YETI Holdings Inc (YETI)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 914,405 | 718,920 | 770,167 | 476,497 | 360,547 |
| Total current liabilities | US$ in thousands | 398,353 | 409,040 | 403,713 | 287,759 | 170,312 |
| Current ratio | 2.30 | 1.76 | 1.91 | 1.66 | 2.12 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $914,405K ÷ $398,353K
= 2.30
The current ratio of YETI Holdings Inc has fluctuated over the past five years, ranging from 1.66 in 2020 to 2.30 in 2023. Generally, a current ratio above 1 indicates that a company has more current assets than current liabilities, suggesting it should be able to meet its short-term obligations.
In 2023, the current ratio improved to 2.30, indicating that the company's current assets have increased compared to its current liabilities, providing a higher level of financial flexibility. This could suggest improved liquidity and the ability to cover short-term obligations more comfortably.
However, it's important to note that changes in the current ratio can be influenced by various factors, such as changes in inventory levels, accounts receivable, and accounts payable. Therefore, further analysis of the individual components of current assets and liabilities would provide a more comprehensive understanding of YETI Holdings Inc's liquidity position.
Peer comparison
Dec 31, 2023