Dick’s Sporting Goods Inc (DKS)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | 118,985 | — | — | 149,909 | — | 153,637 | — | 149,037 | — | 79,473 | — | 91,273 | — | 84,428 | — | — |
| 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 |
| Quick ratio | 0.55 | 0.45 | 0.58 | 0.55 | 0.70 | 0.65 | 0.47 | 0.52 | 0.69 | 0.74 | 0.65 | 0.71 | 0.73 | 0.76 | 0.52 | 0.55 | 0.68 | 0.71 | 0.80 | 0.97 |
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 varying levels over the past few years, ranging from 0.47 to 0.97. The quick ratio, which measures the company's ability to meet its short-term obligations with its most liquid assets, has generally been declining. This suggests that the company may be facing challenges in quickly converting its current assets into cash to cover its immediate liabilities.
The quick ratio was at its highest at 0.97 on January 31, 2022, indicating a relatively strong position in terms of liquidity. However, the ratio has been decreasing since then, reaching its lowest point of 0.45 on October 31, 2024. This downward trend may raise concerns about the company's ability to handle its short-term financial obligations efficiently.
Overall, the decreasing trend in Dick’s Sporting Goods Inc's quick ratio highlights the importance of closely monitoring the company's liquidity position and implementing strategies to improve its ability to meet short-term obligations.
Peer comparison
Jan 31, 2025