Helen of Troy Ltd (HELE)
Quick ratio
| Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 18,867 | 40,804 | 20,137 | 16,148 | 18,501 | 25,247 | 24,214 | 38,869 | 29,073 | 45,337 | 39,650 | 49,254 | 33,381 | 44,344 | 31,779 | 37,368 | 45,120 | 156,661 | 148,399 | 88,517 |
| Short-term investments | US$ in thousands | — | — | 2,500 | 2,500 | 2,500 | 2,400 | 3,582 | 2,527 | 3,941 | 2,660 | 1,275 | 63 | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 466,259 | 517,772 | 508,696 | 427,675 | 450,811 | 543,716 | 472,395 | 440,791 | 412,158 | 522,702 | 583,111 | 603,335 | 602,690 | 625,308 | 600,235 | 571,735 | 614,892 | 598,505 | 500,335 | 365,929 |
| Quick ratio | 0.04 | 0.08 | 0.04 | 0.04 | 0.05 | 0.05 | 0.06 | 0.09 | 0.08 | 0.09 | 0.07 | 0.08 | 0.06 | 0.07 | 0.05 | 0.07 | 0.07 | 0.26 | 0.30 | 0.24 |
February 28, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($18,867K
+ $—K
+ $—K)
÷ $466,259K
= 0.04
The quick ratio of Helen of Troy Ltd, which measures the company's ability to meet its short-term obligations with its most liquid assets, has shown some fluctuations over the period from May 31, 2020, to February 28, 2025.
The quick ratio started at a low level of 0.24 on May 31, 2020, indicating that the company had limited liquid assets relative to its current liabilities. It improved slightly to 0.30 by August 31, 2020, before declining to 0.26 on November 30, 2020.
Significant fluctuations occurred in the following months, with the quick ratio dropping sharply to 0.07 by February 28, 2021, and remaining at this low level until August 31, 2021. This suggests a potential liquidity challenge during this period.
Subsequent periods saw some small improvements, with the quick ratio increasing slightly to 0.09 by November 30, 2022, before dropping back to 0.04 by August 31, 2024. The ratio improved to 0.08 by November 30, 2024, but declined again to 0.04 by February 28, 2025.
Overall, the quick ratio of Helen of Troy Ltd has displayed significant variability, indicating fluctuations in the company's ability to cover its short-term liabilities with its liquid assets. This variability may raise concerns about the company's short-term liquidity position and ability to meet its upcoming financial obligations.