Dick’s Sporting Goods Inc (DKS)
Quick ratio
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,801,220 | 1,924,390 | 2,643,200 | 1,658,070 | 69,334 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 118,985 | 79,473 | 70,241 | 59,545 | 53,173 |
| Total current liabilities | US$ in thousands | 2,752,390 | 2,641,450 | 2,712,680 | 2,550,200 | 2,076,470 |
| Quick ratio | 0.70 | 0.76 | 1.00 | 0.67 | 0.06 |
February 3, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,801,220K
+ $—K
+ $118,985K)
÷ $2,752,390K
= 0.70
The quick ratio of Dick’s Sporting Goods Inc has shown fluctuating trends over the five-year period analyzed. The quick ratio was at its highest in January 2022, standing at 1.00, indicating that the company had sufficient liquid assets to cover its current liabilities without relying on inventory. However, this ratio decreased to 0.70 in February 2024, suggesting a decline in the company's ability to meet its short-term obligations with its most liquid assets.
The quick ratio was relatively stable in January 2023 at 0.76, but saw a significant drop in February 2020 to a mere 0.06, potentially signaling liquidity concerns. Overall, the erratic nature of Dick’s Sporting Goods Inc quick ratio indicates varying levels of liquidity and ability to cover short-term liabilities over the period analyzed. Additional analysis of the company's financial health and liquidity management practices may be necessary to understand the underlying factors contributing to these fluctuations.
Peer comparison
Feb 3, 2024