Dick’s Sporting Goods Inc (DKS)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 118,985 | 149,909 | 153,637 | 149,037 | 79,473 | 91,273 | 84,428 | 77,892 | 70,241 | 90,162 | 89,425 | 69,948 | 59,545 | 77,212 | 74,790 | 100,895 | 53,173 | 70,463 | 64,096 | 52,382 |
| 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 |
| Quick ratio | 0.70 | 0.52 | 0.74 | 0.71 | 0.76 | 0.55 | 0.71 | 0.83 | 1.00 | 0.55 | 0.91 | 0.75 | 0.67 | 0.45 | 0.50 | 0.84 | 0.06 | 0.08 | 0.09 | 0.08 |
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 varied over the period analyzed, ranging from as low as 0.06 to as high as 1.00. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets, excluding inventory. A quick ratio of 1.00 indicates that the company has just enough liquid assets to cover its current liabilities.
Analyzing the data, we can see that the quick ratio has been volatile, with fluctuations noted in almost every reporting period. The company's ability to cover its short-term liabilities with its most liquid assets has shown inconsistency, with some periods indicating a stronger position (e.g., 1.00 in Jan 29, 2022) and others showing a weaker position (e.g., 0.06 in Feb 1, 2020).
It is essential to monitor the trend of the quick ratio over time to assess the company's liquidity position accurately. A consistently low quick ratio may indicate potential liquidity issues, while a consistently high ratio could suggest an overly conservative approach to managing liquidity. Investors and analysts should consider other financial metrics and qualitative factors alongside the quick ratio to gain a comprehensive understanding of Dick’s Sporting Goods Inc's financial health.
Peer comparison
Feb 3, 2024