MarineMax Inc (HZO)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,273,210 | 1,261,200 | 1,292,930 | 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 |
| 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 |
| Current ratio | 1.19 | 1.20 | 1.24 | 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 |
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 fluctuations over the past few years, indicating changes in its short-term liquidity position. The ratio measures the company's ability to pay off its short-term obligations with its current assets.
From the data provided, we observe that the current ratio has generally remained above 1, indicating that MarineMax Inc has had sufficient current assets to cover its current liabilities.
The ratio has ranged from a low of 1.19 to a high of 2.20 over the period. In recent quarters, the current ratio has been relatively strong, with values above 1.30. This suggests that the company has been able to meet its short-term obligations comfortably with its current assets.
However, it is worth noting that the current ratio peaked at 2.20 in June 2021 and has since declined. The significant decrease in the ratio from 2.20 in June 2021 to 1.19 in September 2024 might indicate a shift in the company's liquidity position or changes in its current asset and liability composition.
Overall, MarineMax Inc's current ratio analysis indicates that the company has generally maintained a healthy liquidity position, but stakeholders should continue to monitor the trend to ensure ongoing financial stability and liquidity management.
Peer comparison
Sep 30, 2024