MarineMax Inc (HZO)
Cash ratio
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 201,456 | 228,274 | 222,192 | 155,493 | 38,511 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 847,049 | 412,772 | 251,093 | 272,534 | 412,893 |
| Cash ratio | 0.24 | 0.55 | 0.88 | 0.57 | 0.09 |
September 30, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($201,456K
+ $—K)
÷ $847,049K
= 0.24
The cash ratio of Marinemax, Inc. has fluctuated over the past five years. The ratio decreased from 0.95 in 2021 to 0.61 in 2020 before seeing a significant drop to 0.12 in 2019. However, there was an increase in 2022 to 0.60 before declining again to 0.27 in 2023.
The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a greater ability to cover short-term obligations. Marinemax's declining cash ratio over the years may indicate a reduced ability to meet short-term liabilities using its cash reserves. It's important for investors and stakeholders to monitor this trend and assess the company's liquidity position in the short term.
Peer comparison
Sep 30, 2023