YETI Holdings Inc (YETI)

Cash ratio

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 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
Cash and cash equivalents US$ in thousands 358,795 280,464 212,937 173,911 438,960 281,360 223,136 167,841 234,741 77,763 91,994 100,330 312,189 259,317 233,773 190,293 253,283 234,813 127,467 118,219
Short-term investments US$ in thousands
Total current liabilities US$ in thousands 379,504 328,126 351,860 298,770 398,353 360,829 344,916 329,799 409,040 275,631 391,408 350,067 403,713 329,875 304,005 253,011 287,759 219,552 131,166 150,577
Cash ratio 0.95 0.85 0.61 0.58 1.10 0.78 0.65 0.51 0.57 0.28 0.24 0.29 0.77 0.79 0.77 0.75 0.88 1.07 0.97 0.79

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 measures a company's ability to cover its short-term liabilities with its available cash and cash equivalents. A higher cash ratio indicates a stronger liquidity position, as the company has more cash to cover its immediate obligations.

Analyzing YETI Holdings Inc's cash ratio over the period from March 31, 2020, to December 31, 2024, we can observe fluctuations in the ratio. The ratio ranged from a low of 0.24 on June 30, 2022, to a high of 1.10 on December 31, 2023.

The trend in the cash ratio shows some degree of volatility, with peaks and troughs observed throughout the period. The ratio improved from March 31, 2020, to December 31, 2021, reaching a peak of 1.07 on September 30, 2020. However, there was a decline in the ratio in the following quarters.

It is essential to note that a lower cash ratio may indicate a potential liquidity risk for the company, as it may struggle to meet its short-term obligations. On the other hand, a higher cash ratio provides a sense of security and financial stability, indicating that the company has sufficient resources to cover its immediate liabilities.

Overall, monitoring YETI Holdings Inc's cash ratio can provide insights into its liquidity position and financial health, allowing stakeholders to assess the company's ability to meet its short-term obligations.


Peer comparison

Dec 31, 2024

Company name
Symbol
Cash ratio
YETI Holdings Inc
YETI
0.95
Acushnet Holdings Corp
GOLF
0.19
Callaway Golf Company
MODG
0.54