Academy Sports Outdoors Inc (ASO)

Cash 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 May 1, 2021 Jan 30, 2021 Oct 31, 2020
Cash and cash equivalents US$ in thousands 347,920 274,827 311,336 295,536 337,145 318,167 399,857 472,395 485,998 401,297 553,825 593,288 377,604 869,725
Short-term investments US$ in thousands
Total current liabilities US$ in thousands 879,858 1,172,620 1,019,780 1,049,360 1,038,720 1,191,210 1,119,630 1,188,570 1,127,110 1,313,380 1,181,560 1,239,230 1,167,090 1,241,100
Cash ratio 0.40 0.23 0.31 0.28 0.32 0.27 0.36 0.40 0.43 0.31 0.47 0.48 0.32 0.70

February 3, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($347,920K + $—K) ÷ $879,858K
= 0.40

The cash ratio of Academy Sports Outdoors Inc has shown fluctuation over the past several periods, ranging from a low of 0.23 to a high of 0.70. The cash ratio indicates the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio suggests a stronger ability to meet short-term obligations without relying on external sources of financing.

The trend of the cash ratio for Academy Sports Outdoors Inc seems to be somewhat erratic, with no discernible pattern in the fluctuations. However, the company has maintained a generally healthy cash position, with most ratios above the industry average of around 0.20 to 0.30. This indicates that the company has a relatively strong liquidity position and is able to cover its short-term obligations comfortably using its available cash reserves.

It is important for investors and stakeholders to monitor the cash ratio over time to assess the company's liquidity position and its ability to weather any potential financial challenges. Overall, a cash ratio above 1.0 is considered ideal, as it implies the company has more cash on hand than its short-term liabilities, providing a cushion for unexpected expenses or downturns in business.


Peer comparison

Feb 3, 2024

Company name
Symbol
Cash ratio
Academy Sports Outdoors Inc
ASO
0.40
Dick’s Sporting Goods Inc
DKS
0.65
ODP Corp
ODP
0.23