YETI Holdings Inc (YETI)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 360,547 | 331,772 | 312,995 | 266,374 |
| 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 |
| Current ratio | 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 | 2.12 | 1.65 | 1.58 | 1.54 |
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 exhibited fluctuations over the past few quarters. The current ratio indicates the company's ability to meet short-term obligations with its current assets. A ratio above 1 implies that the company has more current assets than current liabilities, which is favorable.
YETI's current ratio has generally been above 1, reflecting a healthy liquidity position. The current ratio was relatively stable around 2 for most of 2022, indicating a strong ability to cover short-term obligations. In the first half of 2023, the ratio dipped slightly but remained above 2, suggesting continued liquidity strength.
The ratio saw a significant decline in the last two quarters of 2023, dropping to 1.99 and 1.76 respectively. Although still above 1, these lower figures may raise concerns about the company's ability to cover short-term obligations. Further monitoring of YETI's liquidity position is advisable to assess any potential impact on its financial stability.
Peer comparison
Dec 31, 2023