Buckle Inc (BKE)
Quick 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 | 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 |
| Receivables | US$ in thousands | — | — | — | — | 8,697 | — | — | 10,341 | — | 9,675 | — | 6,356 | — | 12,648 | — | 16,074 | — | 13,015 | — | — |
| 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 |
| Quick ratio | 1.36 | 1.53 | 1.50 | 1.42 | 1.35 | 1.31 | 1.55 | 1.60 | 1.52 | 1.57 | 1.34 | 1.37 | 1.21 | 1.26 | 1.35 | 1.42 | 1.31 | 1.37 | 1.18 | 1.07 |
January 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($266,929K
+ $23,801K
+ $—K)
÷ $213,932K
= 1.36
The Quick Ratio of Buckle Inc has shown a somewhat fluctuating trend over the reported periods, with values ranging from 1.07 to 1.60. The Quick Ratio measures the company's ability to meet its short-term liabilities with its most liquid assets, excluding inventory.
Buckle Inc's Quick Ratio indicates its ability to cover its current liabilities with its quick assets. A Quick Ratio above 1.0 typically suggests that the company can meet its short-term obligations with ease.
Looking at the data, we see that the Quick Ratio has generally remained above 1.0, indicating that Buckle Inc has had sufficient liquid assets to cover its short-term liabilities.
The upward trend in the Quick Ratio from 1.07 in January 2022 to 1.36 in January 2025 suggests an improvement in the company's liquidity position over the years. However, it is worth noting that there have been fluctuations in the ratio over shorter time frames.
Overall, a Quick Ratio above 1 indicates that Buckle Inc is in a relatively good position to meet its short-term financial obligations using its liquid assets, which is a positive sign for investors and creditors.
Peer comparison
Jan 31, 2025