Callaway Golf Company (MODG)
Cash ratio
| Dec 31, 2024 | 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 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 445,000 | 441,900 | 311,800 | 233,900 | 393,500 | 330,300 | 191,800 | 180,600 | 180,200 | 200,300 | 178,300 | 245,000 | 352,200 | 508,200 | 415,200 | 397,300 | 366,100 | 286,656 | 164,416 | 166,635 |
| Short-term investments | US$ in thousands | — | — | — | 6,300 | 5,200 | — | 7,400 | — | 4,400 | 3,400 | 1,100 | — | 21 | — | 4 | 7,250 | 19 | 111,442 | — | — |
| Total current liabilities | US$ in thousands | 825,900 | 842,500 | 837,200 | 875,000 | 947,600 | 909,200 | 932,600 | 1,074,600 | 1,176,200 | 1,039,000 | 1,036,300 | 1,156,500 | 866,000 | 840,155 | 787,632 | 696,339 | 391,272 | 371,410 | 343,620 | 648,908 |
| Cash ratio | 0.54 | 0.52 | 0.37 | 0.27 | 0.42 | 0.36 | 0.21 | 0.17 | 0.16 | 0.20 | 0.17 | 0.21 | 0.41 | 0.60 | 0.53 | 0.58 | 0.94 | 1.07 | 0.48 | 0.26 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($445,000K
+ $—K)
÷ $825,900K
= 0.54
The cash ratio of Callaway Golf Company has fluctuated over the past few years, indicating changes in the company's ability to cover its short-term liabilities with cash and cash equivalents. The ratio stood at 0.26 as of March 31, 2020, and increased to 1.07 by September 30, 2020, suggesting a significant improvement in liquidity. However, the ratio decreased to 0.41 by December 31, 2021, signaling a potential dip in available cash relative to current liabilities.
From March 31, 2022, to June 30, 2024, the cash ratio generally ranged between 0.16 and 0.54, with fluctuations reflecting variations in the company's cash position. Notably, the ratio increased to 0.52 by September 30, 2024, indicating a relatively higher level of cash reserves compared to the preceding periods.
Overall, the cash ratio of Callaway Golf Company demonstrates the company's ability to meet short-term obligations using cash and cash equivalents, showcasing variations in liquidity levels over the analyzed period. Maintaining an adequate cash ratio is essential for ensuring the company can cover its immediate financial commitments without relying heavily on external financing.
Peer comparison
Dec 31, 2024