Leslies Inc (LESL)
Quick ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | ||
|---|---|---|---|---|---|
| Cash | US$ in thousands | 108,505 | 55,420 | 112,293 | 343,498 |
| Short-term investments | US$ in thousands | — | — | — | — |
| Receivables | US$ in thousands | 50,190 | 35,296 | 49,848 | 43,481 |
| Total current liabilities | US$ in thousands | 246,919 | 225,830 | 347,956 | 309,713 |
| Quick ratio | 0.64 | 0.40 | 0.47 | 1.25 |
September 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($108,505K
+ $—K
+ $50,190K)
÷ $246,919K
= 0.64
The quick ratio of Leslies Inc has fluctuated over the past four years. In 2024, the quick ratio stands at 0.64, indicating that the company may have had a relatively lower ability to meet its short-term obligations with its most liquid assets. Compared to the quick ratio of 0.40 in 2023, there has been an improvement in liquidity, suggesting a better ability to cover immediate liabilities in 2024. However, it is worth noting that in 2021, the quick ratio was notably higher at 1.25, signifying a stronger ability to cover short-term obligations with liquid assets. This fluctuation in the quick ratio indicates changes in the company's liquidity position over the years, which may warrant further investigation into factors influencing these fluctuations.
Peer comparison
Sep 30, 2024