MarineMax Inc (HZO)
Current ratio
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,123,180 | 753,997 | 517,519 | 503,327 | 568,583 |
| Total current liabilities | US$ in thousands | 847,049 | 412,772 | 251,093 | 272,534 | 412,893 |
| Current ratio | 1.33 | 1.83 | 2.06 | 1.85 | 1.38 |
September 30, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,123,180K ÷ $847,049K
= 1.33
The current ratio of Marinemax, Inc. has exhibited a fluctuating trend over the past five years. The ratio stood at 1.33 as of September 30, 2023, representing a decline from the previous year's figure of 1.83. This decrease indicates a weakening ability to meet short-term obligations using current assets. However, it is important to note that the company's current ratio has historically demonstrated variability, with higher levels in 2021 and 2020 at 2.06 and 1.85, respectively, followed by a dip to 1.38 in 2019. Overall, while the current ratio has decreased in the latest period, it is crucial to evaluate additional financial metrics to gain a comprehensive understanding of Marinemax, Inc.'s liquidity position and financial health.
Peer comparison
Sep 30, 2023