Analysis of Liquidity Ratios
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
e.l.f. Beauty, Inc., liquidity ratios
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Current ratio | 1.59 | 2.81 | 2.97 | 2.32 | 2.59 | |
| Quick ratio | 0.78 | 1.75 | 1.37 | 1.34 | 1.48 | |
| Cash ratio | 0.36 | 1.12 | 0.67 | 0.79 | 0.90 |
Based on: 10-K (reporting date: 2024-03-31), 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).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | e.l.f. Beauty, Inc. current ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | e.l.f. Beauty, Inc. quick ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | e.l.f. Beauty, Inc. cash ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Current Ratio
e.l.f. Beauty, Inc., current ratio calculation, comparison to benchmarks
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Current assets | 477,077) | 303,325) | 193,029) | 170,144) | 132,360) | |
| Current liabilities | 299,115) | 107,976) | 65,017) | 73,331) | 51,123) | |
| Liquidity Ratio | ||||||
| Current ratio1 | 1.59 | 2.81 | 2.97 | 2.32 | 2.59 | |
| Benchmarks | ||||||
| Current Ratio, Competitors2 | ||||||
| Procter & Gamble Co. | 0.73 | 0.63 | 0.65 | 0.70 | 0.85 | |
| Current Ratio, Sector | ||||||
| Household & Personal Products | — | 0.64 | 0.66 | 0.70 | 0.85 | |
| Current Ratio, Industry | ||||||
| Consumer Staples | — | 0.84 | 0.88 | 0.92 | 0.92 | |
Based on: 10-K (reporting date: 2024-03-31), 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).
1 2024 Calculation
Current ratio = Current assets ÷ Current liabilities
= 477,077 ÷ 299,115 = 1.59
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. | e.l.f. Beauty, Inc. current ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Quick Ratio
e.l.f. Beauty, Inc., quick ratio calculation, comparison to benchmarks
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Cash and cash equivalents | 108,183) | 120,778) | 43,353) | 57,768) | 46,167) | |
| Accounts receivable, net | 123,797) | 67,928) | 45,567) | 40,185) | 29,721) | |
| Total quick assets | 231,980) | 188,706) | 88,920) | 97,953) | 75,888) | |
| Current liabilities | 299,115) | 107,976) | 65,017) | 73,331) | 51,123) | |
| Liquidity Ratio | ||||||
| Quick ratio1 | 0.78 | 1.75 | 1.37 | 1.34 | 1.48 | |
| Benchmarks | ||||||
| Quick Ratio, Competitors2 | ||||||
| Procter & Gamble Co. | 0.46 | 0.38 | 0.37 | 0.45 | 0.62 | |
| Quick Ratio, Sector | ||||||
| Household & Personal Products | — | 0.39 | 0.38 | 0.46 | 0.62 | |
| Quick Ratio, Industry | ||||||
| Consumer Staples | — | 0.37 | 0.39 | 0.43 | 0.47 | |
Based on: 10-K (reporting date: 2024-03-31), 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).
1 2024 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 231,980 ÷ 299,115 = 0.78
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. | e.l.f. Beauty, Inc. quick ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Cash Ratio
e.l.f. Beauty, Inc., cash ratio calculation, comparison to benchmarks
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Cash and cash equivalents | 108,183) | 120,778) | 43,353) | 57,768) | 46,167) | |
| Total cash assets | 108,183) | 120,778) | 43,353) | 57,768) | 46,167) | |
| Current liabilities | 299,115) | 107,976) | 65,017) | 73,331) | 51,123) | |
| Liquidity Ratio | ||||||
| Cash ratio1 | 0.36 | 1.12 | 0.67 | 0.79 | 0.90 | |
| Benchmarks | ||||||
| Cash Ratio, Competitors2 | ||||||
| Procter & Gamble Co. | 0.28 | 0.23 | 0.22 | 0.31 | 0.49 | |
| Cash Ratio, Sector | ||||||
| Household & Personal Products | — | 0.23 | 0.22 | 0.31 | 0.49 | |
| Cash Ratio, Industry | ||||||
| Consumer Staples | — | 0.23 | 0.24 | 0.30 | 0.34 | |
Based on: 10-K (reporting date: 2024-03-31), 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).
1 2024 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 108,183 ÷ 299,115 = 0.36
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. | e.l.f. Beauty, Inc. cash ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |