G-III Apparel Group Ltd (GIII)
Quick ratio
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 181,440 | 104,686 | 414,791 | 508,434 | 507,829 | 197,391 | 197,735 | 600 | 191,652 | 150,719 | 150,977 | 438,411 | 465,984 | 279,564 | 509,988 | 396,311 | 351,934 | 149,745 | 252,798 | 616,183 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 63,383 | 60,850 | 63,523 | 62,177 | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 510,490 | 600,321 | 546,405 | 408,065 | 493,628 | 602,344 | 624,012 | 16,800 | 579,069 | 643,178 | 769,386 | 451,984 | 510,805 | 547,002 | 485,541 | 347,757 | 402,002 | 482,084 | 472,420 | 406,534 |
| Quick ratio | 0.36 | 0.17 | 0.76 | 1.25 | 1.03 | 0.33 | 0.32 | 0.04 | 0.33 | 0.23 | 0.20 | 0.97 | 0.91 | 0.51 | 1.18 | 1.31 | 1.03 | 0.44 | 0.54 | 1.52 |
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 some fluctuations over the years based on the provided data. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
- The quick ratio was at its highest point of 1.52 as of April 30, 2020, indicating a strong ability to cover short-term liabilities with liquid assets.
- However, there was a significant drop in the quick ratio to 0.20 as of July 31, 2022, suggesting a potential liquidity concern.
- The quick ratio improved to 1.25 as of April 30, 2024, indicating a better ability to meet short-term obligations with liquid assets.
- By January 31, 2025, the quick ratio stood at 0.36, reflecting a slight decline in liquidity compared to the previous period.
Overall, the fluctuations in the quick ratio of G-III Apparel Group Ltd indicate changes in the company's short-term liquidity position over the periods analyzed. It is important for the company to closely monitor and manage its liquidity to ensure it can meet its short-term obligations effectively.
Peer comparison
Jan 31, 2025