Chewy Inc (CHWY)
Cash ratio
| Oct 27, 2024 | Jul 28, 2024 | Apr 28, 2024 | Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Nov 1, 2020 | Aug 2, 2020 | May 3, 2020 | Feb 2, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 506,634 | 694,460 | 1,134,630 | 602,232 | 469,409 | 457,103 | 408,685 | 331,641 | 378,227 | 606,800 | 604,761 | 603,079 | 726,919 | 724,997 | 637,525 | 563,345 | 505,828 | 153,842 | 192,534 | 212,088 |
| Short-term investments | US$ in thousands | 885 | 490 | 3,490 | 531,785 | 487,772 | 448,323 | 394,487 | 346,944 | 296,784 | — | — | 0 | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 2,179,220 | 2,055,180 | 1,996,120 | 2,110,880 | 1,964,690 | 1,999,390 | 1,893,470 | 1,827,720 | 1,782,040 | 1,778,310 | 1,697,640 | 1,644,880 | 1,718,690 | 1,538,950 | 1,424,990 | 1,380,860 | 1,318,740 | 1,209,140 | 1,249,800 | 1,100,540 |
| Cash ratio | 0.23 | 0.34 | 0.57 | 0.54 | 0.49 | 0.45 | 0.42 | 0.37 | 0.38 | 0.34 | 0.36 | 0.37 | 0.42 | 0.47 | 0.45 | 0.41 | 0.38 | 0.13 | 0.15 | 0.19 |
October 27, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($506,634K
+ $885K)
÷ $2,179,220K
= 0.23
The cash ratio for Chewy Inc has shown fluctuations over the past several quarters. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents.
Chewy's cash ratio has ranged from a low of 0.13 to a high of 0.57 during the period in question. A higher cash ratio indicates a company with more than enough cash to cover its short-term obligations, while a lower ratio suggests a potential liquidity issue.
The trend in Chewy's cash ratio shows an overall increase from 0.13 in February 2020 to 0.57 in April 2024, indicating an improvement in the company's liquidity position over time. However, there have been fluctuations in the ratio within this upward trend, suggesting periods of varying cash availability compared to short-term liabilities.
It is important for investors and stakeholders to monitor Chewy's cash ratio closely to assess its ability to meet short-term financial obligations and manage liquidity effectively. Any significant deviations from the trend observed should be analyzed to understand the underlying reasons for the changes in the company's cash position.
Peer comparison
Oct 27, 2024