Sonos Inc (SONO)
Cash ratio
| 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 227,114 | 245,962 | 467,342 | 220,231 | 268,286 | 294,873 | 431,533 | 274,855 | 439,726 | 606,744 | 754,417 | 640,101 | 670,905 | 638,927 | 677,834 | 407,100 | 329,122 | 283,250 | 408,419 | 338,641 |
| Short-term investments | US$ in thousands | 49,515 | 45,598 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 366,881 | 303,217 | 376,001 | 354,218 | 344,504 | 352,157 | 477,639 | 535,639 | 505,220 | 463,736 | 599,262 | 476,130 | 400,919 | 371,071 | 455,764 | 393,015 | 257,694 | 213,199 | 375,120 | 402,474 |
| Cash ratio | 0.75 | 0.96 | 1.24 | 0.62 | 0.78 | 0.84 | 0.90 | 0.51 | 0.87 | 1.31 | 1.26 | 1.34 | 1.67 | 1.72 | 1.49 | 1.04 | 1.28 | 1.33 | 1.09 | 0.84 |
June 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($227,114K
+ $49,515K)
÷ $366,881K
= 0.75
The cash ratio for Sonos Inc has shown fluctuations over the past few quarters. The ratio provides insight into the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger liquidity position.
In the most recent quarter, as of June 30, 2024, the cash ratio stood at 0.75, showing a decrease compared to the previous quarter. This suggests that Sonos Inc may have a slightly lower ability to cover its short-term liabilities solely with its cash and cash equivalents.
Looking at the trend over the past few quarters, there have been notable fluctuations in the cash ratio. The ratio peaked at 1.72 in March 31, 2021, indicating a strong liquidity position at that time. Subsequently, the ratio fluctuated, showing both increases and decreases.
It is important to further analyze the company's cash management practices and overall liquidity position to understand the factors contributing to these fluctuations in the cash ratio. Additional financial metrics should be considered in conjunction with the cash ratio to gain a comprehensive understanding of Sonos Inc's financial health and liquidity management.
Peer comparison
Jun 30, 2024