Boston Beer Company Inc (SAM)
Quick 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 | US$ in thousands | 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 | 36,670 | 27,128 | 3,017 | 102,887 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | 18 | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 68,708 | 87,977 | 118,815 | — | 66,798 | 96,601 | 126,113 | 154,160 | 108,440 | 124,040 | 126,354 | 109,157 | 88,751 | 96,850 | 102,755 | 67,076 | 63,863 | 74,667 | 79,049 | 55,358 |
| Total current liabilities | US$ in thousands | 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 | 180,649 | 166,484 | 188,266 | 132,002 |
| Quick ratio | 1.64 | 1.51 | 1.24 | 0.59 | 1.21 | 1.02 | 0.91 | 0.69 | 0.53 | 0.74 | 0.72 | 0.93 | 0.97 | 1.09 | 0.86 | 1.05 | 0.56 | 0.61 | 0.44 | 1.20 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($298,491K
+ $—K
+ $68,708K)
÷ $223,288K
= 1.64
The quick ratio of Boston Beer Company Inc has fluctuated over the periods analyzed. A quick ratio above 1 indicates that the company has sufficient liquid assets to cover its current liabilities. The ratio has shown improvement in recent periods, with a sharp increase from 0.59 in March 2023 to 1.64 in December 2023. This suggests a stronger ability to meet short-term obligations without relying heavily on inventory. However, the ratio should be closely monitored to ensure continued liquidity and financial stability.
Peer comparison
Dec 31, 2023