BJs Wholesale Club Holdings Inc (BJ)

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	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	—	—	—
Receivables	US$ in thousands	234,769	224,505	200,279	217,866	239,746	251,978	204,495	210,405	173,951	200,315	169,135	197,991	172,719	188,413	170,595	193,884	206,353	185,983	162,278	180,379
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
Quick ratio		0.11	0.09	0.09	0.09	0.11	0.11	0.15	0.11	0.11	0.14	0.12	0.15	0.11	0.11	0.19	0.19	0.13	0.11	0.12	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 shown fluctuations over the past 21 reporting periods. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A higher quick ratio indicates better liquidity and financial health.

From the data provided, we can see that the quick ratio has generally been low, ranging from 0.09 to 0.19. The company's ability to cover its current liabilities with its quick assets seems to vary, with some periods showing lower liquidity (0.09) and others showing slightly better liquidity (0.19).

Overall, the quick ratio of BJs Wholesale Club Holdings Inc has not shown a consistent trend over the periods analyzed. Investors and stakeholders may need to evaluate other aspects of the company's financial performance and liquidity position to make informed decisions.