Designer Brands Inc (DBI)
Quick 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 | 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 |
| Receivables | US$ in thousands | 83,590 | 106,916 | 97,364 | 100,237 | 77,763 | 228,746 | 204,880 | 222,297 | 199,826 | 231,391 | 199,371 | 213,447 | 196,049 | 61,840 | 49,240 | 81,953 | 89,151 | 87,313 | 85,162 | 78,287 |
| 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 |
| Quick ratio | 0.21 | 0.24 | 0.22 | 0.23 | 0.21 | 0.41 | 0.35 | 0.37 | 0.36 | 0.36 | 0.39 | 0.33 | 0.34 | 0.21 | 0.38 | 0.45 | 0.30 | 0.31 | 0.25 | 0.34 |
February 3, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($49,173K
+ $—K
+ $83,590K)
÷ $622,271K
= 0.21
The quick ratio of Designer Brands Inc has shown some variability over the past few years, ranging from a low of 0.21 to a high of 0.45. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
In recent quarters, the quick ratio has generally been below 1, indicating that the company may have difficulty meeting its short-term obligations with its liquid assets alone. However, it's important to note that a quick ratio below 1 does not necessarily mean the company is in financial distress, as it may have other sources of short-term liquidity.
The quick ratio saw a significant improvement in the third quarter of 2022, reaching 0.41, and remained relatively stable in the subsequent quarters. This could suggest an improvement in the company's liquidity position during that period.
Overall, the quick ratio of Designer Brands Inc fluctuates, indicating some variability in the company's short-term liquidity position. Further analysis of the components contributing to the quick ratio, such as cash, marketable securities, and accounts receivable, could provide more insights into the company's ability to meet its short-term obligations.
Peer comparison
Feb 3, 2024