Boston Beer Company Inc (SAM)
Cash 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 211,819 | 255,601 | 219,295 | 205,444 | 298,491 | 310,778 | 207,755 | 122,560 | 180,560 | 222,050 | 137,801 | 15,769 | 26,853 | 86,504 | 102,953 | 144,658 | 163,282 | 157,100 | 86,716 | 129,504 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 18 | — | — | — |
| Total current liabilities | US$ in thousands | 231,629 | 263,647 | 269,947 | 211,418 | 223,288 | 264,754 | 262,807 | 207,639 | 204,267 | 313,597 | 290,929 | 245,534 | 255,106 | 285,487 | 317,351 | 271,629 | 259,423 | 231,939 | 219,808 | 186,784 |
| Cash ratio | 0.91 | 0.97 | 0.81 | 0.97 | 1.34 | 1.17 | 0.79 | 0.59 | 0.88 | 0.71 | 0.47 | 0.06 | 0.11 | 0.30 | 0.32 | 0.53 | 0.63 | 0.68 | 0.39 | 0.69 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($211,819K
+ $—K)
÷ $231,629K
= 0.91
The Boston Beer Company Inc's cash ratio has shown fluctuations over the reported periods. The cash ratio represents the proportion of a company's current assets held in cash or cash equivalents to cover its current liabilities.
From March 31, 2020, to March 31, 2022, the cash ratio steadily decreased from 0.69 to 0.06, indicating a decreasing ability of the company to cover its short-term obligations with its available cash and cash equivalents.
However, there was a notable increase in the cash ratio by September 30, 2022, and it continued to increase to 1.34 by December 31, 2023, and then decreased slightly to 0.91 by December 31, 2024. These increments suggest an improvement in the company's cash position relative to its short-term liabilities during this period.
At the end of the reporting periods, the cash ratio ranged from 0.06 to 1.34, signifying fluctuations in the company's liquidity and ability to meet its short-term obligations with cash on hand. It is important to monitor these changes to assess the company's financial health and its ability to manage liquidity effectively.
Peer comparison
Dec 31, 2024