Designer Brands Inc (DBI)
Cash ratio
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 49,173 | 58,766 | 72,691 | 59,581 | 86,564 |
| Short-term investments | US$ in thousands | — | — | — | 0 | 24,974 |
| Total current liabilities | US$ in thousands | 622,271 | 636,126 | 758,917 | 752,683 | 680,031 |
| Cash ratio | 0.08 | 0.09 | 0.10 | 0.08 | 0.16 |
February 3, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($49,173K
+ $—K)
÷ $622,271K
= 0.08
The cash ratio of Designer Brands Inc has fluctuated over the past five years. In the most recent fiscal year, as of February 3, 2024, the cash ratio was 0.08, indicating that the company had $0.08 in cash and cash equivalents for every $1 of current liabilities. This was a slight decrease compared to the prior year's ratio of 0.09 as of January 28, 2023.
Looking back, the cash ratio was also 0.08 on January 30, 2021, demonstrating consistency in the company's liquidity position over the two-year period. However, in the fiscal year ending February 1, 2020, the cash ratio was notably higher at 0.16, suggesting the company had a stronger ability to cover its short-term obligations with cash reserves.
Overall, while the cash ratio of Designer Brands Inc has shown some variability, it is essential for investors and analysts to consider other liquidity ratios and operational factors to gain a comprehensive understanding of the company's financial health and ability to meet its short-term obligations.
Peer comparison
Feb 3, 2024