Dick’s Sporting Goods Inc (DKS)
Cash ratio
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Feb 3, 2024 | Jan 31, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,689,940 | 1,458,660 | 1,691,900 | 1,649,080 | 1,801,220 | 1,801,220 | 1,406,210 | 1,406,210 | 1,901,900 | 1,901,900 | 1,642,680 | 1,642,680 | 1,924,390 | 1,924,390 | 1,438,000 | 1,438,000 | 1,895,520 | 1,895,520 | 2,251,340 | 2,643,200 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 3,080,060 | 3,217,730 | 2,921,010 | 3,022,170 | 2,752,390 | 2,752,390 | 2,989,390 | 2,989,390 | 2,775,680 | 2,775,680 | 2,525,160 | 2,525,160 | 2,641,450 | 2,641,450 | 2,762,130 | 2,762,130 | 2,781,950 | 2,781,950 | 2,802,840 | 2,712,680 |
| Cash ratio | 0.55 | 0.45 | 0.58 | 0.55 | 0.65 | 0.65 | 0.47 | 0.47 | 0.69 | 0.69 | 0.65 | 0.65 | 0.73 | 0.73 | 0.52 | 0.52 | 0.68 | 0.68 | 0.80 | 0.97 |
January 31, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,689,940K
+ $—K)
÷ $3,080,060K
= 0.55
The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a company is more capable of meeting its obligations, while a lower ratio may suggest liquidity challenges.
Based on the provided data for Dick’s Sporting Goods Inc, the cash ratio fluctuated between 0.47 and 0.97 during the period from January 31, 2022, to January 31, 2025. The ratio started at 0.97 in January 2022, indicating a strong ability to cover short-term liabilities with cash.
However, the ratio decreased over time, reaching its lowest point of 0.47 in October 2023. This decline suggests a potentially decreasing liquidity position for the company during that period.
There was a slight improvement in the cash ratio to 0.58 by July 2024, but it later dropped again to 0.45 by October 2024. The ratio then rose to 0.55 by January 2025, indicating a slight recovery in the company's liquidity position.
In conclusion, the cash ratio of Dick’s Sporting Goods Inc experienced fluctuations over the period under review, indicating varying levels of liquidity and ability to cover short-term obligations with cash and cash equivalents.
Peer comparison
Jan 31, 2025