Sally Beauty Holdings Inc (SBH)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,305,310 | 1,262,560 | 1,280,320 | 1,262,860 | 1,228,000 | 1,199,400 | 1,209,010 | 1,219,200 | 1,132,400 | 1,243,120 | 1,301,680 | 1,415,530 | 1,383,580 | 1,329,110 | 1,466,450 | 1,545,880 | 1,433,100 | 1,763,340 | 1,449,040 | 1,189,040 |
| 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 |
| Current ratio | 2.20 | 2.12 | 1.99 | 2.20 | 2.12 | 2.12 | 1.92 | 1.80 | 1.70 | 1.60 | 2.27 | 2.08 | 2.08 | 2.04 | 1.68 | 2.62 | 2.54 | 1.88 | 1.58 | 2.00 |
September 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,305,310K ÷ $592,669K
= 2.20
The current ratio of Sally Beauty Holdings Inc has shown some fluctuations over the past few quarters. As of September 30, 2024, the current ratio stands at 2.20, indicating that the company had $2.20 in current assets to cover each dollar of current liabilities. This suggests a healthy liquidity position, as a current ratio above 1.0 typically signifies that a company can cover its short-term obligations.
The current ratio has generally been above 2.0 in recent quarters, with the exception of March and December 2023 when it slightly dipped below that level. This indicates that Sally Beauty Holdings Inc has maintained a robust ability to meet its short-term financial commitments and potentially take advantage of immediate opportunities.
It is important to note that a higher current ratio does not always equate to optimal financial health, as excessively high ratios may imply an inefficient use of assets. Therefore, a ratio around 2.0 may be seen as a balance between liquidity and asset efficiency for Sally Beauty Holdings Inc.
Peer comparison
Sep 30, 2024