As of June 10, 2025, Turtle Beach Corp (HEAR) reports a Current Ratio of 2.22.
Current Ratio assesses a company's ability to pay short-term debts by comparing liquid assets to liabilities, with higher ratios signaling better financial health.
Historical Trend of Turtle Beach Corp's Current Ratio
Over recent years, Turtle Beach Corp's Current Ratio has shown a moderate pattern. The table below summarizes the historical values:
| Date | Current Ratio |
|---|---|
| 2023-12-31 | 2.22 |
| 2022-12-31 | 2.10 |
| 2021-12-31 | 2.47 |
| 2020-12-31 | 2.16 |
| 2019-12-31 | 1.59 |
This slight upward trend highlights how Turtle Beach Corp manages its short-term assets and liabilities over time.
Comparing Turtle Beach Corp's Current Ratio to Peers
To better understand Turtle Beach Corp's position, it's useful to compare its Current Ratio against industry peers. Below are selected comparisons:
| Company | Current Ratio |
|---|---|
| Turtle Beach Corp (HEAR) | 2.22 |
| Koss Corp (KOSS) | 16.89 |
| Emerson Radio Corp (MSN) | 14.49 |
| Vuzix Corp (VUZI) | 12.65 |
| Garmin Ltd (GRMN) | 3.54 |
| QEP Co Inc (QEPC) | 2.87 |
Compared to its competitors, Turtle Beach Corp's Current Ratio is among the highest compared to peers, indicating strong short-term financial flexibility but potentially excess cash that could be invested.