MarineMax Inc (HZO)
Current ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,273,210 | 1,123,180 | 753,997 | 517,519 | 503,327 |
| Total current liabilities | US$ in thousands | 1,069,140 | 847,049 | 412,772 | 251,093 | 272,534 |
| Current ratio | 1.19 | 1.33 | 1.83 | 2.06 | 1.85 |
September 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,273,210K ÷ $1,069,140K
= 1.19
The current ratio of MarineMax Inc has shown a decreasing trend over the past five years. As of September 30, 2024, the current ratio stands at 1.19, down from 1.33 in 2023, 1.83 in 2022, 2.06 in 2021, and 1.85 in 2020.
A current ratio of 1.19 indicates that the company may have slightly lower short-term liquidity compared to the previous year, as it only has $1.19 in current assets for every $1 in current liabilities. While a current ratio above 1 generally suggests the company can cover its short-term obligations, the downward trend in the current ratio may raise concerns about the company's ability to meet its current liabilities in the short term.
Further analysis of the components of current assets and current liabilities would provide more insights into the changes in the current ratio and the company's overall liquidity position. Investors and analysts may want to monitor this trend closely to assess MarineMax Inc's financial health and liquidity management.
Peer comparison
Sep 30, 2024