American Eagle Outfitters Inc (AEO)

Quick ratio

		Feb 3, 2024	Oct 28, 2023	Jul 29, 2023	Apr 29, 2023	Jan 28, 2023	Oct 29, 2022	Jul 30, 2022	Apr 30, 2022	Jan 29, 2022	Oct 30, 2021	Jul 31, 2021	Jan 30, 2021	Oct 31, 2020	Aug 1, 2020	May 2, 2020	Feb 1, 2020	Nov 2, 2019	Aug 3, 2019	May 4, 2019	Feb 2, 2019
Cash	US$ in thousands	354,094	240,940	175,315	117,841	170,209	82,133	98,214	228,775	434,770	740,668	773,994	850,477	692,356	898,787	855,769	361,930	214,514	267,166	304,671	333,330
Short-term investments	US$ in thousands	100,000	—	388	384	85,249	384	104	103	—	83,602	50,000	75,000	325,507	—	29,956	55,000	50,000	50,000	45,000	92,135
Receivables	US$ in thousands	247,934	239,374	271,333	259,074	252,358	250,879	220,803	230,469	296,493	228,461	155,361	159,339	124,560	107,243	106,751	119,064	112,304	98,604	73,836	93,477
Total current liabilities	US$ in thousands	891,172	831,231	762,476	716,437	768,948	685,430	718,061	737,479	842,871	869,572	769,218	858,482	894,336	840,414	662,227	751,756	810,152	763,646	649,797	542,645
Quick ratio		0.79	0.58	0.59	0.53	0.66	0.49	0.44	0.62	0.87	1.21	1.27	1.26	1.28	1.20	1.50	0.71	0.47	0.54	0.65	0.96

February 3, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($354,094K + $100,000K + $247,934K) ÷ $891,172K
= 0.79

The quick ratio of American Eagle Outfitters Inc has shown fluctuations over the reporting periods. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio of less than 1 indicates that the company may have difficulty meeting its short-term liabilities.

In the most recent period, as of February 3, 2024, the quick ratio stood at 0.79, which suggests that the company may have some challenges in meeting its short-term obligations using its quick assets. This was an improvement compared to the previous period, where the quick ratio was 0.58 on October 28, 2023.

The company's highest quick ratio was seen on May 2, 2020, at 1.50, indicating a strong ability to cover its short-term liabilities with its liquid assets. However, this ratio has been more volatile in recent periods, with fluctuations between 0.44 and 1.50.

Overall, it is important for American Eagle Outfitters Inc to closely monitor its quick ratio to ensure that it maintains a healthy level of liquidity to meet its short-term obligations.