YETI Holdings Inc (YETI)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 826,766 | 914,405 | 718,920 | 770,167 | 476,497 |
| Total current liabilities | US$ in thousands | 379,504 | 398,353 | 409,040 | 403,713 | 287,759 |
| Current ratio | 2.18 | 2.30 | 1.76 | 1.91 | 1.66 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $826,766K ÷ $379,504K
= 2.18
The current ratio of YETI Holdings Inc has shown an improving trend over the past five years. It increased from 1.66 as of December 31, 2020, to 2.18 as of December 31, 2024. This indicates that the company's ability to meet its short-term obligations with its current assets has strengthened over the period. The current ratio surpassed 2 in the most recent year, suggesting a healthier financial position and improved liquidity. Overall, the trending current ratio reflects a positive financial health and operational efficiency of YETI Holdings Inc.
Peer comparison
Dec 31, 2024