YETI Holdings Inc (YETI)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 358,795 | 438,960 | 234,741 | 312,189 | 253,283 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 379,504 | 398,353 | 409,040 | 403,713 | 287,759 |
| Cash ratio | 0.95 | 1.10 | 0.57 | 0.77 | 0.88 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($358,795K
+ $—K)
÷ $379,504K
= 0.95
The cash ratio of YETI Holdings Inc has exhibited fluctuations over the past five years. As of December 31, 2020, the cash ratio stood at 0.88, indicating that the company had $0.88 in cash and cash equivalents for every dollar of current liabilities. Subsequently, the cash ratio decreased to 0.77 by December 31, 2021, suggesting a slight decline in the company's ability to cover its short-term obligations with cash on hand.
By December 31, 2022, the cash ratio further decreased to 0.57, signaling a potential liquidity challenge for YETI Holdings Inc as the ratio fell below 1. However, the company's liquidity position improved significantly by December 31, 2023, with the cash ratio jumping to 1.10, indicating that it had more than enough cash to cover its short-term liabilities.
As of the most recent financial year ending December 31, 2024, the cash ratio for YETI Holdings Inc was 0.95, reflecting a relatively healthy liquidity position where the company had nearly enough cash to meet its short-term obligations. Overall, the trend in the cash ratio suggests some variability in YETI's liquidity management over the years, with the company demonstrating improved liquidity in certain periods but facing challenges in others.
Peer comparison
Dec 31, 2024