Sonos Inc (SONO)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 131,581 | 69,725 | 80,811 | 67,583 | 114,658 | — | 109,703 | 101,206 | — | — | — | 100,779 | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 1.11 | 1.19 | 1.46 | 0.81 | 1.11 | 0.84 | 1.13 | 0.70 | 0.87 | 1.31 | 1.26 | 1.56 | 1.67 | 1.72 | 1.49 | 1.04 | 1.28 | 1.33 | 1.09 | 0.84 |
June 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($227,114K
+ $49,515K
+ $131,581K)
÷ $366,881K
= 1.11
The quick ratio of Sonos Inc has fluctuated over the past few quarters, indicating varying levels of the company's ability to meet its short-term obligations with its most liquid assets. In the most recent quarter, as of June 30, 2024, the quick ratio was 1.11, suggesting that the company had $1.11 in liquid assets available to cover each dollar of its current liabilities.
Comparing this to previous quarters, we see a downward trend from the high of 1.72 in March 31, 2021, indicating a potential decrease in the company's short-term liquidity position. The lowest quick ratio was observed on September 30, 2022, at 0.70, signaling a potential liquidity crunch during that period.
Overall, the quick ratio of Sonos Inc has displayed variability, with both strengths and weaknesses in its short-term liquidity management. Further analysis of the company's financial performance and management of current assets and liabilities would be necessary to understand the factors driving these fluctuations in the quick ratio.
Peer comparison
Jun 30, 2024