Chewy Inc (CHWY)
Cash ratio
| Jan 31, 2025 | Jan 31, 2024 | Jan 28, 2024 | Jan 31, 2023 | Jan 29, 2023 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 595,765 | 602,232 | 602,232 | 330,441 | 331,641 |
| Short-term investments | US$ in thousands | 899 | 531,785 | 531,785 | 346,944 | 346,944 |
| Total current liabilities | US$ in thousands | 2,206,720 | 2,110,880 | 2,110,880 | 1,769,350 | 1,827,720 |
| Cash ratio | 0.27 | 0.54 | 0.54 | 0.38 | 0.37 |
January 31, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($595,765K
+ $899K)
÷ $2,206,720K
= 0.27
The cash ratio of Chewy Inc has shown some fluctuations over the years based on the data provided. As of January 29, 2023, the cash ratio was 0.37, indicating that for every dollar of current liabilities, the company had 0.37 dollars in cash or cash equivalents. This ratio slightly improved to 0.38 by January 31, 2023.
There was a significant increase in the cash ratio to 0.54 by January 28, 2024, and this ratio was maintained at the same level as of January 31, 2024. This suggests that Chewy Inc had a higher level of cash reserves relative to its current liabilities during these periods.
However, there was a notable decline in the cash ratio to 0.27 by January 31, 2025, indicating a decrease in the company's liquidity position compared to the previous year. It is essential for Chewy Inc to monitor and manage its cash levels effectively to ensure it can meet its short-term obligations and maintain financial stability.
Peer comparison
Jan 31, 2025