Hawkins Inc (HWKN)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 202,826 | 195,004 | 207,253 | 226,455 | 232,044 | 240,248 | 251,575 | 253,622 | 227,738 | 209,478 | 169,675 | 167,772 | 163,007 | 155,469 | 142,581 | 140,405 | 131,031 | 127,049 | 133,104 | 138,103 |
| 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 |
| Current ratio | 1.96 | 2.45 | 2.19 | 2.40 | 2.55 | 2.83 | 2.77 | 2.88 | 2.24 | 2.77 | 2.37 | 2.52 | 2.31 | 2.63 | 2.43 | 2.48 | 2.11 | 2.48 | 2.47 | 2.48 |
March 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $202,826K ÷ $103,307K
= 1.96
The current ratio of Hawkins Inc has shown some fluctuations over the past few quarters. The current ratio represents the company's ability to meet its short-term obligations with its current assets.
In the most recent period, as of March 31, 2024, the current ratio stands at 1.96, which indicates that the company's current assets are 1.96 times its current liabilities. This implies that the company may have a slightly lower ability to cover its short-term obligations compared to the previous quarter.
Looking at the trend over the past few quarters, the company's current ratio has been above 2 for most periods, indicating a healthy liquidity position. However, there have been fluctuations in the ratio, with some quarters showing ratios above 2.5 (indicating a stronger liquidity position) and others falling closer to 2 (indicating a relatively weaker liquidity position).
It would be important for stakeholders to monitor the company's current ratio closely to ensure that it remains at a level that allows the company to meet its short-term obligations effectively. It is also advisable to investigate the factors contributing to the fluctuations in the current ratio to assess the company's overall financial health and liquidity position.
Peer comparison
Mar 31, 2024