Burlington Stores Inc (BURL)
Quick ratio
| Feb 1, 2025 | Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 994,698 | 925,359 | 872,623 | 1,091,090 | 1,380,280 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 88,079 | 74,361 | 71,091 | 54,089 | 62,161 |
| Total current liabilities | US$ in thousands | 2,272,510 | 2,028,790 | 1,911,950 | 1,947,650 | 1,684,000 |
| Quick ratio | 0.48 | 0.49 | 0.49 | 0.59 | 0.86 |
February 1, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($994,698K
+ $—K
+ $88,079K)
÷ $2,272,510K
= 0.48
The quick ratio of Burlington Stores Inc has been declining over the past five years, from 0.86 as of January 30, 2021, to 0.48 as of February 1, 2025.
A quick ratio below 1 indicates that the company may have difficulty meeting its short-term obligations using its most liquid assets. The decreasing trend in the quick ratio may suggest potential liquidity challenges for Burlington Stores Inc, as the ratio has been consistently below the ideal benchmark of 1.
Investors and creditors may view the decreasing quick ratio as a signal of potential liquidity risks for the company, requiring further analysis and monitoring of its financial health and ability to meet short-term obligations efficiently.
Peer comparison
Feb 1, 2025