Hawkins Inc (HWKN)
Cash ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 7,153 | 5,741 | 10,974 | 7,050 | 7,566 | 6,146 | 3,924 | 5,995 | 3,496 | 23,438 | 6,802 | 5,222 | 2,998 | 7,969 | 3,160 | 4,510 | 4,277 | 7,265 | 4,056 | 5,607 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 80 | — | — |
| Total current liabilities | US$ in thousands | 103,307 | 79,678 | 94,462 | 94,303 | 90,871 | 84,880 | 90,851 | 88,163 | 101,466 | 75,535 | 71,549 | 66,512 | 70,462 | 59,032 | 58,758 | 56,681 | 62,220 | 51,281 | 53,853 | 55,689 |
| Cash ratio | 0.07 | 0.07 | 0.12 | 0.07 | 0.08 | 0.07 | 0.04 | 0.07 | 0.03 | 0.31 | 0.10 | 0.08 | 0.04 | 0.13 | 0.05 | 0.08 | 0.07 | 0.14 | 0.08 | 0.10 |
March 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($7,153K
+ $—K)
÷ $103,307K
= 0.07
The cash ratio of Hawkins Inc has been fluctuating over the past few quarters. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio is typically preferred as it indicates a stronger ability to meet short-term obligations.
From the data provided, we can see that the cash ratio has ranged from a low of 0.03 to a high of 0.31 in the most recent quarters. The company's cash ratio was relatively stable around 0.07 for a few quarters before experiencing some fluctuations. Notably, there was a significant increase in the cash ratio to 0.31 in the Mar 31, 2022, quarter, indicating a strong cash position relative to short-term liabilities at that time.
However, the cash ratio decreased in subsequent quarters and dropped to 0.03 in the Mar 31, 2022, quarter, which may indicate a potential strain on the company's ability to cover short-term obligations with cash on hand. It's worth noting that the cash ratio improved in the most recent quarter to 0.14, indicating a more favorable position compared to the previous quarters.
Overall, Hawkins Inc's cash ratio shows variability over the periods analyzed, with some fluctuations that may reflect changes in the company's liquidity position. Monitoring the cash ratio trend can provide insights into the company's short-term liquidity management and financial health.
Peer comparison
Mar 31, 2024