Chewy Inc (CHWY)
Quick 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 | 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 | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 193,210 | 200,983 | 172,209 | 154,043 | 160,980 | 162,681 | 151,719 | 126,349 | 126,963 | 143,805 | — | 126,010 | 149,813 | — | — | 122,568 | — | — | — | — |
| 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 |
| Quick ratio | 0.32 | 0.44 | 0.66 | 0.61 | 0.57 | 0.53 | 0.50 | 0.44 | 0.45 | 0.42 | 0.36 | 0.44 | 0.51 | 0.47 | 0.45 | 0.50 | 0.38 | 0.13 | 0.15 | 0.19 |
October 27, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($506,634K
+ $885K
+ $193,210K)
÷ $2,179,220K
= 0.32
The quick ratio of Chewy Inc has fluctuated over the periods provided, ranging from a low of 0.13 to a high of 0.66. The quick ratio measures a company's ability to cover its short-term liabilities with its most liquid assets, excluding inventory. A quick ratio below 1 indicates that a company may have difficulty meeting its short-term obligations.
Chewy's quick ratio has generally been below 1, suggesting that the company may have faced challenges in meeting its immediate financial obligations with its liquid assets alone. However, it is important to note that the quick ratio improved over time, reaching a high of 0.66 in the most recent period. This indicates an enhanced ability to cover short-term liabilities with liquid assets.
Overall, while Chewy Inc's quick ratio has shown improvement over the periods analyzed, it is essential for the company to continue monitoring and managing its liquidity position to ensure it can meet its short-term financial commitments effectively.
Peer comparison
Oct 27, 2024