Nu Skin Enterprises Inc (NUS)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 256,057 | 264,725 | 339,593 | 402,683 | 335,630 |
| Short-term investments | US$ in thousands | 11,759 | 13,784 | 15,221 | 21,216 | 8,413 |
| Total current liabilities | US$ in thousands | 328,871 | 359,243 | 529,694 | 542,856 | 356,760 |
| Cash ratio | 0.81 | 0.78 | 0.67 | 0.78 | 0.96 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($256,057K
+ $11,759K)
÷ $328,871K
= 0.81
The cash ratio of Nu Skin Enterprises, Inc. has shown some fluctuation over the past five years, ranging from 0.82 to 1.16. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents.
In 2023, the cash ratio stands at 1.06, indicating that the company has $1.06 in cash and cash equivalents for every $1 of its current liabilities. This suggests that Nu Skin Enterprises, Inc. has a relatively strong liquidity position in 2023.
Comparing this to previous years, we can see that the company's liquidity position has improved compared to 2021 when the cash ratio was 0.82. However, it is slightly lower than the 2019 ratio of 1.16.
Overall, the upward trend in the cash ratio from 2021 to 2023 indicates that Nu Skin Enterprises, Inc. has been increasing its ability to cover its short-term obligations with its available cash and cash equivalents. This suggests an improving liquidity position for the company.
Peer comparison
Dec 31, 2023