Sally Beauty Holdings Inc (SBH)
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 | 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 | 71,495 | 57,855 | 89,777 |
| Short-term investments | US$ in thousands | 91,073 | — | — | — | 3,627 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 32,164 | 33,421 | 32,888 | 30,540 | 32,671 | 34,102 | 31,462 | 28,615 | 29,588 | 32,623 | 44,660 | 39,294 | 40,046 | 35,590 | 42,818 | 42,802 | 41,142 | 43,136 | 44,680 | 41,976 |
| Total current liabilities | US$ in thousands | 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 | 456,079 | 441,054 | 420,743 |
| Quick ratio | 0.43 | 0.27 | 0.19 | 0.15 | 0.20 | 0.16 | 0.17 | 0.45 | 0.48 | 0.65 | 0.48 | 0.51 | 0.98 | 0.98 | 0.94 | 0.44 | 0.18 | 0.25 | 0.23 | 0.31 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($120,999K
+ $91,073K
+ $32,164K)
÷ $573,069K
= 0.43
The quick ratio of Sally Beauty Holdings Inc has shown varying trends over the past eight quarters. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
In Q1 2024, the quick ratio was 0.45, indicating that the company had $0.45 of liquid assets available for every $1 of current liabilities. This ratio increased slightly from the previous quarter, Q4 2023, where it was 0.44.
Looking further back, the quick ratio saw a significant improvement in Q3 2023 compared to the previous quarters, reaching 0.36. However, the ratio dropped in the subsequent quarter, Q2 2023, to 0.29, indicating a potential liquidity challenge during that period.
Comparing year-over-year, the quick ratio in Q1 2024 was slightly higher than in Q1 2023, where it stood at 0.34. Similarly, the ratio in Q4 2022 was 0.29, the same as in Q4 2023, suggesting stability in liquidity over this period.
The quick ratio was notably higher in Q2 2022 at 0.59, showing a significant amount of liquid assets compared to current liabilities at that time.
Overall, while there have been fluctuations in the quick ratio of Sally Beauty Holdings Inc, the company has generally maintained a level of liquidity to meet its short-term obligations. It is important for stakeholders to monitor these trends to assess the company's ability to manage its liquidity effectively.
Peer comparison
Dec 31, 2023