Academy Sports Outdoors Inc (ASO)
Quick ratio
| Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 288,929 | 347,920 | 347,920 | 337,145 | 337,145 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | 19,371 | — | — | 16,503 |
| Total current liabilities | US$ in thousands | 960,881 | 879,858 | 879,858 | 1,038,720 | 1,038,720 |
| Quick ratio | 0.30 | 0.42 | 0.40 | 0.32 | 0.34 |
January 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($288,929K
+ $—K
+ $—K)
÷ $960,881K
= 0.30
The quick ratio of Academy Sports Outdoors Inc has shown some variation over the years. As of January 28, 2023, the quick ratio was at 0.34, indicating that the company's ability to meet its short-term obligations with its most liquid assets was somewhat constrained. However, by January 31, 2024, the quick ratio had improved to 0.40, suggesting a better liquidity position. This trend continued into February 3, 2024, with the quick ratio further increasing to 0.42, indicating an enhanced ability to cover short-term liabilities.
However, by January 31, 2025, the quick ratio decreased to 0.30, signaling a potential liquidity challenge as the company's ability to meet short-term obligations with liquid assets declined.
Overall, fluctuations in the quick ratio of Academy Sports Outdoors Inc reflect changes in the company's liquidity position over the years, highlighting the importance of closely monitoring liquidity management to ensure the firm's financial health and stability.
Peer comparison
Jan 31, 2025