Kontoor Brands Inc (KTB)

Quick ratio

Dec 31, 2024 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
Cash US$ in thousands 334,066 269,427 224,296 215,059 215,050 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
Short-term investments US$ in thousands — — — — — — — — — — — — — — — — — — — 59,922
Receivables US$ in thousands 243,660 230,435 205,019 239,632 217,673 236,816 186,024 224,024 225,858 234,569 185,157 276,037 289,800 269,874 215,297 221,031 231,397 221,971 153,302 213,080
Total current liabilities US$ in thousands 393,905 427,288 373,077 392,638 392,637 389,279 389,009 402,070 440,429 507,446 465,020 491,053 455,812 504,598 421,639 432,733 413,635 462,923 330,773 366,728
Quick ratio 1.47 1.17 1.15 1.16 1.10 0.81 0.69 0.69 0.65 0.58 0.71 0.96 1.04 0.96 0.93 1.04 1.16 1.10 1.24 2.05

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($334,066K + $—K + $243,660K) ÷ $393,905K
= 1.47

The quick ratio of Kontoor Brands Inc has exhibited some fluctuations over the observed period. Starting at a comfortable level of 2.05 on March 31, 2020, the quick ratio gradually declined to 0.71 on June 30, 2022, indicating a potential liquidity strain. However, the quick ratio improved thereafter, reaching 1.47 by December 31, 2024, indicating a more favorable position in terms of the company's ability to cover its short-term obligations with its liquid assets. Despite some variability, the general trend suggests an improvement in liquidity over the long term, which is a positive indicator for the company's financial health.