MarineMax Inc (HZO)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 108,761 | 105,258 | 121,639 | 94,601 | 87,253 | 95,018 | 116,910 | 68,514 | 51,533 | 61,863 | 62,276 | 39,468 | 49,005 | 60,195 | 54,489 | 44,001 | 41,526 | 69,478 | 35,814 | 36,118 |
| 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 |
| Quick ratio | 0.31 | 0.33 | 0.32 | 0.32 | 0.34 | 0.39 | 0.39 | 0.38 | 0.68 | 0.83 | 0.76 | 0.67 | 1.08 | 1.17 | 0.82 | 0.51 | 0.72 | 0.58 | 0.22 | 0.17 |
September 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($224,326K
+ $—K
+ $108,761K)
÷ $1,069,140K
= 0.31
The quick ratio measures a company's ability to meet its short-term liabilities with its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term obligations.
For MarineMax Inc, the quick ratio has fluctuated over the past several quarters, ranging from a low of 0.17 to a high of 1.17. In more recent quarters, the quick ratio has generally been below 1, indicating a potential challenge in meeting short-term obligations.
The quick ratio was notably strong in the quarters ending in September 2021 and June 2021, with ratios of 1.08 and 1.17, respectively. This suggests that the company had a sufficient level of liquid assets to cover its short-term liabilities during those periods.
However, there has been a decline in the quick ratio in the most recent quarters, with ratios ranging from 0.31 to 0.34. The quick ratio has been consistently below 1 since the quarter ending in March 2022, indicating a potential liquidity challenge for the company in meeting its short-term obligations.
Overall, based on the trend in the quick ratio for MarineMax Inc, it is important for stakeholders to closely monitor the company's liquidity position and its ability to effectively manage its short-term obligations.
Peer comparison
Sep 30, 2024