Buckle Inc (BKE)
Cash ratio
| Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 266,929 | 268,213 | 268,213 | 252,077 | 252,077 |
| Short-term investments | US$ in thousands | 23,801 | 22,210 | 22,210 | 20,997 | 20,997 |
| Total current liabilities | US$ in thousands | 213,932 | 221,456 | 221,456 | 226,043 | 226,043 |
| Cash ratio | 1.36 | 1.31 | 1.31 | 1.21 | 1.21 |
January 31, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($266,929K
+ $23,801K)
÷ $213,932K
= 1.36
The cash ratio of Buckle Inc has been consistently above 1, indicating the company's ability to cover its current liabilities solely with its cash and cash equivalents. Over the years, the cash ratio has shown a slight increasing trend, from 1.21 in January 2023 to 1.36 in January 2025. This suggests that Buckle Inc has been maintaining a healthy level of liquid assets relative to its short-term obligations, which may signify a strong liquidity position and the ability to meet its financial commitments without relying heavily on external funding sources. It indicates a prudent approach towards managing short-term financial obligations.
Peer comparison
Jan 31, 2025