Boston Beer Company Inc (SAM)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 211,819 | 298,491 | 180,560 | 26,853 | 163,282 |
| Short-term investments | US$ in thousands | — | — | — | — | 18 |
| Total current liabilities | US$ in thousands | 231,629 | 223,288 | 204,267 | 255,106 | 259,423 |
| Cash ratio | 0.91 | 1.34 | 0.88 | 0.11 | 0.63 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($211,819K
+ $—K)
÷ $231,629K
= 0.91
The cash ratio of Boston Beer Company Inc has fluctuated over the years based on the provided data. As of December 31, 2020, the cash ratio was 0.63, indicating that the company had $0.63 of cash and cash equivalents for every dollar of its current liabilities. Subsequently, by December 31, 2021, the ratio had decreased significantly to 0.11, suggesting a lower level of liquidity compared to the previous year.
However, there was a notable improvement in the company's liquidity position by December 31, 2022, with a cash ratio of 0.88, indicating an increase in the availability of cash to cover short-term obligations. This improvement was further enhanced by December 31, 2023, where the cash ratio increased to 1.34, signaling a strong ability to meet current liabilities using readily available cash resources.
By December 31, 2024, the cash ratio slightly decreased to 0.91, but it still remained at a healthy level, indicating that the company continued to maintain a strong liquidity position. Overall, the fluctuation in the cash ratio of Boston Beer Company Inc reflects varying levels of liquidity over the years, with the company showing improvements in managing its cash resources to meet its short-term obligations.
Peer comparison
Dec 31, 2024