Nu Skin Enterprises Inc (NUS)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | 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 |
| Receivables | US$ in thousands | 72,879 | 47,360 | 41,299 | 63,370 | 50,378 |
| Total current liabilities | US$ in thousands | 328,871 | 359,243 | 529,694 | 542,856 | 356,760 |
| Quick ratio | 1.04 | 0.91 | 0.75 | 0.90 | 1.11 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($256,057K
+ $11,759K
+ $72,879K)
÷ $328,871K
= 1.04
The quick ratio of Nu Skin Enterprises, Inc. has varied over the past five years. As of December 31, 2023, the quick ratio stood at 1.28, indicating that the company had $1.28 in liquid assets available to cover each dollar of its current liabilities. This represents an improvement compared to the previous year, where the quick ratio was 1.15.
In 2021, the quick ratio was 0.89, suggesting that the company may have faced challenges in meeting its short-term obligations with its liquid assets. However, this was followed by an improvement in 2022 and 2023.
Notably, the quick ratio was relatively high in 2019 at 1.30, indicating a healthier liquidity position at that time. It is important to monitor the trend of the quick ratio over time to assess Nu Skin Enterprises, Inc.'s ability to meet its short-term obligations effectively.
Peer comparison
Dec 31, 2023