Burlington Stores Inc (BURL)
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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 74,361 | 91,579 | 80,742 | 78,477 | 71,091 | 80,641 | 70,858 | 77,708 | 54,089 | 90,705 | 78,761 | 83,350 | 62,161 | 72,728 | 50,255 | 12,375 | 91,508 | 117,493 | 98,201 | 99,461 |
| 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 |
| Quick ratio | 0.49 | 0.36 | 0.37 | 0.36 | 0.49 | 0.27 | 0.33 | 0.41 | 0.59 | 0.61 | 0.79 | 0.93 | 0.86 | 0.82 | 0.92 | 1.11 | 0.34 | 0.16 | 0.15 | 0.15 |
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 varied over the past several quarters. The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets.
In general, a quick ratio above 1 indicates that the company has enough liquid assets to cover its short-term liabilities. Looking at the data provided, we see that the quick ratio fluctuated between 0.15 and 1.11, with the lowest value observed in the quarter ending May 4, 2019, and the highest in the quarter ending May 2, 2020.
The trend in the quick ratio shows some volatility, with ups and downs over time. It is important to note that a quick ratio below 1 may indicate potential liquidity issues, as the company may not have enough liquid assets to cover its short-term liabilities. Conversely, a quick ratio significantly above 1 may suggest that the company is not efficiently utilizing its assets.
Overall, it is essential for investors and stakeholders to monitor Burlington Stores Inc's quick ratio over time to assess the company's liquidity position and ability to meet its short-term obligations.
Peer comparison
Feb 3, 2024