MarineMax Inc (HZO)
Cash ratio
| Sep 30, 2024 | Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 224,326 | 242,424 | 216,684 | 210,323 | 201,456 | 226,134 | 204,339 | 177,773 | 228,274 | 281,351 | 219,400 | 216,315 | 222,192 | 200,121 | 142,888 | 120,939 | 155,493 | 86,919 | 64,406 | 35,985 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,069,140 | 1,054,440 | 1,045,610 | 940,006 | 847,049 | 819,962 | 813,372 | 649,202 | 412,772 | 412,569 | 369,893 | 379,920 | 251,093 | 221,570 | 240,176 | 321,184 | 272,534 | 271,633 | 446,435 | 414,776 |
| Cash ratio | 0.21 | 0.23 | 0.21 | 0.22 | 0.24 | 0.28 | 0.25 | 0.27 | 0.55 | 0.68 | 0.59 | 0.57 | 0.88 | 0.90 | 0.59 | 0.38 | 0.57 | 0.32 | 0.14 | 0.09 |
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 fluctuated over the past few years, indicating the company's ability to cover its short-term obligations with cash and cash equivalents. The cash ratio ranged from 0.09 to 0.90 during the period from December 2019 to September 2024.
In recent periods, the cash ratio has generally been above 0.20, with some notable peaks at 0.68, 0.55, and 0.90. These higher ratios suggest that MarineMax Inc has sufficient liquid assets to cover a significant portion of its current liabilities.
However, there have been fluctuations in the cash ratio over time, with declines in some quarters. It's important to note that while a high cash ratio indicates strong liquidity, excessively high ratios might suggest that the company is holding too much cash rather than investing in opportunities to grow the business.
Overall, analyzing the cash ratio over time can provide insights into MarineMax Inc's liquidity position and its ability to meet short-term obligations using cash reserves.
Peer comparison
Sep 30, 2024