Vista Outdoor Inc (VSTO)
Quick ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 60,271 | 86,208 | 22,584 | 243,265 | 31,375 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 355,903 | 339,373 | 356,773 | 301,575 | 313,517 |
| Total current liabilities | US$ in thousands | 385,298 | 453,871 | 393,873 | 370,817 | 246,701 |
| Quick ratio | 1.08 | 0.94 | 0.96 | 1.47 | 1.40 |
March 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($60,271K
+ $—K
+ $355,903K)
÷ $385,298K
= 1.08
The quick ratio of Vista Outdoor Inc has fluctuated over the past five years. As of March 31, 2024, the quick ratio stands at 1.08, indicating the company's ability to meet short-term obligations with its most liquid assets. Compared to the previous year, the quick ratio has improved from 0.94 in 2023 to 1.08 in 2024, which suggests a better short-term liquidity position.
In 2022, the quick ratio was 0.96, showing a slight decrease compared to the current year. The quick ratio was notably higher in 2021 at 1.47, signifying a stronger ability to cover short-term liabilities with liquid assets. Similarly, in 2020, the quick ratio was 1.40, indicating a favorable liquidity position.
Overall, the trend in Vista Outdoor Inc's quick ratio demonstrates fluctuations but generally reflects a reasonable ability to meet short-term obligations with liquid assets, with 2021 representing a particularly strong liquidity position.
Peer comparison
Mar 31, 2024