Sally Beauty Holdings Inc (SBH)
Cash ratio
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 107,961 | 97,375 | 97,174 | 120,999 | 123,001 | 74,337 | 61,620 | 99,071 | 70,558 | 101,318 | 227,413 | 298,140 | 400,959 | 270,317 | 408,321 | 537,644 | 514,151 | 838,811 | 364,414 | 67,262 |
| Short-term investments | US$ in thousands | — | — | — | 91,073 | — | — | — | 3,627 | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 592,669 | 594,925 | 643,769 | 573,069 | 579,257 | 565,637 | 630,641 | 677,266 | 667,914 | 774,961 | 574,269 | 681,752 | 664,881 | 650,205 | 875,051 | 590,336 | 563,362 | 937,732 | 915,836 | 594,605 |
| Cash ratio | 0.18 | 0.16 | 0.15 | 0.37 | 0.21 | 0.13 | 0.10 | 0.15 | 0.11 | 0.13 | 0.40 | 0.44 | 0.60 | 0.42 | 0.47 | 0.91 | 0.91 | 0.89 | 0.40 | 0.11 |
September 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($107,961K
+ $—K)
÷ $592,669K
= 0.18
The cash ratio of Sally Beauty Holdings Inc has shown some variability over the past few quarters. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents.
From the data provided, we can see that the cash ratio fluctuated between 0.10 and 0.91 over the last two years. This highlights potential changes in the company's liquidity position during this period.
The lowest cash ratio of 0.10 was recorded in March 2023, suggesting that Sally Beauty Holdings Inc had relatively low cash reserves compared to its current liabilities at that time. This could indicate a potential liquidity challenge.
On the other hand, the highest cash ratio of 0.91 in December 2020 and September 2020 indicates that the company had a significant amount of cash to cover its short-term obligations during those periods.
Overall, it is important for investors and stakeholders to monitor the cash ratio trend of Sally Beauty Holdings Inc to assess its ability to meet its short-term obligations and manage liquidity effectively.
Peer comparison
Sep 30, 2024