Buckle Inc (BKE)
Quick ratio
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 268,213 | 252,077 | 253,970 | 318,789 | 220,969 |
| Short-term investments | US$ in thousands | 22,210 | 20,997 | 12,926 | 3,359 | 12,532 |
| Receivables | US$ in thousands | 8,697 | 12,648 | 12,087 | 2,823 | 3,136 |
| Total current liabilities | US$ in thousands | 221,456 | 226,043 | 248,541 | 206,359 | 172,641 |
| Quick ratio | 1.35 | 1.26 | 1.12 | 1.57 | 1.37 |
February 3, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($268,213K
+ $22,210K
+ $8,697K)
÷ $221,456K
= 1.35
The quick ratio of Buckle Inc has shown a fluctuating trend over the past five years. The ratio has ranged from a low of 1.12 in January 2022 to a high of 1.57 in January 2021. The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets, excluding inventory.
An ideal quick ratio is generally considered to be 1 or higher, indicating that the company can cover its current liabilities with its quick assets. Buckle Inc's quick ratio has consistently remained above 1 in all five years, suggesting that the company has been able to meet its short-term obligations without relying heavily on inventory.
The increase in the quick ratio from 1.12 in January 2022 to 1.26 in January 2023 indicates an improvement in the company's liquidity position. However, the ratio decreased to 1.35 in February 2024, which may indicate a slightly weakened liquidity position compared to the previous year. Overall, Buckle Inc's quick ratio has generally been at a healthy level, indicating a strong ability to meet short-term obligations with its liquid assets.
Peer comparison
Feb 3, 2024