Capri Holdings Ltd (CPRI)
Cash ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 199,000 | 249,000 | 169,000 | 232,000 | 592,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,695,000 | 1,450,000 | 1,566,000 | 1,621,000 | 1,401,000 |
| Cash ratio | 0.12 | 0.17 | 0.11 | 0.14 | 0.42 |
March 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($199,000K
+ $—K)
÷ $1,695,000K
= 0.12
The cash ratio of Capri Holdings Ltd has shown some variability over the past five years. For the fiscal year ending March 31, 2024, the cash ratio stood at 0.12, indicating that the company had $0.12 in cash and cash equivalents for every $1 of current liabilities. This represents a decrease from the previous year's ratio of 0.17.
In the prior year, ending March 31, 2023, the cash ratio was at its highest point in the dataset at 0.17. However, it dropped to 0.11 in the fiscal year ending March 31, 2022, before slightly increasing to 0.14 in the fiscal year ending March 31, 2021.
The most significant change occurred in the fiscal year ending March 31, 2020, where the cash ratio was substantially higher at 0.42. This may suggest that the company had a larger proportion of cash and cash equivalents relative to its current liabilities that year compared to the other years in the dataset.
Overall, the trend in Capri Holdings Ltd's cash ratio indicates some fluctuations in the company's liquidity position over the past five years, with a notable decrease in the most recent fiscal year. Investors and analysts may want to further investigate the reasons behind these fluctuations to assess the company's ability to meet its short-term obligations.
Peer comparison
Mar 31, 2024