Buckle Inc (BKE)
Cash ratio
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Feb 3, 2024 | Jan 31, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 266,929 | 301,958 | 287,266 | 267,427 | 268,213 | 268,213 | 311,657 | 311,657 | 275,583 | 275,583 | 254,433 | 254,433 | 252,077 | 252,077 | 302,180 | 302,180 | 266,731 | 266,731 | 250,073 | 253,970 |
| Short-term investments | US$ in thousands | 23,801 | 23,482 | 21,856 | 23,052 | 22,210 | 22,210 | 23,446 | 23,446 | 23,714 | 23,714 | 23,066 | 23,066 | 20,997 | 20,997 | 22,902 | 22,902 | 17,387 | 17,387 | 12,895 | 12,926 |
| Total current liabilities | US$ in thousands | 213,932 | 212,770 | 206,219 | 205,280 | 221,456 | 221,456 | 216,164 | 216,164 | 196,775 | 196,775 | 206,804 | 206,804 | 226,043 | 226,043 | 240,105 | 240,105 | 216,280 | 216,280 | 223,713 | 248,541 |
| Cash ratio | 1.36 | 1.53 | 1.50 | 1.42 | 1.31 | 1.31 | 1.55 | 1.55 | 1.52 | 1.52 | 1.34 | 1.34 | 1.21 | 1.21 | 1.35 | 1.35 | 1.31 | 1.31 | 1.18 | 1.07 |
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 shown fluctuations over the past few years. The ratio was relatively stable around the range of 1.2 to 1.3 from January 2022 to January 2023. However, there was a significant increase in the cash ratio to 1.52 in July 2023, indicating the company had higher levels of cash reserves compared to its current liabilities during that period.
The trend continued to improve with the cash ratio reaching 1.55 by October 2023, suggesting further strengthening of the company's liquidity position. However, there was a slight decline to 1.31 by February 2024 before rebounding to 1.50 in July 2024, indicating fluctuations in the company's cash reserves relative to its current liabilities.
By October 2024, Buckle Inc's cash ratio had increased to 1.53, showing a healthy level of cash reserves to cover its short-term obligations. The cash ratio declined slightly to 1.36 by January 2025, indicating a decrease in the company's liquidity position compared to the previous quarter.
Overall, the cash ratio of Buckle Inc has demonstrated a mixed performance, with fluctuations in its liquidity position over the analyzed period. It is essential for the company to maintain a healthy cash ratio to ensure it can meet its short-term financial obligations effectively.
Peer comparison
Jan 31, 2025