Burlington Stores Inc (BURL)
Cash 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 and cash equivalents | US$ in thousands | 925,359 | 615,863 | 520,974 | 532,443 | 872,623 | 428,583 | 454,985 | 627,050 | 1,091,090 | 1,185,380 | 1,344,320 | 1,530,600 | 1,380,280 | 1,348,690 | 1,077,150 | 1,488,470 | 403,074 | 140,514 | 97,207 | 105,031 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 2,028,790 | 1,954,580 | 1,643,700 | 1,718,510 | 1,911,950 | 1,878,410 | 1,609,050 | 1,729,500 | 1,947,650 | 2,079,500 | 1,803,480 | 1,728,700 | 1,684,000 | 1,740,650 | 1,225,200 | 1,355,410 | 1,461,900 | 1,607,650 | 1,315,770 | 1,343,890 |
| Cash ratio | 0.46 | 0.32 | 0.32 | 0.31 | 0.46 | 0.23 | 0.28 | 0.36 | 0.56 | 0.57 | 0.75 | 0.89 | 0.82 | 0.77 | 0.88 | 1.10 | 0.28 | 0.09 | 0.07 | 0.08 |
February 3, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($925,359K
+ $—K)
÷ $2,028,790K
= 0.46
The cash ratio of Burlington Stores Inc has shown fluctuation over the past few quarters, ranging from as low as 0.07 to as high as 1.10. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations.
In analyzing the trend of Burlington Stores Inc's cash ratio, we can observe that there have been periods of both improvement and decline. For example, the cash ratio significantly improved from 0.23 in October 2022 to 0.89 in July 2021, indicating a better liquidity position during that period. However, there were also instances of lower cash ratios, such as 0.09 in February 2020 and 0.07 in November 2019, which may suggest potential challenges in meeting short-term obligations during those periods.
Overall, it is essential for investors and stakeholders to closely monitor Burlington Stores Inc's cash ratio to assess its liquidity position and ability to fulfill immediate financial obligations. fluctuations in the cash ratio can provide insights into the company's financial health and operational efficiency.
Peer comparison
Feb 3, 2024