Guess? Inc. (GES)
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 | 360,285 | 244,103 | 302,626 | 298,642 | 275,765 | 174,065 | 174,372 | 147,897 | 415,565 | 391,065 | 458,914 | 395,128 | 469,110 | 365,259 | 327,970 | 419,415 | 284,613 | 110,095 | 131,060 | 112,933 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 791,557 | 836,394 | 857,305 | 829,033 | 763,052 | 732,727 | 760,319 | 758,491 | 817,874 | 804,638 | 715,152 | 676,675 | 762,539 | 735,373 | 730,480 | 722,224 | 638,413 | 656,767 | 673,352 | 645,800 |
| Cash ratio | 0.46 | 0.29 | 0.35 | 0.36 | 0.36 | 0.24 | 0.23 | 0.19 | 0.51 | 0.49 | 0.64 | 0.58 | 0.62 | 0.50 | 0.45 | 0.58 | 0.45 | 0.17 | 0.19 | 0.17 |
February 3, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($360,285K
+ $—K)
÷ $791,557K
= 0.46
The cash ratio of Guess? Inc. has displayed fluctuations over the past few quarters. The ratio indicates the company's ability to cover its short-term liabilities with its cash and cash equivalents.
In the most recent period, the cash ratio stood at 0.46, showing an increase from the previous quarter's 0.29. This suggests that Guess? Inc. has improved its liquidity position compared to the prior quarter. However, the ratio is still below 1, indicating that the company may have limited immediate capacity to meet its short-term obligations solely from its cash reserves.
Looking at the trend over the past several quarters, the cash ratio has varied between 0.17 and 0.64. This fluctuation may reflect changes in the company's operating cash flows, investments, or capital allocation strategies during this period. Notably, the highest cash ratio of 0.64 was recorded in the third quarter of 2021, indicating a stronger liquidity position at that time.
Overall, the varying cash ratio of Guess? Inc. suggests fluctuations in its ability to cover short-term liabilities with its available cash. It is essential for investors and stakeholders to monitor this ratio alongside other liquidity and financial metrics to gain a comprehensive understanding of the company's financial health.