GameStop Corp (GME)
Quick ratio
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 921,700 | 909,000 | 894,700 | 1,057,000 | 1,139,000 | 803,800 | 908,900 | 1,035,000 | 1,271,400 | 1,413,000 | 1,720,400 | 694,700 | 508,500 | 445,900 | 735,100 | 570,300 | 499,400 | 290,300 | 424,000 | 543,200 |
| Short-term investments | US$ in thousands | 277,600 | 300,500 | 300,000 | 253,100 | 251,600 | 238,300 | 0 | 0 | 0 | 0 | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 91,000 | 88,300 | 75,600 | 119,200 | 153,900 | 125,300 | 99,600 | 103,400 | 141,100 | 83,400 | 68,500 | 102,100 | 105,300 | 77,600 | 83,100 | 86,700 | 141,900 | 145,700 | 122,400 | 126,000 |
| Total current liabilities | US$ in thousands | 934,500 | 1,437,800 | 1,071,400 | 1,319,500 | 1,339,100 | 1,588,700 | 932,400 | 1,126,900 | 1,354,700 | 1,533,300 | 1,194,300 | 1,217,900 | 1,342,700 | 1,576,700 | 1,312,200 | 1,519,700 | 1,237,700 | 1,573,500 | 1,216,800 | 1,297,300 |
| Quick ratio | 1.38 | 0.90 | 1.19 | 1.08 | 1.15 | 0.73 | 1.08 | 1.01 | 1.04 | 0.98 | 1.50 | 0.65 | 0.46 | 0.33 | 0.62 | 0.43 | 0.52 | 0.28 | 0.45 | 0.52 |
February 3, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($921,700K
+ $277,600K
+ $91,000K)
÷ $934,500K
= 1.38
The quick ratio of GameStop Corp has experienced fluctuations over the past few quarters. The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets.
Looking at the data provided, the quick ratio ranged from a low of 0.28 to a high of 1.50 over the last few quarters. A quick ratio above 1 indicates that the company has an adequate level of liquid assets to cover its short-term liabilities.
In the most recent quarter, the quick ratio was 1.38, indicating a strong ability to meet short-term obligations. However, there have been periods, such as in May 2021 and October 2022, where the quick ratio was significantly lower, signaling potential liquidity concerns.
Overall, the trend in the quick ratio suggests that GameStop Corp has had varying levels of liquidity over the past few quarters, and investors and stakeholders should closely monitor any significant changes in the ratio for potential impacts on the company's financial health.