Bath & Body Works Inc. (BBWI)
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 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,084,000 | 412,000 | 790,000 | 1,046,000 | 1,232,000 | 295,000 | 452,000 | 651,000 | 1,979,000 | 1,441,000 | 1,695,000 | 2,475,000 | 3,568,000 | 2,433,000 | 2,611,000 | 957,000 | 1,499,000 | 340,000 | 853,000 | 1,146,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | 293,000 | — | 335,000 | 189,000 | — | — | — | — | — | — |
| Receivables | US$ in thousands | 224,000 | 197,000 | 153,000 | 145,000 | 226,000 | 242,000 | 184,000 | 167,000 | 240,000 | 242,000 | 230,000 | 110,000 | 269,000 | 297,000 | 268,000 | 229,000 | 306,000 | 295,000 | 283,000 | 274,000 |
| Total current liabilities | US$ in thousands | 1,289,000 | 1,409,000 | 1,213,000 | 1,277,000 | 1,379,000 | 1,452,000 | 1,258,000 | 1,240,000 | 1,290,000 | 1,435,000 | 2,625,000 | 2,680,000 | 2,826,000 | 3,330,000 | 3,433,000 | 2,683,000 | 2,372,000 | 2,543,000 | 2,216,000 | 2,197,000 |
| Quick ratio | 1.01 | 0.43 | 0.78 | 0.93 | 1.06 | 0.37 | 0.51 | 0.66 | 1.72 | 1.17 | 0.84 | 0.96 | 1.48 | 0.88 | 0.84 | 0.44 | 0.76 | 0.25 | 0.51 | 0.65 |
February 3, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,084,000K
+ $—K
+ $224,000K)
÷ $1,289,000K
= 1.01
The quick ratio of Bath & Body Works Inc. has shown fluctuations over the past few quarters. The quick ratio measures a company's ability to meet short-term obligations with its most liquid assets. A quick ratio of 1 or higher is generally considered satisfactory, indicating that the company has enough liquid assets to cover its current liabilities.
Looking at the data provided, Bath & Body Works Inc. had a quick ratio of 1.01 as of February 3, 2024, which suggests that the company had just enough liquid assets to cover its current liabilities at that point. This is a positive sign for the company's short-term financial health.
In contrast, the quick ratio was significantly lower in some previous quarters, such as 0.37 on October 29, 2022, and 0.25 on August 3, 2019. These lower ratios indicate a potential liquidity risk, as the company may have struggled to meet its short-term obligations with its available liquid assets during those periods.
Overall, the trend in Bath & Body Works Inc.'s quick ratio shows some variability, but the recent ratio of 1.01 indicates a better ability to cover short-term liabilities compared to previous quarters. It is important for investors and stakeholders to monitor these ratios closely to assess the company's liquidity position and financial stability.
Peer comparison
Feb 3, 2024