BJs Wholesale Club Holdings Inc (BJ)
Quick ratio
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 36,049 | 33,915 | 45,436 | 43,518 | 30,204 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 234,769 | 239,746 | 173,951 | 172,719 | 206,353 |
| Total current liabilities | US$ in thousands | 2,468,050 | 2,545,340 | 2,002,480 | 2,031,210 | 1,801,420 |
| Quick ratio | 0.11 | 0.11 | 0.11 | 0.11 | 0.13 |
February 3, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($36,049K
+ $—K
+ $234,769K)
÷ $2,468,050K
= 0.11
The quick ratio of BJs Wholesale Club Holdings Inc has been consistent over the past five years, ranging from 0.11 to 0.13. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio of 0.11 indicates that for every dollar of current liabilities, the company has only $0.11 of highly liquid assets available to meet those obligations.
It is important to note that a quick ratio below 1.0 may suggest potential liquidity problems as the company may have difficulty covering its short-term liabilities with its current liquid assets alone. However, the consistency of BJs Wholesale Club Holdings Inc's quick ratio over the years may imply that the company has a stable and sustainable liquidity position. Further analysis of the company's overall financial health and liquidity management practices would be needed to provide a more comprehensive assessment.
Peer comparison
Feb 3, 2024