G-III Apparel Group Ltd (GIII)
Cash ratio
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 181,440 | 104,686 | 414,791 | 508,434 | 507,829 | 197,391 | 197,735 | 600 | 191,652 | 150,719 | 150,977 | 438,411 | 465,984 | 279,564 | 509,988 | 396,311 | 351,934 | 149,745 | 252,798 | 616,183 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 63,383 | 60,850 | 63,523 | 62,177 | — | — |
| Total current liabilities | US$ in thousands | 510,490 | 600,321 | 546,405 | 408,065 | 493,628 | 602,344 | 624,012 | 16,800 | 579,069 | 643,178 | 769,386 | 451,984 | 510,805 | 547,002 | 485,541 | 347,757 | 402,002 | 482,084 | 472,420 | 406,534 |
| Cash ratio | 0.36 | 0.17 | 0.76 | 1.25 | 1.03 | 0.33 | 0.32 | 0.04 | 0.33 | 0.23 | 0.20 | 0.97 | 0.91 | 0.51 | 1.18 | 1.31 | 1.03 | 0.44 | 0.54 | 1.52 |
January 31, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($181,440K
+ $—K)
÷ $510,490K
= 0.36
The cash ratio of G-III Apparel Group Ltd provides insight into the company's ability to cover immediate short-term obligations with its cash and cash equivalents. Looking at the historical trend, we observe fluctuations in the cash ratio over the period from April 2020 to January 2025.
The cash ratio ranged between 0.04 and 1.52 during this period, indicating varying levels of liquidity. A higher cash ratio signifies a stronger ability to meet short-term obligations without relying heavily on other current assets or external financing. Conversely, a lower cash ratio may indicate a potential liquidity risk.
Throughout the period under review, the cash ratio experienced fluctuations, with notable peaks and troughs. It is essential to understand the factors driving these changes in liquidity, such as operating cash flows, capital expenditure requirements, debt repayment obligations, and overall business performance.
Analyzing the cash ratio in conjunction with other liquidity and financial metrics can provide a comprehensive assessment of G-III Apparel Group Ltd's financial health and liquidity position. Additionally, comparing the company's cash ratio to industry benchmarks and peers can offer further insights into its liquidity management and relative performance in the market.
Peer comparison
Jan 31, 2025