USANA Health Sciences Inc (USNA)
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 | 330,420 | 307,081 | 300,183 | 295,454 | 288,420 | 246,879 | 230,370 | 237,753 | 239,832 | 248,695 | 265,368 | 256,964 | 311,917 | 278,418 | 227,368 | 194,098 | 234,830 | 182,748 | 231,353 | 225,041 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 2,999 | 26,854 |
| Receivables | US$ in thousands | 7,201 | — | — | — | 7,213 | — | — | — | 7,163 | — | — | — | 7,420 | — | — | — | 8,762 | — | — | — |
| Total current liabilities | US$ in thousands | 118,845 | 112,559 | 113,839 | 130,222 | 143,833 | 125,846 | 133,594 | 157,967 | 160,790 | 157,964 | 153,000 | 151,452 | 168,073 | 160,863 | 139,717 | 124,504 | 136,098 | 129,646 | 128,759 | 129,992 |
| Quick ratio | 2.84 | 2.73 | 2.64 | 2.27 | 2.06 | 1.96 | 1.72 | 1.51 | 1.54 | 1.57 | 1.73 | 1.70 | 1.90 | 1.73 | 1.63 | 1.56 | 1.79 | 1.41 | 1.82 | 1.94 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($330,420K
+ $—K
+ $7,201K)
÷ $118,845K
= 2.84
The quick ratio of USANA Health Sciences Inc has shown a generally increasing trend over the past five years, indicating an improvement in the company's short-term liquidity position. The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets, excluding inventory.
As of December 31, 2023, the quick ratio stood at 2.84, demonstrating that the company had $2.84 in liquid assets available to cover each dollar of current liabilities. This indicates a strong liquidity position and suggests that the company is well-equipped to meet its short-term financial obligations.
The consistent increase in the quick ratio from 1.79 in December 2019 to 2.84 in December 2023 reflects the company's efforts in managing its working capital efficiently and improving its liquidity position. This upward trend is a positive indicator of the company's financial health.
Overall, the increasing trend in USANA Health Sciences Inc's quick ratio signifies a strong liquidity position and a healthy balance between current assets and current liabilities, which is essential for sustaining operations and meeting financial obligations in the short term.