YETI Holdings Inc (YETI)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 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 | 72,515 | 34,557 | 38,023 | 19,008 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 95,774 | 127,896 | 131,599 | — | 79,446 | — | — | — | 109,530 | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 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 | 0.43 | 0.17 | 0.19 | 0.11 |
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 shown fluctuations over the periods provided. A quick ratio above 1 indicates that the company has more liquid assets to cover its current liabilities, which is typically a favorable indication of short-term financial health.
In more recent periods, such as December 2023 and September 2023, the quick ratio has been relatively strong at 1.34 and 1.13 respectively, suggesting that the company has sufficient liquid assets to cover its short-term obligations.
However, there was a notable decline in the quick ratio in the March 2023 period, dropping to 0.51. This could be a cause for concern as it indicates a potential liquidity strain in meeting short-term liabilities.
It is worth noting that the quick ratio has shown improvement from previous periods, such as in March 2021 and September 2020 where it was below 1, indicating a lower amount of liquid assets to cover current liabilities.
Overall, while the quick ratio of YETI Holdings Inc has exhibited some volatility, it is essential to monitor trends and the absolute values over time to assess the company's ability to meet its short-term obligations effectively.
Peer comparison
Dec 31, 2023