Leslies Inc (LESL)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 26,717 | 35,296 | 55,699 | — | 50,887 | 49,848 | 50,251 | 46,106 | 43,508 | 43,481 | 51,084 | 55,332 | 46,639 |
| 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 |
| Quick ratio | 0.17 | 0.40 | 0.24 | 0.03 | 0.21 | 0.47 | 0.56 | 0.29 | 0.38 | 1.25 | 1.02 | 0.44 | 0.78 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($8,394K
+ $—K
+ $26,717K)
÷ $204,573K
= 0.17
The quick ratio of Leslies Inc has fluctuated significantly over the past few quarters, ranging from a low of 0.03 to a high of 1.25. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term obligations with its most liquid assets.
The quick ratio was particularly low at 0.03 in March 31, 2023, which could be a cause for concern as it suggests the company had very limited liquid assets available to cover its current liabilities. However, the ratio improved to 1.25 in September 30, 2021, indicating that the company had more than enough liquid assets to cover its short-term obligations at that time.
Overall, the varying quick ratio figures show that Leslies Inc's liquidity position has been unstable and should be monitored closely to ensure the company can meet its short-term financial obligations in a sustainable manner.
Peer comparison
Dec 31, 2023