Abercrombie & Fitch Company (ANF)
Quick ratio
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Feb 3, 2024 | Jan 31, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 772,727 | 683,089 | 738,402 | 864,195 | 900,884 | 900,884 | 649,489 | 649,489 | 617,339 | 617,339 | 446,952 | 446,952 | 517,602 | 517,602 | 257,332 | 257,332 | 369,957 | 369,957 | 468,378 | 823,139 |
| Short-term investments | US$ in thousands | 116,221 | 55,790 | — | — | — | 0 | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | 78,346 | — | — | 96,762 | — | 112,597 | — | 106,149 | — | 104,506 | — | 108,468 | — | 79,820 | — | — |
| Total current liabilities | US$ in thousands | 1,126,940 | 1,182,090 | 1,051,660 | 919,699 | 966,820 | 966,820 | 1,027,140 | 1,027,140 | 936,480 | 936,480 | 769,461 | 769,461 | 902,200 | 902,200 | 935,492 | 935,492 | 959,268 | 959,268 | 853,032 | 1,015,240 |
| Quick ratio | 0.79 | 0.63 | 0.70 | 0.94 | 1.01 | 0.93 | 0.63 | 0.73 | 0.66 | 0.78 | 0.58 | 0.72 | 0.57 | 0.69 | 0.28 | 0.39 | 0.39 | 0.47 | 0.55 | 0.81 |
January 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($772,727K
+ $116,221K
+ $—K)
÷ $1,126,940K
= 0.79
The quick ratio, also known as the acid-test ratio, assesses a company's ability to meet its short-term obligations with its most liquid assets. Abercrombie & Fitch Company's quick ratio has fluctuated over time, ranging from a low of 0.28 on October 31, 2022, to a high of 1.01 on February 3, 2024.
A quick ratio below 1.0 may indicate potential liquidity issues, as it suggests the company may have difficulty meeting its short-term obligations with its current assets excluding inventory. Abercrombie & Fitch's quick ratio fell below 1.0 multiple times, with notable dips on July 31, 2022 (0.39), October 31, 2022 (0.28), and October 31, 2024 (0.63).
However, the company showed improvement in liquidity at certain points, such as February 3, 2024, when the quick ratio exceeded 1.0, indicating a stronger ability to cover immediate liabilities without relying on selling inventory.
Overall, fluctuations in Abercrombie & Fitch's quick ratio suggest varying levels of liquidity and potentially highlight the company's ability to manage short-term obligations with its liquid assets over the analyzed period.
Peer comparison
Jan 31, 2025