Vista Outdoor Inc (VSTO)
Quick 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 | 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 |
| Receivables | US$ in thousands | 355,903 | 387,702 | 410,122 | 391,464 | 339,373 | 416,711 | 480,713 | 436,371 | 356,773 | 416,903 | 417,927 | 353,686 | 301,575 | 348,923 | 358,375 | 327,982 | 313,517 | 316,452 | 363,113 | 363,364 |
| 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 |
| Quick ratio | 1.08 | 1.01 | 0.87 | 0.87 | 0.94 | 0.88 | 0.89 | 1.13 | 0.96 | 1.09 | 1.73 | 1.54 | 1.47 | 1.36 | 1.29 | 1.35 | 1.40 | 1.43 | 1.39 | 1.17 |
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 exhibited some fluctuations over the past few quarters. The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. A quick ratio above 1.0 indicates that a company has enough liquid assets to cover its current liabilities.
From the data provided:
- The quick ratio has generally been above 1.0 in recent quarters, indicating that Vista Outdoor has had sufficient liquid assets to cover its short-term obligations.
- The quick ratio peaked at 1.73 in the third quarter of 2021, which suggests strong liquidity at that time.
- However, there have been some fluctuations in the quick ratio, with values ranging from 0.87 to 1.13 in the last eight quarters.
- The most recent quick ratio as of March 31, 2024, stood at 1.08, indicating a healthy liquidity position.
Overall, Vista Outdoor Inc's quick ratio trends suggest a generally strong liquidity position, with varying levels of ability to cover short-term obligations over the analyzed periods. It is important for investors and stakeholders to continue monitoring the company's liquidity position to assess its ability to meet financial commitments in the short term.
Peer comparison
Mar 31, 2024