G-III Apparel Group Ltd (GIII)

Quick 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
Cash	US$ in thousands	507,829	197,391	197,735	289,729	191,652	150,719	150,977	438,411	465,984	279,564	509,988	396,311	351,934	149,745	252,798	616,183	197,372	55,801	39,568	48,312
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	63,383	60,850	63,523	62,177	2	—	—	—	—	—
Receivables	US$ in thousands	562,363	863,221	519,361	494,601	674,963	881,135	488,523	573,613	605,512	844,382	385,047	509,430	492,698	720,975	276,502	421,143	530,137	899,029	464,663	478,371
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
Quick ratio		2.17	1.76	1.15	1.54	1.50	1.60	0.83	2.24	2.10	2.05	1.97	2.78	2.26	1.94	1.12	2.55	1.18	1.34	0.72	0.97

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 has displayed fluctuations over the past few quarters. As of January 31, 2024, the company's quick ratio stands at 2.17, indicating a strong ability to cover its short-term liabilities with its most liquid assets. This represents an improvement from the previous quarter's quick ratio of 1.76.

Looking back at historical data, the quick ratio has been volatile, with values ranging from a low of 0.72 on April 30, 2019, to a high of 2.78 on April 30, 2021. The company's ability to meet its short-term obligations has varied over time, suggesting fluctuations in liquidity management.

Overall, the recent uptick in the quick ratio to 2.17 is a positive sign for G-III Apparel Group Ltd, indicating a strengthened ability to cover its short-term liabilities with its current liquid assets. However, further monitoring of the company's liquidity position is recommended to assess the sustainability of this improvement.