Vista Outdoor Inc (VSTO)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,075,120 | 1,136,200 | 1,187,890 | 1,218,110 | 1,196,110 | 1,335,980 | 1,391,870 | 1,183,060 | 1,110,940 | 1,102,260 | 1,292,610 | 1,120,020 | 1,064,230 | 826,619 | 784,785 | 722,142 | 709,990 | 705,426 | 773,420 | 1,002,250 |
| 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 |
| Current ratio | 2.79 | 2.58 | 2.30 | 2.33 | 2.64 | 2.39 | 2.28 | 2.81 | 2.82 | 2.64 | 3.27 | 3.07 | 2.87 | 2.52 | 2.46 | 2.68 | 2.88 | 2.90 | 2.79 | 2.96 |
March 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,075,120K ÷ $385,298K
= 2.79
The current ratio of Vista Outdoor Inc has exhibited some fluctuations over the periods displayed. The current ratio measures the company's ability to meet its short-term obligations with its current assets.
Looking at the trend over the periods, we can see that the current ratio has ranged from a low of 2.28 to a high of 3.27. Generally, a current ratio above 2 is considered healthy, indicating that the company has more than enough current assets to cover its short-term liabilities.
Specifically, in recent quarters, the current ratio has been above 2, implying that Vista Outdoor Inc has a strong ability to cover its current liabilities with its current assets. However, it is worth noting that the ratio showed some volatility, with fluctuations between quarters.
Investors and analysts should continue to monitor the current ratio of Vista Outdoor Inc to assess the company's liquidity position and ability to meet its short-term financial obligations effectively.
Peer comparison
Mar 31, 2024