MarineMax Inc (HZO)
Cash ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 224,326 | 201,456 | 228,274 | 222,192 | 155,493 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,069,140 | 847,049 | 412,772 | 251,093 | 272,534 |
| Cash ratio | 0.21 | 0.24 | 0.55 | 0.88 | 0.57 |
September 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($224,326K
+ $—K)
÷ $1,069,140K
= 0.21
The cash ratio of MarineMax Inc has exhibited a declining trend over the past five years. As of September 30, 2024, the cash ratio stands at 0.21, indicating that the company has $0.21 of cash and cash equivalents for every dollar of current liabilities. This represents a decrease from the previous year's ratio of 0.24.
The declining trend in the cash ratio may raise concerns about MarineMax's liquidity position and ability to meet its short-term obligations using its available cash reserves. The cash ratio of 0.21 in 2024 suggests that the company may have a lower level of liquidity compared to prior years.
It is important for stakeholders to monitor MarineMax's cash position closely, as a low cash ratio could potentially signal financial distress or difficulties in managing short-term obligations. Further analysis of the company's cash flow management and liquidity strategy may be warranted to assess its ability to navigate potential liquidity challenges in the future.
Peer comparison
Sep 30, 2024