YETI Holdings Inc (YETI)
Cash ratio
| 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 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 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 | 72,515 | 34,557 | 38,023 | 19,008 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 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 | 170,312 | 201,097 | 198,166 | 172,502 |
| Cash ratio | 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 | 0.43 | 0.17 | 0.19 | 0.11 |
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 fluctuations over the past few quarters. The cash ratio was 1.10 as of December 31, 2023, indicating that the company had $1.10 of cash and cash equivalents for every dollar of current liabilities. This suggests a strong ability to cover short-term obligations with cash on hand.
However, the cash ratio decreased to 0.78 as of September 30, 2023, before further declining to 0.65 and 0.51 in the subsequent quarters. These lower ratios may indicate a decreasing ability to cover current liabilities solely with cash.
The lowest cash ratio observed in this period was 0.11 as of March 31, 2019, which suggests a potential liquidity concern as the company had only $0.11 in cash and cash equivalents for every dollar of current liabilities.
Overall, analyzing the trend of the cash ratio for YETI Holdings Inc can provide insights into the company's liquidity position and its ability to meet short-term financial obligations using available cash resources.
Peer comparison
Dec 31, 2023