YETI Holdings Inc (YETI)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 826,766 | 846,319 | 807,249 | 703,185 | 914,405 | 791,332 | 721,924 | 654,886 | 718,920 | 644,668 | 717,025 | 635,942 | 770,167 | 632,198 | 561,161 | 465,736 | 476,497 | 454,703 | 367,414 | 400,645 |
| 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 |
| Current ratio | 2.18 | 2.58 | 2.29 | 2.35 | 2.30 | 2.19 | 2.09 | 1.99 | 1.76 | 2.34 | 1.83 | 1.82 | 1.91 | 1.92 | 1.85 | 1.84 | 1.66 | 2.07 | 2.80 | 2.66 |
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 fluctuations over the past few years, indicating changes in the company's liquidity position. The ratio, which measures the company's ability to cover its short-term liabilities with its current assets, started at a strong level of 2.66 as of March 31, 2020, and reached its peak at 2.80 by June 30, 2020.
However, the ratio experienced a decline over the following quarters, dropping to 1.66 by December 31, 2020, reflecting potential liquidity challenges during that period. Subsequently, the company took steps to improve its liquidity position, with the ratio gradually increasing to 2.58 as of September 30, 2024.
Overall, the current ratio of YETI Holdings Inc has demonstrated some variability but has generally maintained above-average levels, which suggests that the company has had a relatively healthy ability to meet its short-term obligations with its current assets throughout the period under review. It is important for stakeholders to continue monitoring the trend of this ratio to assess the company's ongoing liquidity management.
Peer comparison
Dec 31, 2024