Bath & Body Works Inc. (BBWI)
Cash ratio
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,084,000 | 1,232,000 | 1,979,000 | 3,568,000 | 1,499,000 |
| Short-term investments | US$ in thousands | — | — | — | 335,000 | — |
| Total current liabilities | US$ in thousands | 1,289,000 | 1,379,000 | 1,290,000 | 2,826,000 | 2,372,000 |
| Cash ratio | 0.84 | 0.89 | 1.53 | 1.38 | 0.63 |
February 3, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,084,000K
+ $—K)
÷ $1,289,000K
= 0.84
The cash ratio of Bath & Body Works Inc. has fluctuated over the past five years. The trend indicates that the company has maintained a relatively strong ability to cover its short-term liabilities with cash on hand. However, there was a notable decrease in the cash ratio from 2022 to 2023, suggesting a potential decrease in the company's liquidity position during that period. Overall, the cash ratio has remained above 1 in recent years, indicating that Bath & Body Works Inc. has had a sufficient amount of cash to cover its short-term obligations, although the downward trend from 2022 to 2023 should be further investigated to assess the company's liquidity management strategies.
Peer comparison
Feb 3, 2024