Academy Sports Outdoors Inc (ASO)
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 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 19,371 | 17,706 | 14,625 | 10,412 | 16,503 | 15,998 | 14,521 | 12,666 | 19,718 | 12,368 | 10,791 | 10,831 | 17,306 | 11,908 |
| 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 |
| Quick ratio | 0.42 | 0.25 | 0.32 | 0.29 | 0.34 | 0.28 | 0.37 | 0.41 | 0.45 | 0.31 | 0.48 | 0.49 | 0.34 | 0.71 |
February 3, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($347,920K
+ $—K
+ $19,371K)
÷ $879,858K
= 0.42
The quick ratio of Academy Sports Outdoors Inc has displayed some fluctuations over the past few quarters. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
The quick ratio has ranged from a low of 0.25 to a high of 0.71 over the last 14 quarters, indicating some volatility in the company's liquidity position. A quick ratio below 1 suggests that the company may have difficulty meeting its short-term obligations if they were all to come due at once.
The quick ratio was highest at 0.71 on October 31, 2020, indicating a relatively strong liquidity position at that time. On the other hand, the lowest quick ratio of 0.25 on October 28, 2023, raises some concerns about the company's ability to cover its short-term liabilities with its quick assets.
Overall, the trend in the quick ratio of Academy Sports Outdoors Inc shows variability, which suggests that the company's short-term liquidity position has been inconsistent. This may warrant further investigation into the company's liquidity management and financial health.
Peer comparison
Feb 3, 2024