Analysis of Liquidity Ratios
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Deckers Outdoor Corp., liquidity ratios
Based on: 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Deckers Outdoor Corp. current ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Deckers Outdoor Corp. quick ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Deckers Outdoor Corp. cash ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
Current Ratio
Deckers Outdoor Corp., current ratio calculation, comparison to benchmarks
| Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | Mar 31, 2019 | Mar 31, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Current assets | 1,910,253) | 1,752,128) | 1,650,799) | 1,194,111) | 1,095,405) | 910,690) | |
| Current liabilities | 497,380) | 541,684) | 468,368) | 300,946) | 250,524) | 189,166) | |
| Liquidity Ratio | |||||||
| Current ratio1 | 3.84 | 3.23 | 3.52 | 3.97 | 4.37 | 4.81 | |
| Benchmarks | |||||||
| Current Ratio, Competitors2 | |||||||
| lululemon athletica inc. | 2.12 | 1.86 | 2.41 | 2.91 | 2.86 | — | |
| Nike Inc. | 2.72 | 2.63 | 2.72 | 2.48 | 2.10 | — | |
| Current Ratio, Sector | |||||||
| Consumer Durables & Apparel | 2.64 | 2.54 | 2.69 | 2.51 | — | — | |
| Current Ratio, Industry | |||||||
| Consumer Discretionary | 1.20 | 1.15 | 1.25 | 1.18 | — | — | |
Based on: 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31).
1 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 1,910,253 ÷ 497,380 = 3.84
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Deckers Outdoor Corp. current ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Quick Ratio
Deckers Outdoor Corp., quick ratio calculation, comparison to benchmarks
| Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | Mar 31, 2019 | Mar 31, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Cash and cash equivalents | 981,795) | 843,527) | 1,089,361) | 649,436) | 589,692) | 429,970) | |
| Trade accounts receivable, net of allowances | 301,511) | 302,688) | 215,718) | 185,596) | 178,602) | 143,704) | |
| Total quick assets | 1,283,306) | 1,146,215) | 1,305,079) | 835,032) | 768,294) | 573,674) | |
| Current liabilities | 497,380) | 541,684) | 468,368) | 300,946) | 250,524) | 189,166) | |
| Liquidity Ratio | |||||||
| Quick ratio1 | 2.58 | 2.12 | 2.79 | 2.77 | 3.07 | 3.03 | |
| Benchmarks | |||||||
| Quick Ratio, Competitors2 | |||||||
| lululemon athletica inc. | 0.86 | 0.95 | 1.37 | 1.83 | 1.83 | — | |
| Nike Inc. | 1.60 | 1.65 | 1.85 | 1.39 | 1.14 | — | |
| Quick Ratio, Sector | |||||||
| Consumer Durables & Apparel | 1.50 | 1.57 | 1.81 | 1.42 | — | — | |
| Quick Ratio, Industry | |||||||
| Consumer Discretionary | 0.85 | 0.81 | 0.92 | 0.88 | — | — | |
Based on: 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31).
1 2023 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 1,283,306 ÷ 497,380 = 2.58
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Deckers Outdoor Corp. quick ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
Cash Ratio
Deckers Outdoor Corp., cash ratio calculation, comparison to benchmarks
| Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | Mar 31, 2019 | Mar 31, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Cash and cash equivalents | 981,795) | 843,527) | 1,089,361) | 649,436) | 589,692) | 429,970) | |
| Total cash assets | 981,795) | 843,527) | 1,089,361) | 649,436) | 589,692) | 429,970) | |
| Current liabilities | 497,380) | 541,684) | 468,368) | 300,946) | 250,524) | 189,166) | |
| Liquidity Ratio | |||||||
| Cash ratio1 | 1.97 | 1.56 | 2.33 | 2.16 | 2.35 | 2.27 | |
| Benchmarks | |||||||
| Cash Ratio, Competitors2 | |||||||
| lululemon athletica inc. | 0.77 | 0.90 | 1.30 | 1.76 | 1.76 | — | |
| Nike Inc. | 1.15 | 1.21 | 1.39 | 1.06 | 0.59 | — | |
| Cash Ratio, Sector | |||||||
| Consumer Durables & Apparel | 1.10 | 1.17 | 1.39 | 1.11 | — | — | |
| Cash Ratio, Industry | |||||||
| Consumer Discretionary | 0.48 | 0.47 | 0.63 | 0.58 | — | — | |
Based on: 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31).
1 2023 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 981,795 ÷ 497,380 = 1.97
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Deckers Outdoor Corp. cash ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |