G-III Apparel Group Ltd (GIII)

Current 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
Total current assets	US$ in thousands	1,335,350	1,581,220	1,594,060	1,548,510	1,657,770	788,921	1,602,680	42,000	1,652,500	1,984,540	1,765,410	1,616,580	1,652,860	1,627,460	1,461,830	1,324,120	1,344,040	1,371,810	1,173,720	1,614,050
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
Current ratio		2.62	2.63	2.92	3.79	3.36	1.31	2.57	2.50	2.85	3.09	2.29	3.58	3.24	2.98	3.01	3.81	3.34	2.85	2.48	3.97

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 fluctuated over time based on the provided data.

From April 30, 2020, to October 31, 2021, the company's current ratio generally remained above 2, indicating that it had more than enough current assets to cover its short-term liabilities during this period. This suggested good liquidity and ability to meet its immediate obligations.

However, the current ratio dropped to 2.29 on July 31, 2022, and further decreased to 1.31 on October 31, 2023. These lower ratios may indicate potential liquidity challenges or difficulties in meeting short-term obligations with current assets.

The ratio improved to 3.36 on January 31, 2024, and remained relatively stable above 2 until October 31, 2024. This increase might suggest that the company managed to strengthen its liquidity position and was better positioned to cover its short-term commitments.

As of January 31, 2025, the current ratio stood at 2.62. This indicates that the company had $2.62 in current assets for every $1 in current liabilities, reflecting moderate liquidity and the ability to meet its short-term obligations.

Overall, while the company's current ratio has shown fluctuations over time, it is essential for stakeholders to monitor this ratio closely to assess the company's liquidity position and its ability to handle short-term financial obligations effectively.