Dick’s Sporting Goods Inc (DKS)
Cash ratio
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,801,220 | 1,924,390 | 2,643,200 | 1,658,070 | 69,334 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 2,752,390 | 2,641,450 | 2,712,680 | 2,550,200 | 2,076,470 |
| Cash ratio | 0.65 | 0.73 | 0.97 | 0.65 | 0.03 |
February 3, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,801,220K
+ $—K)
÷ $2,752,390K
= 0.65
The cash ratio of Dick’s Sporting Goods Inc has fluctuated over the past five years. The ratio was 0.65 in both February 2024 and January 2021, indicating that the company had $0.65 of cash and cash equivalents for every $1 of current liabilities during those periods. In January 2023, the ratio improved to 0.73, suggesting a slight increase in the company's ability to cover its short-term obligations with cash on hand. The ratio significantly improved to 0.97 in January 2022, indicating that Dick’s Sporting Goods had almost $1 in cash for every $1 of current liabilities, reflecting a strong liquidity position. However, in February 2020, the cash ratio was notably lower at 0.03, suggesting a lower level of cash reserves relative to current liabilities at that time. Overall, the trend in the cash ratio shows variability in Dick’s Sporting Goods' liquidity position over the past five years.
Peer comparison
Feb 3, 2024