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