Dick’s Sporting Goods Inc (DKS)
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 | 1,801,220 | 1,406,210 | 1,901,900 | 1,642,680 | 1,924,390 | 1,438,000 | 1,895,520 | 2,251,340 | 2,643,200 | 1,372,890 | 2,236,730 | 1,858,740 | 1,658,070 | 1,059,990 | 1,061,140 | 1,484,000 | 69,334 | 87,622 | 116,733 | 92,423 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 2,752,390 | 2,989,390 | 2,775,680 | 2,525,160 | 2,641,450 | 2,762,130 | 2,781,950 | 2,802,840 | 2,712,680 | 2,668,300 | 2,567,300 | 2,587,510 | 2,550,200 | 2,537,770 | 2,283,380 | 1,886,980 | 2,076,470 | 2,081,640 | 1,925,390 | 1,855,390 |
| Cash ratio | 0.65 | 0.47 | 0.69 | 0.65 | 0.73 | 0.52 | 0.68 | 0.80 | 0.97 | 0.51 | 0.87 | 0.72 | 0.65 | 0.42 | 0.46 | 0.79 | 0.03 | 0.04 | 0.06 | 0.05 |
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 fluctuated over the period indicated in the table. The cash ratio measures the company's ability to cover its short-term liabilities with cash and cash equivalents.
The cash ratio ranged from a low of 0.03 to a high of 0.97 during the period. A higher cash ratio indicates a stronger ability to cover short-term liabilities with cash on hand.
We observe some variability in the cash ratio over time, which may reflect changes in the company's cash position and short-term liabilities. It is important for investors and analysts to monitor the cash ratio to assess the company's liquidity and financial health.
Overall, the cash ratio of Dick’s Sporting Goods Inc shows fluctuations but generally indicates a reasonable ability to cover short-term obligations with cash and cash equivalents.
Peer comparison
Feb 3, 2024