Burlington Stores Inc (BURL)
Quick ratio
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 925,359 | 872,623 | 1,091,090 | 1,380,280 | 403,074 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 74,361 | 71,091 | 54,089 | 62,161 | 91,508 |
| Total current liabilities | US$ in thousands | 2,028,790 | 1,911,950 | 1,947,650 | 1,684,000 | 1,461,900 |
| Quick ratio | 0.49 | 0.49 | 0.59 | 0.86 | 0.34 |
February 3, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($925,359K
+ $—K
+ $74,361K)
÷ $2,028,790K
= 0.49
The quick ratio of Burlington Stores Inc has exhibited fluctuations over the past five years. The ratio stood at 0.49 as of February 3, 2024, with a similar level observed in the previous year. This suggests that the company may have faced challenges in meeting its short-term obligations with its most liquid assets in the current year. However, comparing this to the quick ratio of 0.59 as of January 29, 2022, indicates a decline in liquidity since last year. In contrast, the quick ratio was notably higher at 0.86 as of January 30, 2021, reflecting a stronger ability to cover short-term liabilities with liquid assets. The low quick ratio of 0.34 as of February 1, 2020, indicates a vulnerability in the company's liquidity position at that time. Overall, the trend in Burlington Stores Inc's quick ratio indicates fluctuations in its ability to quickly cover short-term obligations using its liquid assets over the past five years.
Peer comparison
Feb 3, 2024