Leslies Inc (LESL)
Cash 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 108,505 | 74,438 | 8,436 | 8,394 | 55,420 | 19,430 | 8,701 | 2,691 | 112,293 | 193,130 | 51,971 | 53,341 | 343,498 | 307,395 | 88,732 | 102,809 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 246,919 | 285,881 | 262,101 | 204,573 | 225,830 | 315,297 | 292,391 | 254,594 | 347,956 | 432,895 | 338,187 | 254,208 | 309,713 | 352,437 | 325,761 | 191,603 |
| Cash ratio | 0.44 | 0.26 | 0.03 | 0.04 | 0.25 | 0.06 | 0.03 | 0.01 | 0.32 | 0.45 | 0.15 | 0.21 | 1.11 | 0.87 | 0.27 | 0.54 |
September 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($108,505K
+ $—K)
÷ $246,919K
= 0.44
The cash ratio of Leslies Inc has fluctuated over the periods presented in the table. A cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents.
Leslies Inc's cash ratio has shown variability, ranging from a low of 0.01 to a high of 1.11. A cash ratio below 1 indicates that the company may not have enough liquid assets to cover its short-term obligations.
In the most recent period, as of September 30, 2024, the cash ratio stands at 0.44, indicating an improvement from the previous quarter. This suggests that Leslies Inc has increased its ability to meet its short-term obligations with its available cash and cash equivalents.
Overall, it is important for the company to maintain a healthy cash ratio to ensure it can meet its short-term financial obligations promptly. Continued monitoring of the cash ratio trend will provide valuable insight into Leslies Inc's liquidity position and financial health.
Peer comparison
Sep 30, 2024