BJs Wholesale Club Holdings Inc (BJ)
Cash 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 and cash equivalents | US$ in thousands | 36,049 | 33,551 | 26,210 | 23,387 | 33,915 | 34,644 | 163,681 | 37,952 | 45,436 | 84,691 | 42,414 | 62,954 | 43,518 | 46,116 | 168,811 | 132,915 | 30,204 | 29,968 | 29,092 | 29,877 |
Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | 37,046 | — | — | — | — | -8,144 | — | — | — |
Total current liabilities | US$ in thousands | 2,468,050 | 2,739,060 | 2,591,150 | 2,619,340 | 2,545,340 | 2,599,960 | 2,484,140 | 2,209,060 | 2,002,480 | 2,104,100 | 1,839,200 | 2,035,930 | 2,031,210 | 2,210,440 | 1,764,240 | 1,720,200 | 1,801,420 | 2,051,810 | 1,611,060 | 1,673,910 |
Cash ratio | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.07 | 0.02 | 0.02 | 0.04 | 0.02 | 0.05 | 0.02 | 0.02 | 0.10 | 0.08 | 0.01 | 0.01 | 0.02 | 0.02 |
February 3, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($36,049K
+ $—K)
÷ $2,468,050K
= 0.01
The cash ratio of BJs Wholesale Club Holdings Inc has shown some fluctuations over the past few quarters. The ratio has mostly remained low, with values close to 0.01 for the majority of the periods analyzed. This indicates that the company holds a relatively small amount of cash compared to its current liabilities.
There were a few periods where the cash ratio increased slightly, such as in July 2022 and May 2020, reaching 0.07 and 0.10 respectively. During these periods, the company had a higher level of cash on hand relative to its current liabilities.
Overall, the cash ratio for BJs Wholesale Club Holdings Inc has generally been on the lower side, suggesting that the company may rely more on other liquid assets or borrowing to meet its short-term obligations. It is important for investors and analysts to monitor this ratio along with other liquidity measures to assess the company's ability to cover its current liabilities with its available cash resources.
Peer comparison
Feb 3, 2024