Callaway Golf Company (MODG)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,600,700 | 1,623,900 | 1,613,100 | 1,593,200 | 1,628,100 | 1,602,700 | 1,657,900 | 1,754,800 | 1,518,900 | 1,360,800 | 1,341,700 | 1,403,500 | 1,165,700 | 1,339,410 | 1,254,050 | 1,203,190 | 912,627 | 925,146 | 840,561 | 934,122 |
| 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 |
| Current ratio | 1.94 | 1.93 | 1.93 | 1.82 | 1.72 | 1.76 | 1.78 | 1.63 | 1.29 | 1.31 | 1.29 | 1.21 | 1.35 | 1.59 | 1.59 | 1.73 | 2.33 | 2.49 | 2.45 | 1.44 |
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 some fluctuations over the analyzed period. Starting at 1.44 as of March 31, 2020, the ratio improved steadily to reach its peak at 2.49 on September 30, 2020. Subsequently, there was a slight decline to 2.33 by December 31, 2020. The ratio then experienced a downward trend, dropping to 1.21 by March 31, 2022. There was a moderate recovery in the following quarters, with the ratio fluctuating between 1.29 and 1.94 up to December 31, 2024.
In general, a current ratio above 1 indicates that a company has more current assets than current liabilities to meet its short-term obligations. While the company's current ratio exhibited both strengths and weaknesses during the period analyzed, it is important to consider additional financial metrics and qualitative factors to gain a comprehensive understanding of Callaway Golf Company's overall financial health and liquidity position.
Peer comparison
Dec 31, 2024