Vista Outdoor Inc (VSTO)
Cash ratio
| 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 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 60,271 | 57,028 | 39,954 | 63,163 | 86,208 | 77,426 | 66,065 | 36,612 | 22,584 | 39,641 | 265,301 | 208,670 | 243,265 | 96,467 | 52,956 | 36,059 | 31,375 | 32,068 | 22,811 | 31,595 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 24 | 63 | 219 |
| Total current liabilities | US$ in thousands | 385,298 | 440,032 | 517,451 | 522,001 | 453,871 | 559,584 | 611,435 | 420,415 | 393,873 | 417,417 | 395,193 | 364,383 | 370,817 | 328,249 | 319,039 | 269,127 | 246,701 | 243,509 | 277,419 | 338,193 |
| Cash ratio | 0.16 | 0.13 | 0.08 | 0.12 | 0.19 | 0.14 | 0.11 | 0.09 | 0.06 | 0.09 | 0.67 | 0.57 | 0.66 | 0.29 | 0.17 | 0.13 | 0.13 | 0.13 | 0.08 | 0.09 |
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 for Vista Outdoor Inc has displayed significant variability over the past few quarters. The ratio ranged from a low of 0.06 in March 2022 to a high of 0.67 in September 2021. This suggests that the company's ability to cover its short-term liabilities with cash and cash equivalents has fluctuated widely.
In recent quarters, the cash ratio has generally been below 0.20, indicating that Vista Outdoor Inc may have a relatively lower level of cash on hand compared to its current liabilities. This could potentially raise concerns about the company's short-term liquidity position.
The notable increase in the cash ratio in the September 2021 quarter to 0.67 reflects a significant improvement in Vista Outdoor Inc's ability to cover its short-term liabilities with cash. However, this seems to be an outlier within the dataset and is not consistent with the company's typical cash ratio performance.
Overall, the trend in Vista Outdoor Inc's cash ratio suggests a need for closer monitoring of the company's liquidity position to ensure it can meet its short-term obligations effectively.
Peer comparison
Mar 31, 2024