MarineMax Inc (HZO)
Current ratio
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,206,020 | 1,123,180 | 1,085,150 | 1,054,260 | 873,371 | 753,997 | 735,997 | 629,003 | 597,915 | 517,519 | 488,050 | 515,054 | 558,386 | 503,327 | 481,626 | 616,476 | 577,055 | 568,583 | 566,672 | 572,499 |
| Total current liabilities | US$ in thousands | 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 | 412,893 | 383,064 | 379,584 |
| Current ratio | 1.28 | 1.33 | 1.32 | 1.30 | 1.35 | 1.83 | 1.78 | 1.70 | 1.57 | 2.06 | 2.20 | 2.14 | 1.74 | 1.85 | 1.77 | 1.38 | 1.39 | 1.38 | 1.48 | 1.51 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,206,020K ÷ $940,006K
= 1.28
The current ratio of Marinemax, Inc. has shown fluctuation over the past eight quarters. The current ratio measures the company's ability to cover its short-term liabilities with its short-term assets. A higher current ratio is generally favorable as it indicates the company has a stronger ability to meet its short-term obligations.
The current ratio for Marinemax, Inc. has decreased from 1.83 in September 2022 to 1.28 in December 2023. This downward trend may raise concerns about the company's short-term liquidity position. However, it is important to note that the current ratio remained above 1, indicating that the company's current assets have consistently been sufficient to cover its current liabilities.
The decline in the current ratio from September 2022 to December 2023 warrants further investigation into the company's current asset and liability composition to assess any potential liquidity challenges. Management should closely monitor and manage the company's current assets and liabilities to ensure the current ratio remains at a level that supports its short-term financial obligations.
Peer comparison
Dec 31, 2023