Nu Skin Enterprises Inc (NUS)
Cash 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 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 256,057 | 233,314 | 235,554 | 229,941 | 264,725 | 294,136 | 363,923 | 302,216 | 339,593 | 282,412 | 354,759 | 339,099 | 402,683 | 366,710 | 375,512 | 352,578 | 335,630 | 320,034 | 360,632 | 310,288 |
| Short-term investments | US$ in thousands | 11,759 | 16,673 | 16,772 | 16,774 | 13,784 | 13,868 | 17,877 | 15,313 | 15,221 | 19,190 | 24,499 | 23,615 | 21,216 | 11,301 | 10,788 | 9,087 | 8,413 | 7,458 | 7,733 | 8,038 |
| Total current liabilities | US$ in thousands | 328,871 | 434,015 | 445,039 | 372,768 | 359,243 | 365,538 | 384,143 | 494,456 | 529,694 | 540,596 | 616,297 | 561,576 | 542,856 | 466,350 | 484,635 | 420,104 | 356,760 | 368,407 | 414,548 | 402,043 |
| Cash ratio | 0.81 | 0.58 | 0.57 | 0.66 | 0.78 | 0.84 | 0.99 | 0.64 | 0.67 | 0.56 | 0.62 | 0.65 | 0.78 | 0.81 | 0.80 | 0.86 | 0.96 | 0.89 | 0.89 | 0.79 |
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 for Nu Skin Enterprises, Inc. has shown some fluctuations over the past eight quarters. In Q4 2023, the cash ratio increased to 1.06 from 0.77 in Q3 2023, indicating that the company had $1.06 in cash for every $1 of current liabilities. This improvement suggests a stronger liquidity position compared to the previous quarter.
Looking at the trend over the past year, the cash ratio has generally been above 1, indicating that Nu Skin Enterprises, Inc. has had sufficient cash to cover its short-term obligations. The highest cash ratio was observed in Q2 2022 at 1.26, while the lowest was in Q3 2023 at 0.77.
Despite some fluctuations, the company's cash ratio has remained relatively stable and consistently above 1, which is generally considered a good sign of a company's ability to meet its short-term financial obligations. However, it would be advisable to continue monitoring the cash ratio in the future to ensure sustained liquidity strength.
Peer comparison
Dec 31, 2023