Leslies Inc (LESL)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 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 | 1.92 | 1.86 | 1.70 | 2.02 | 2.00 | 1.56 | 1.46 | 1.40 | 1.48 | 1.94 | 1.73 | 1.38 | 1.77 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $392,044K ÷ $204,573K
= 1.92
Leslies Inc's current ratio has fluctuated over the past 12 quarters, ranging from a low of 1.38 to a high of 2.02. The current ratio is a measure of a company's ability to cover its short-term liabilities with its short-term assets. A current ratio above 1 indicates that the company has more current assets than current liabilities.
In general, a current ratio above 1 is considered healthy, indicating that the company has sufficient short-term assets to cover its short-term obligations. Leslies Inc's current ratio has generally been above 1 over the analyzed period, with the exception of a few quarters.
The trend in Leslies Inc's current ratio demonstrates some variability, possibly due to fluctuations in the company's current assets and liabilities. The company should aim to maintain a current ratio above 1 to ensure its ability to meet its short-term financial obligations. Further analysis would be required to understand the reasons behind the fluctuations in the current ratio and whether any corrective actions are needed.
Peer comparison
Dec 31, 2023