YETI Holdings Inc (YETI)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 438,960 | 234,741 | 312,189 | 253,283 | 72,515 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 398,353 | 409,040 | 403,713 | 287,759 | 170,312 |
| Cash ratio | 1.10 | 0.57 | 0.77 | 0.88 | 0.43 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($438,960K
+ $—K)
÷ $398,353K
= 1.10
The cash ratio of YETI Holdings Inc has shown a fluctuating trend over the past five years. Starting at 0.43 in 2019, the ratio increased to 0.88 in 2020, indicating an improvement in the company's ability to cover its short-term liabilities with cash. However, in the following years, the ratio exhibited some volatility, with a decrease to 0.77 in 2021, a further decline to 0.57 in 2022, and a subsequent increase to 1.10 in 2023.
The cash ratio in 2023 stands at 1.10, indicating that the company has $1.10 of cash available for every dollar of current liabilities. This suggests that YETI Holdings Inc has a strong liquidity position in 2023. The significant improvement in the cash ratio from the previous year could be attributed to an increase in cash reserves or a reduction in current liabilities. Overall, the recent uptrend in the cash ratio reflects a positive liquidity position for YETI Holdings Inc, providing a buffer to meet its short-term obligations.
Peer comparison
Dec 31, 2023