Capri Holdings Ltd (CPRI)
Cash ratio
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 199,000 | 249,000 | 238,000 | 238,000 | 249,000 | 281,000 | 215,000 | 221,000 | 169,000 | 261,000 | 234,000 | 356,000 | 232,000 | 229,000 | 238,000 | 207,000 | 592,000 | 237,000 | 179,000 | 160,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,695,000 | 1,815,000 | 1,244,000 | 1,448,000 | 1,450,000 | 1,559,000 | 1,278,000 | 1,614,000 | 1,566,000 | 1,752,000 | 1,520,000 | 1,562,000 | 1,621,000 | 1,594,000 | 1,581,000 | 1,589,000 | 1,401,000 | 2,305,000 | 1,803,000 | 1,668,000 |
| Cash ratio | 0.12 | 0.14 | 0.19 | 0.16 | 0.17 | 0.18 | 0.17 | 0.14 | 0.11 | 0.15 | 0.15 | 0.23 | 0.14 | 0.14 | 0.15 | 0.13 | 0.42 | 0.10 | 0.10 | 0.10 |
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 fluctuated over the last few years, ranging from a low of 0.10 to a high of 0.42. The cash ratio measures the company's ability to cover its short-term obligations using its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations.
From the data provided, we can see that the cash ratio has been relatively stable, with some variations over time. It peaked at 0.42 in the first quarter of 2020, indicating a strong cash position relative to its short-term liabilities at that time. However, it dropped to 0.10 in the third quarter of 2019, indicating a lower liquidity position.
Overall, the cash ratio of Capri Holdings Ltd appears to have shown some volatile movements but has generally remained within a reasonable range. It is essential for the company to maintain a healthy cash ratio to ensure it can meet its short-term financial obligations effectively.
Peer comparison
Mar 31, 2024