YETI Holdings Inc (YETI)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 438,960 | 234,741 | 312,189 | 253,283 | 72,515 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 95,774 | 79,446 | 109,530 | 65,417 | 82,688 |
| Total current liabilities | US$ in thousands | 398,353 | 409,040 | 403,713 | 287,759 | 170,312 |
| Quick ratio | 1.34 | 0.77 | 1.04 | 1.11 | 0.91 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($438,960K
+ $—K
+ $95,774K)
÷ $398,353K
= 1.34
The quick ratio of YETI Holdings Inc has fluctuated over the past five years. In 2023, the quick ratio improved to 1.34, indicating that the company had $1.34 of liquid assets available to cover each dollar of current liabilities. This suggests that YETI has a strong ability to meet its short-term obligations without relying heavily on inventory.
In contrast, the quick ratio was lower in 2022 at 0.77, which may raise concerns about the company's short-term liquidity. However, YETI improved its quick ratio in 2023, signifying a better liquidity position.
In 2021 and 2020, the quick ratio was relatively stable at 1.04 and 1.11, respectively, indicating a consistent ability to cover short-term liabilities with liquid assets.
In 2019, the quick ratio was 0.91, showing a slightly weaker liquidity position compared to the subsequent years.
Overall, YETI Holdings Inc's quick ratio has shown variability but has generally exhibited a sufficient liquidity position to meet its short-term obligations over the analyzed period.
Peer comparison
Dec 31, 2023