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.