G-III Apparel Group Ltd (GIII)

Current ratio

		Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020
Total current assets	US$ in thousands	1,660,320	1,652,500	1,652,860	1,344,040	1,368,690
Total current liabilities	US$ in thousands	493,628	579,069	510,805	402,002	613,960
Current ratio		3.36	2.85	3.24	3.34	2.23

January 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,660,320K ÷ $493,628K
= 3.36

The current ratio of G-III Apparel Group Ltd has shown fluctuations over the past five years. The current ratio measures the company's ability to meet its short-term obligations with its current assets.

In the most recent fiscal year ending on January 31, 2024, the current ratio was 3.36, indicating that the company had $3.36 in current assets for every $1 in current liabilities. This represents an improvement from the previous year's current ratio of 2.85.

Looking back over the five-year period, the current ratio has ranged from 2.23 to 3.36. The peak current ratio of 3.36 in 2024 suggests that the company has strengthened its liquidity position, potentially due to an increase in current assets or a decrease in current liabilities.

Overall, the upward trend in the current ratio indicates that G-III Apparel Group Ltd has been managing its short-term liquidity effectively and may have improved its ability to cover its short-term financial obligations. However, further analysis of the individual components of current assets and liabilities is recommended for a more in-depth understanding of the company's financial position.