Designer Brands Inc (DBI)
Cash ratio
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 49,173 | 54,638 | 46,187 | 50,569 | 58,766 | 62,507 | 50,799 | 54,802 | 72,691 | 83,069 | 46,458 | 49,301 | 59,581 | 114,531 | 206,720 | 250,874 | 86,564 | 87,838 | 51,762 | 70,671 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | 55,149 | — | 0 | 0 | 0 | 0 | 24,974 | 25,939 | 25,504 | 51,259 |
| Total current liabilities | US$ in thousands | 622,271 | 678,255 | 650,838 | 642,359 | 636,126 | 717,520 | 740,142 | 757,299 | 758,917 | 880,862 | 774,730 | 800,222 | 752,683 | 831,566 | 669,218 | 732,726 | 680,031 | 641,830 | 648,863 | 596,024 |
| Cash ratio | 0.08 | 0.08 | 0.07 | 0.08 | 0.09 | 0.09 | 0.07 | 0.07 | 0.10 | 0.09 | 0.13 | 0.06 | 0.08 | 0.14 | 0.31 | 0.34 | 0.16 | 0.18 | 0.12 | 0.20 |
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 20 reporting periods, ranging from 0.06 to 0.34. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher ratio indicates a stronger ability to meet short-term obligations using cash on hand.
From the data provided, it is evident that the cash ratio has experienced variability, with some periods showing higher ratios (e.g., 0.34 in May 2, 2020) and others showing lower ratios (e.g., 0.06 in May 1, 2021). The company's cash ratio was relatively stable in the range of 0.07 to 0.10 in recent periods.
Overall, while the cash ratio of Designer Brands Inc has shown fluctuations, it appears to have maintained a reasonable level of liquidity over the evaluated periods. The company has demonstrated the ability to meet its short-term obligations with its available cash reserves, although there have been fluctuations in this metric over time.
Peer comparison
Feb 3, 2024