MarineMax Inc (HZO)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 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 | 38,511 | 71,618 | 63,598 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 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 | 43,801 | 49,104 | 45,505 |
| 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 |
| Quick ratio | 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 | 0.20 | 0.32 | 0.29 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($210,323K
+ $—K
+ $94,601K)
÷ $940,006K
= 0.32
The quick ratio, also known as the acid-test ratio, measures a company's ability to meet its short-term obligations with its most liquid assets. Marinemax, Inc.'s quick ratio has fluctuated over the past eight quarters. As of December 31, 2023, the quick ratio stands at 0.35, indicating a decline in the company's short-term liquidity compared to the previous quarter.
The trend in the quick ratio suggests a potential concern about Marinemax's ability to cover its short-term liabilities with its quick assets. A quick ratio below 1.0 may indicate a risk of liquidity problems in meeting short-term obligations. It is important for investors and creditors to monitor the company's ability to convert its current assets into cash quickly.
Peer comparison
Dec 31, 2023