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