Dick’s Sporting Goods Inc (DKS)
Quick ratio
| Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,689,940 | 1,801,220 | 1,801,220 | 1,924,390 | 1,924,390 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | 118,985 | — | — | 79,473 |
| Total current liabilities | US$ in thousands | 3,080,060 | 2,752,390 | 2,752,390 | 2,641,450 | 2,641,450 |
| Quick ratio | 0.55 | 0.70 | 0.65 | 0.73 | 0.76 |
January 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,689,940K
+ $—K
+ $—K)
÷ $3,080,060K
= 0.55
The quick ratio of Dick’s Sporting Goods Inc has shown a declining trend over the period analyzed. Starting at 0.76 on January 28, 2023, the ratio decreased to 0.73 on January 31, 2023, indicating a slight drop in the company's ability to meet its short-term obligations using its most liquid assets. The ratio further decreased to 0.65 on January 31, 2024, suggesting a potential strain on the company's liquidity position. However, there was a slight improvement to 0.70 on February 3, 2024. The most notable decline was observed on January 31, 2025, where the quick ratio reached 0.55, signaling a significant decrease in the company's ability to cover its short-term liabilities with its quick assets. Overall, the downward trend in the quick ratio raises concerns about Dick’s Sporting Goods Inc's short-term liquidity and ability to meet its immediate financial obligations.
Peer comparison
Jan 31, 2025