G-III Apparel Group Ltd (GIII)
Quick ratio
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 507,829 | 191,652 | 465,984 | 351,934 | 197,372 |
| Short-term investments | US$ in thousands | — | — | — | 63,523 | — |
| Receivables | US$ in thousands | 562,363 | 674,963 | 605,512 | 492,698 | 530,137 |
| Total current liabilities | US$ in thousands | 493,628 | 579,069 | 510,805 | 402,002 | 613,960 |
| Quick ratio | 2.17 | 1.50 | 2.10 | 2.26 | 1.18 |
January 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($507,829K
+ $—K
+ $562,363K)
÷ $493,628K
= 2.17
The quick ratio of G-III Apparel Group Ltd over the past five years has exhibited fluctuating trends. The ratio for the most recent fiscal year as of January 31, 2024, stands at 2.17, indicating the company has $2.17 of liquid assets available to cover each dollar of current liabilities, reflecting a strong liquidity position. This represents an improvement from the previous year, where the quick ratio was 1.50. In the years prior, the quick ratio has shown variability, ranging from 1.18 in January 2020 to 2.26 in January 2021. Overall, the company has historically maintained a satisfactory quick ratio, signifying its ability to meet short-term obligations efficiently.
Peer comparison
Jan 31, 2024