G-III Apparel Group Ltd (GIII)
Current ratio
| Jan 31, 2025 | Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,335,350 | 1,660,320 | 1,652,500 | 1,652,860 | 1,344,040 |
| Total current liabilities | US$ in thousands | 510,490 | 493,628 | 579,069 | 510,805 | 402,002 |
| Current ratio | 2.62 | 3.36 | 2.85 | 3.24 | 3.34 |
January 31, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,335,350K ÷ $510,490K
= 2.62
The current ratio of G-III Apparel Group Ltd has exhibited some fluctuations over the past five years. As of January 31, 2021, the company's current ratio stood at 3.34, indicating a strong ability to cover its short-term liabilities with current assets. However, by January 31, 2023, the current ratio had decreased to 2.85, suggesting a slight weakening in the company's liquidity position.
Subsequently, the current ratio increased to 3.36 as of January 31, 2024, showing an improvement in liquidity. However, by the most recent data available on January 31, 2025, the current ratio dropped to 2.62, indicating a lower capacity to meet short-term obligations with current assets.
Overall, fluctuations in G-III Apparel Group Ltd's current ratio may reflect changes in the company's operating cycle, efficiency in managing working capital, or variations in current assets and liabilities. It is essential for stakeholders to monitor these trends to assess the company's liquidity risk and financial health accurately.
Peer comparison
Jan 31, 2025