Buckle Inc (BKE)

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 268,213 311,657 275,583 254,433 252,077 302,180 266,731 250,073 253,970 468,733 406,714 393,153 318,789 331,923 265,714 185,037 220,969 213,836 178,041 183,939
Short-term investments US$ in thousands 22,210 23,446 23,714 23,066 20,997 22,902 17,387 12,895 12,926 11,302 8,592 697 3,359 7,410 12,637 17,661 12,532 31,946 52,051 53,659
Receivables US$ in thousands 8,697 10,341 9,675 6,356 12,648 16,074 13,015 4,414 12,087 5,629 6,667 1,670 2,823 1,763 2,394 1,774 3,136 9,432 11,206 5,780
Total current liabilities US$ in thousands 221,456 216,164 196,775 206,804 226,043 240,105 216,280 223,713 248,541 239,295 226,103 234,041 206,359 203,283 173,150 138,444 172,641 178,661 166,608 167,063
Quick ratio 1.35 1.60 1.57 1.37 1.26 1.42 1.37 1.20 1.12 2.03 1.87 1.69 1.57 1.68 1.62 1.48 1.37 1.43 1.45 1.46

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 fluctuations over the past 20 reported periods, ranging from a low of 1.12 to a high of 2.03. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets, excluding inventory. A quick ratio above 1 indicates that the company has an adequate level of liquid assets to cover its short-term liabilities.

In the most recent period, Buckle Inc's quick ratio stood at 1.35, indicating that the company had $1.35 in liquid assets available to cover each dollar of its current liabilities. This suggests a relatively healthy liquidity position, as the company has sufficient liquid assets to meet its short-term obligations.

Overall, the trend in Buckle Inc's quick ratio has been relatively stable, with occasional fluctuations. It is important for the company to maintain a strong quick ratio to ensure it can meet its short-term obligations promptly, without the need to rely heavily on selling inventory.


Peer comparison

Feb 3, 2024