Callaway Golf Company (MODG)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,600,700 | 1,628,100 | 1,518,900 | 1,165,700 | 912,627 |
| Total current liabilities | US$ in thousands | 825,900 | 947,600 | 1,176,200 | 866,000 | 391,272 |
| Current ratio | 1.94 | 1.72 | 1.29 | 1.35 | 2.33 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,600,700K ÷ $825,900K
= 1.94
The current ratio of Callaway Golf Company has shown fluctuations over the past five years. As of December 31, 2020, the current ratio was 2.33, indicating a strong liquidity position with more current assets available to cover current liabilities. However, by the end of 2021, the current ratio decreased to 1.35, which may suggest a more constrained liquidity position compared to the previous year.
Subsequently, in 2022, the current ratio further declined to 1.29, indicating a potential strain on the company's ability to meet short-term obligations with its current assets. However, by the end of 2023, the current ratio improved to 1.72, signifying a relative enhancement in liquidity compared to the preceding year.
The most recent data available as of December 31, 2024, shows a current ratio of 1.94, which indicates that the company has improved its liquidity position further, with more current assets available to cover current liabilities.
Overall, the trend in Callaway Golf Company's current ratio reflects fluctuations in its liquidity position over the years, with periods of strength followed by periods of possible liquidity challenges. It is essential for investors and stakeholders to monitor these fluctuations to assess the company's short-term financial stability and ability to meet its obligations.
Peer comparison
Dec 31, 2024