50 | 1.61 | 1.62 | 1.73 | 1.85 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $251,593K ÷ $138,264K
= 1.82
The current ratio of Haverty Furniture Cos., Inc. has shown a fluctuating trend over the past eight quarters. The ratio has generally been above 1, indicating that the company has had sufficient current assets to cover its current liabilities.
In the most recent quarter, Q4 2023, the current ratio reached 1.82, which is relatively high compared to the previous quarters. This suggests that the company had an improved ability to meet its short-term obligations using its current assets.
Looking back over the past year, the current ratio has shown an increasing trend overall, with some fluctuations in between. The company's liquidity position appears to have strengthened steadily over this period, as indicated by the rising current ratio figures.
Overall, the current ratio analysis suggests that Haverty Furniture Cos., Inc. has managed its current assets and liabilities effectively in the recent quarters, maintaining a healthy liquidity position.
Peer comparison
Dec 31, 2023