Leslies Inc (LESL)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 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 | 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 | 0.04 | 0.25 | 0.06 | 0.03 | 0.01 | 0.32 | 0.45 | 0.15 | 0.21 | 1.11 | 0.87 | 0.27 | 0.54 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($8,394K
+ $—K)
÷ $204,573K
= 0.04
The cash ratio of Leslies Inc has shown significant fluctuations over the past few quarters. The cash ratio measures the company's ability to cover its current liabilities with its cash and cash equivalents.
In the most recent quarter ending December 31, 2023, the cash ratio was 0.04, indicating that the company had only $0.04 in cash available for every $1 of current liabilities. This suggests a relatively limited ability to meet its short-term obligations using its cash reserves.
The trend of the cash ratio over the past year shows volatility and inconsistency. In September 2023, the cash ratio was comparatively higher at 0.25, indicating an improvement in the company's ability to cover its short-term obligations with available cash. However, in the following quarters, the ratio fluctuated between 0.06 and 0.03, indicating a decrease in the company's liquidity position.
It is important for Leslies Inc to closely monitor and manage its cash position to ensure it has an adequate level of liquidity to meet its short-term obligations. Fluctuations in the cash ratio can indicate variations in cash management practices, operating efficiency, or financial performance. Further analysis of the company's cash flow management and working capital practices may provide insights into the factors driving these fluctuations in the cash ratio.
Peer comparison
Dec 31, 2023