Five Below Inc (FIVE)

Cash 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 and cash equivalents	US$ in thousands	179,749	162,928	334,544	335,286	332,324	44,229	155,101	120,501	64,973	86,753	126,195	84,170	268,783	117,045	160,338	69,760	202,490	77,496	178,800	220,778
Short-term investments	US$ in thousands	280,339	0	101,813	88,241	66,845	72,722	117,315	189,140	277,141	224,563	286,929	299,289	140,928	96,749	41,670	69,220	59,229	54,072	90,325	67,875
Total current liabilities	US$ in thousands	715,926	758,166	649,468	618,554	602,560	639,850	630,523	594,387	586,901	613,602	501,850	465,593	435,670	496,844	366,193	363,787	351,345	397,803	305,861	320,875
Cash ratio		0.64	0.21	0.67	0.68	0.66	0.18	0.43	0.52	0.58	0.51	0.82	0.82	0.94	0.43	0.55	0.38	0.74	0.33	0.88	0.90

February 3, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($179,749K + $280,339K) ÷ $715,926K
= 0.64

The cash ratio for Five Below Inc has shown some fluctuations over the past few quarters. The ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents.

The ratio was relatively low at 0.21 in October 2023, indicating a lower level of cash compared to short-term obligations at that time. However, it increased significantly to 0.67 in July 2023, suggesting an improvement in the company's liquidity position.

Subsequently, the ratio remained relatively stable around the range of 0.58 to 0.68 from July 2023 to April 2022, indicating that the company was able to maintain a healthy level of cash relative to its short-term liabilities during this period.

The highest cash ratio was observed in May 2021 and August 2021 at 0.82, demonstrating a strong ability to cover short-term obligations with cash on hand. However, the ratio declined to 0.33 in November 2019, but gradually recovered in the following quarters.

Overall, the cash ratio for Five Below Inc fluctuated over the analyzed periods but generally showed the company's ability to meet its short-term obligations with its available cash resources.