YETI Holdings Inc (YETI)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 358,795 | 280,464 | 212,937 | 173,911 | 438,960 | 281,360 | 223,136 | 167,841 | 234,741 | 77,763 | 91,994 | 100,330 | 312,189 | 259,317 | 233,773 | 190,293 | 253,283 | 234,813 | 127,467 | 118,219 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 120,190 | 143,673 | 159,050 | 108,350 | 95,774 | 127,896 | 131,599 | — | 79,446 | — | — | — | 109,530 | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 1.26 | 1.29 | 1.06 | 0.94 | 1.34 | 1.13 | 1.03 | 0.51 | 0.77 | 0.28 | 0.24 | 0.29 | 1.04 | 0.79 | 0.77 | 0.75 | 0.88 | 1.07 | 0.97 | 0.79 |
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, also known as the acid-test ratio, measures a company’s ability to meet its short-term obligations using its most liquid assets. A quick ratio of 1 or higher is generally considered healthy as it indicates that a company can cover its short-term liabilities without relying heavily on the sale of inventory.
Analyzing the quick ratio of YETI Holdings Inc over the past few years, we observe fluctuations in the ratio. As of December 31, 2024, the quick ratio stands at 1.26, indicating that the company possesses $1.26 in liquid assets for every $1 of current liabilities. This suggests that YETI Holdings Inc is in a strong position to meet its short-term financial obligations.
The trend in the quick ratio shows variability over time. Notably, the ratio dipped to as low as 0.24 on June 30, 2022, reflecting a potential liquidity strain during that period. However, the ratio has since improved and reached above 1 in recent quarters, indicating a better ability to cover short-term liabilities.
It is essential for investors and stakeholders to monitor the quick ratio of YETI Holdings Inc closely to assess the company's liquidity position and ability to meet its short-term obligations effectively.
Peer comparison
Dec 31, 2024