G-III Apparel Group Ltd (GIII)
Quick ratio
| Jan 31, 2025 | Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 181,440 | 507,829 | 191,652 | 465,984 | 351,934 |
| Short-term investments | US$ in thousands | — | — | — | — | 63,523 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 510,490 | 493,628 | 579,069 | 510,805 | 402,002 |
| Quick ratio | 0.36 | 1.03 | 0.33 | 0.91 | 1.03 |
January 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($181,440K
+ $—K
+ $—K)
÷ $510,490K
= 0.36
The quick ratio of G-III Apparel Group Ltd has exhibited fluctuations over the past five years. As of January 31, 2021, the quick ratio was at a relatively healthy level of 1.03, indicating that the company had an adequate amount of liquid assets to cover its current liabilities. However, by January 31, 2023, the quick ratio had declined significantly to 0.33, signaling potential liquidity challenges as the company may struggle to meet its short-term obligations with its available liquid assets.
Subsequently, there was a slight improvement in the quick ratio by January 31, 2024, where it stood at 1.03 again, suggesting a return to a more solid liquidity position. However, by January 31, 2025, the quick ratio dropped to 0.36, indicating a decreased ability to pay off current liabilities using its readily available assets.
Overall, the trend in G-III Apparel Group Ltd's quick ratio shows some volatility, with periods of adequate liquidity followed by potential liquidity strains. It would be essential for the company to closely monitor and manage its liquidity position to ensure it can meet its short-term obligations effectively.
Peer comparison
Jan 31, 2025