Leslies Inc (LESL)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 422,434 | 457,009 | 453,632 | 392,044 | 420,286 | 536,704 | 591,718 | 508,504 | 542,378 | 632,329 | 471,876 | 375,499 | 601,711 | 608,384 | 448,326 | 340,064 |
| 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 |
| Current ratio | 1.71 | 1.60 | 1.73 | 1.92 | 1.86 | 1.70 | 2.02 | 2.00 | 1.56 | 1.46 | 1.40 | 1.48 | 1.94 | 1.73 | 1.38 | 1.77 |
September 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $422,434K ÷ $246,919K
= 1.71
The current ratio for Leslies Inc has shown fluctuations over the past few quarters. A current ratio higher than 1 indicates that the company's current assets (such as cash, accounts receivable, and inventory) exceed its current liabilities (such as accounts payable and short-term debt), suggesting good liquidity in meeting short-term obligations.
Analyzing the trend, we observe that the current ratio peaked in March 2023 at 2.02 but has since shown a downward trend, with some volatility in subsequent quarters. The current ratio stood at 1.71 as of September 30, 2024.
A ratio above 1 is generally considered healthy, but a significant decrease from the peak could indicate potential issues with liquidity management or an increase in short-term liabilities. It is essential to monitor the current ratio over time to ensure the company can meet its short-term obligations and sustain operations effectively.
Peer comparison
Sep 30, 2024