Sonos Inc (SONO)
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 | 169,732 | 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 |
| Short-term investments | US$ in thousands | 51,426 | 49,515 | 45,598 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 366,153 | 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 |
| Cash ratio | 0.60 | 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 |
September 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($169,732K
+ $51,426K)
÷ $366,153K
= 0.60
The cash ratio of Sonos Inc has shown fluctuating trends over the past few years. The cash ratio provides insight into the company's ability to cover its short-term liabilities with its cash and cash equivalents.
The cash ratio of Sonos Inc has ranged from 0.51 to 1.72 over the last 8 quarters, indicating variations in the company's liquidity position. A cash ratio above 1 suggests that the company has sufficient cash on hand to cover its short-term obligations.
It is notable that the cash ratio has been above 1 for most of the quarters, indicating that Sonos Inc has generally been able to meet its short-term obligations comfortably with its available cash and cash equivalents. However, the ratio has shown some volatility, with significant fluctuations observed in certain quarters.
Overall, the trend in Sonos Inc's cash ratio suggests that the company has managed its liquidity effectively, maintaining a strong cash position to meet its short-term financial obligations. Further analysis would be needed to understand the specific factors driving the fluctuations in the cash ratio over the periods.
Peer comparison
Sep 30, 2024