Vista Outdoor Inc (VSTO)
Cash ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 60,271 | 86,208 | 22,584 | 243,265 | 31,375 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 385,298 | 453,871 | 393,873 | 370,817 | 246,701 |
| Cash ratio | 0.16 | 0.19 | 0.06 | 0.66 | 0.13 |
March 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($60,271K
+ $—K)
÷ $385,298K
= 0.16
The cash ratio of Vista Outdoor Inc has varied over the past five years. The cash ratio was 0.16 as of March 31, 2024, indicating that the company has $0.16 in cash and cash equivalents for every $1 of current liabilities. This ratio decreased from 0.19 in the previous year, suggesting a potential decrease in liquidity.
In comparison to March 31, 2022, where the cash ratio was 0.06, the company had a higher level of liquidity in 2024. However, the cash ratio was significantly higher in March 31, 2021, at 0.66, indicating a substantial amount of cash and cash equivalents relative to current liabilities at that time.
The cash ratio was 0.13 as of March 31, 2020, which was lower than the most recent ratio but higher than the ratio in 2022. This suggests some fluctuation in the company's liquidity position over the years.
Overall, the trend in the cash ratio of Vista Outdoor Inc shows fluctuations, which may indicate changes in the company's cash management practices and liquidity position over the years. Investors and stakeholders may consider assessing the reasons behind these fluctuations to evaluate the company's financial health accurately.
Peer comparison
Mar 31, 2024