Academy Sports Outdoors Inc (ASO)
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 | 288,929 | 295,996 | 324,568 | 378,145 | 347,920 | 347,920 | 274,827 | 274,827 | 311,336 | 311,336 | 295,536 | 295,536 | 337,145 | 337,145 | 318,167 | 318,167 | 399,857 | 399,857 | 472,395 | 485,998 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | 19,371 | — | — | 17,706 | — | 14,625 | — | 10,412 | — | 16,503 | — | 15,998 | — | 14,521 | — | — |
| Total current liabilities | US$ in thousands | 960,881 | 1,212,010 | 1,091,280 | 1,122,080 | 879,858 | 879,858 | 1,172,620 | 1,172,620 | 1,019,780 | 1,019,780 | 1,049,360 | 1,049,360 | 1,038,720 | 1,038,720 | 1,191,210 | 1,191,210 | 1,119,630 | 1,119,630 | 1,188,570 | 1,127,110 |
| Quick ratio | 0.30 | 0.24 | 0.30 | 0.34 | 0.42 | 0.40 | 0.23 | 0.25 | 0.31 | 0.32 | 0.28 | 0.29 | 0.32 | 0.34 | 0.27 | 0.28 | 0.36 | 0.37 | 0.40 | 0.43 |
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, a measure of its short-term liquidity and ability to cover immediate financial obligations, has shown fluctuations over the specified periods. As of January 31, 2022, the quick ratio was 0.43, indicating that the company had $0.43 in liquid assets for every $1 of current liabilities. This ratio decreased to 0.40 by April 30, 2022, and further declined to 0.27 by October 31, 2022.
During the subsequent quarters, the quick ratio fluctuated, showing slight improvements and declines. For example, the quick ratio increased to 0.34 by January 28, 2023, before dropping to 0.28 by April 30, 2023. The company saw some recovery with a quick ratio of 0.32 by July 29, 2023, but it declined again to 0.23 by October 31, 2023.
In the following years, the quick ratio continued to exhibit variability. For instance, it rose to 0.42 by February 3, 2024, before falling to 0.24 by October 31, 2024. As of January 31, 2025, the quick ratio stood at 0.30, showing a modest improvement from the previous period.
Overall, the trend in Academy Sports Outdoors Inc's quick ratio reveals fluctuations in its ability to meet short-term obligations with liquid assets. Investors and stakeholders may consider monitoring this ratio closely to assess the company's liquidity position over time and its ability to weather financial challenges.
Peer comparison
Jan 31, 2025