Kontoor Brands Inc (KTB)
Cash 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 215,050 | 77,828 | 82,418 | 52,677 | 59,179 | 58,053 | 145,296 | 193,630 | 185,322 | 215,442 | 175,628 | 229,542 | 248,138 | 285,251 | 256,276 | 479,366 | 106,808 | 40,804 | 76,687 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 59,922 | 59,922 | — | — |
| Total current liabilities | US$ in thousands | 392,637 | 389,279 | 389,009 | 402,070 | 440,429 | 507,446 | 465,020 | 491,053 | 455,812 | 504,598 | 421,639 | 432,733 | 413,635 | 462,923 | 330,773 | 366,728 | 378,550 | 389,558 | 381,564 |
| Cash ratio | 0.55 | 0.20 | 0.21 | 0.13 | 0.13 | 0.11 | 0.31 | 0.39 | 0.41 | 0.43 | 0.42 | 0.53 | 0.60 | 0.62 | 0.77 | 1.47 | 0.44 | 0.10 | 0.20 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($215,050K
+ $—K)
÷ $392,637K
= 0.55
The cash ratio of Kontoor Brands Inc has fluctuated over the periods shown in the table. The cash ratio represents the proportion of cash and cash equivalents to current liabilities, providing insights into the company's liquidity and ability to cover short-term obligations solely with its available cash resources.
Based on the data provided:
- The cash ratio ranged from 0.10 to 1.47 during the analyzed periods.
- The cash ratio peaked at 1.47 on March 31, 2020, indicating a significant level of cash and cash equivalents relative to current liabilities.
- The lowest cash ratio recorded was 0.10 on September 30, 2019, suggesting a lower ability to cover short-term obligations with cash alone.
- There seems to be some volatility in the cash ratio throughout the periods, with notable fluctuations observed.
Overall, fluctuations in the cash ratio of Kontoor Brands Inc suggest varying levels of liquidity and financial strength over time, highlighting the importance of monitoring cash levels to ensure the company can meet its short-term obligations effectively.
Peer comparison
Dec 31, 2023