GameStop Corp (GME)
Quick ratio
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Feb 3, 2024 | Jan 31, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 4,756,900 | 4,583,400 | 4,193,100 | 1,003,400 | 921,700 | 925,200 | 909,000 | 909,000 | 894,700 | 894,700 | 1,057,000 | 1,057,000 | 1,139,000 | 1,139,000 | 803,800 | 803,800 | 908,900 | 908,900 | 1,035,000 | 1,271,400 |
| Short-term investments | US$ in thousands | 18,000 | 32,800 | 11,100 | 83,000 | 277,600 | 277,600 | 300,500 | 300,500 | 300,000 | 300,000 | 253,100 | 253,100 | 251,600 | 251,600 | 238,300 | 238,300 | — | 0 | — | — |
| Receivables | US$ in thousands | — | — | — | — | 91,000 | — | — | 88,300 | — | 75,600 | — | 119,200 | — | 153,900 | — | 125,300 | — | 99,600 | — | — |
| Total current liabilities | US$ in thousands | 665,400 | 1,099,600 | 783,500 | 848,300 | 934,500 | 934,500 | 1,437,800 | 1,437,800 | 1,071,400 | 1,071,400 | 1,319,500 | 1,319,500 | 1,339,100 | 1,339,100 | 1,588,700 | 1,588,700 | 932,400 | 932,400 | 1,126,900 | 1,354,700 |
| Quick ratio | 7.18 | 4.20 | 5.37 | 1.28 | 1.38 | 1.29 | 0.84 | 0.90 | 1.12 | 1.19 | 0.99 | 1.08 | 1.04 | 1.15 | 0.66 | 0.73 | 0.97 | 1.08 | 0.92 | 0.94 |
January 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($4,756,900K
+ $18,000K
+ $—K)
÷ $665,400K
= 7.18
The quick ratio of GameStop Corp has shown some fluctuations over the past few years, ranging from 0.66 to as high as 7.18. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio of less than 1 indicates that the company may have difficulty meeting its short-term liabilities with its current liquid assets alone.
In the case of GameStop Corp, the quick ratio has been below 1 for some periods, indicating potential liquidity challenges. However, the quick ratio has shown improvement over recent quarters, with values exceeding 1 in most recent periods, reaching as high as 7.18 in January 31, 2025. A quick ratio above 1 suggests that the company has an adequate level of liquid assets to cover its short-term liabilities.
It is important to monitor the quick ratio over time to assess GameStop Corp's ability to manage its short-term financial obligations and determine its overall financial health and liquidity position.