Burlington Stores Inc (BURL)
Quick ratio
| Feb 1, 2025 | Nov 2, 2024 | Aug 3, 2024 | May 4, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 994,698 | 857,800 | 659,910 | 742,332 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 88,079 | 102,872 | 99,659 | 100,654 | 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 |
| Total current liabilities | US$ in thousands | 2,272,510 | 2,301,440 | 2,178,660 | 2,097,320 | 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 |
| Quick ratio | 0.48 | 0.42 | 0.35 | 0.40 | 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 |
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 fluctuating over the past few years, indicating changes in the company's ability to meet its short-term obligations with its most liquid assets.
From May 2, 2020, to August 1, 2020, the quick ratio decreased from 1.11 to 0.92, suggesting a potential decrease in the company's ability to cover its current liabilities with its quick assets. Subsequently, the quick ratio continued to decline, reaching a low of 0.27 on October 29, 2022, indicating a significant decrease in liquidity.
However, there were intermittent periods of improvement in the quick ratio, such as on February 3, 2024, when the ratio increased to 0.49. This uptrend was followed by fluctuations in the quick ratio until February 1, 2025, where the ratio stood at 0.48.
Overall, the trend in Burlington Stores Inc's quick ratio indicates fluctuations in liquidity management, with periods of both improvement and decline. It is essential for the company to closely monitor and manage its liquidity position to ensure it can meet its short-term obligations effectively.
Peer comparison
Feb 1, 2025