YETI Holdings Inc (YETI)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 358,795 | 438,960 | 234,741 | 312,189 | 253,283 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 120,190 | 95,774 | 79,446 | 109,530 | 65,417 |
| Total current liabilities | US$ in thousands | 379,504 | 398,353 | 409,040 | 403,713 | 287,759 |
| Quick ratio | 1.26 | 1.34 | 0.77 | 1.04 | 1.11 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($358,795K
+ $—K
+ $120,190K)
÷ $379,504K
= 1.26
The quick ratio of YETI Holdings Inc has exhibited some fluctuations over the past five years. It stood at 1.11 on December 31, 2020, indicating that the company had $1.11 in liquid assets available to cover each dollar of its current liabilities. However, this ratio decreased to 1.04 by December 31, 2021, showing a slight decline in the company's short-term liquidity position.
On December 31, 2022, the quick ratio dropped further to 0.77, signaling a potential liquidity challenge as the company had less than $1 in liquid assets for every dollar of current liabilities. However, YETI Holdings Inc managed to improve its liquidity position significantly by December 31, 2023, with a quick ratio of 1.34, indicating a healthier liquidity position.
As of December 31, 2024, the quick ratio was recorded at 1.26, demonstrating that the company continued to maintain a relatively strong short-term liquidity position. Overall, fluctuations in the quick ratio of YETI Holdings Inc highlight the importance of closely monitoring its ability to meet short-term obligations with liquid assets.
Peer comparison
Dec 31, 2024