G-III Apparel Group Ltd (GIII)

Current ratio

		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	Jan 31, 2020	Oct 31, 2019	Jul 31, 2019	Apr 30, 2019
Total current assets	US$ in thousands	1,660,320	1,713,140	1,602,680	1,491,760	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	1,368,690	1,685,730	1,452,220	1,171,550
Total current liabilities	US$ in thousands	493,628	602,344	624,012	508,103	579,069	643,178	769,386	451,984	510,805	547,002	485,541	347,757	402,002	482,084	472,420	406,534	613,960	713,249	697,228	540,231
Current ratio		3.36	2.84	2.57	2.94	2.85	3.09	2.29	3.58	3.24	2.98	3.01	3.81	3.34	2.85	2.48	3.97	2.23	2.36	2.08	2.17

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 some fluctuations over the past several quarters. As of January 31, 2024, the current ratio stands at 3.36, indicating that the company has $3.36 in current assets for every $1 in current liabilities.

Looking at the trend, we can see that the current ratio has generally been above 2.0 over the past two years, suggesting that the company has had a strong ability to meet its short-term obligations. The highest current ratio was observed in January 2021 at 3.97, indicating a significant cushion of current assets relative to current liabilities.

However, there have been some fluctuations in the current ratio over the period, with the ratio dipping to a low of 2.08 in July 2019. This could indicate potential challenges in managing short-term obligations during that period.

Overall, the current ratio trend for G-III Apparel Group Ltd has generally been favorable, reflecting a healthy liquidity position and the ability to cover short-term liabilities comfortably. Further analysis of the company's liquidity and working capital management practices could provide additional insights into its financial health.