Helen of Troy Ltd (HELE)
Quick ratio
| 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 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 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 | 24,467 | 19,637 | 17,031 | 18,375 |
| Short-term investments | US$ in thousands | — | — | 3,582 | 2,527 | 3,941 | 2,660 | 1,275 | 63 | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 394,536 | 463,323 | 387,498 | 349,699 | 377,604 | 505,555 | 507,261 | 475,904 | 457,623 | 505,933 | 429,178 | 406,409 | 382,449 | 500,070 | 402,027 | 332,769 | 348,023 | 365,543 | 310,377 | 262,511 |
| Total current liabilities | US$ in thousands | 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 | 338,896 | 317,899 | 317,857 | 289,058 |
| Quick ratio | 0.92 | 0.90 | 0.88 | 0.89 | 1.00 | 1.06 | 0.94 | 0.87 | 0.81 | 0.88 | 0.77 | 0.78 | 0.70 | 1.10 | 1.10 | 1.15 | 1.10 | 1.21 | 1.03 | 0.97 |
February 29, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($18,501K
+ $—K
+ $394,536K)
÷ $450,811K
= 0.92
The quick ratio of Helen of Troy Ltd has shown fluctuations over the past few quarters. It indicates the company's ability to cover its short-term liabilities with its most liquid assets.
The quick ratio has generally been above 1, which suggests that the company has been able to meet its short-term obligations using its quick assets such as cash, cash equivalents, and accounts receivable. However, the ratio dipped to 0.81 in May 2022, indicating a potential liquidity strain.
In the most recent period, as of February 29, 2024, the quick ratio stands at 0.92. This indicates that the company may have slightly fewer liquid assets to cover its current liabilities compared to the previous quarter. It is important for stakeholders to monitor this ratio closely to ensure that the company can meet its short-term obligations effectively.