Kohls Corp (KSS)
Cash 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 and cash equivalents | US$ in thousands | 183,000 | 190,000 | 204,000 | 286,000 | 153,000 | 194,000 | 222,000 | 646,000 | 1,587,000 | 1,873,000 | 2,569,000 | 1,609,000 | 2,271,000 | 1,939,000 | 2,428,000 | 2,039,000 | 723,000 | 490,000 | 625,000 | 543,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 2,612,000 | 4,156,000 | 3,470,000 | 3,554,000 | 3,115,000 | 4,486,000 | 3,370,000 | 3,394,000 | 3,286,000 | 3,939,000 | 3,309,000 | 2,938,000 | 3,022,000 | 3,743,000 | 2,566,000 | 3,287,000 | 2,769,000 | 4,075,000 | 2,840,000 | 2,792,000 |
| Cash ratio | 0.07 | 0.05 | 0.06 | 0.08 | 0.05 | 0.04 | 0.07 | 0.19 | 0.48 | 0.48 | 0.78 | 0.55 | 0.75 | 0.52 | 0.95 | 0.62 | 0.26 | 0.12 | 0.22 | 0.19 |
February 3, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($183,000K
+ $—K)
÷ $2,612,000K
= 0.07
The cash ratio of Kohls Corp has shown fluctuations over the periods indicated in the table. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to cover short-term obligations.
From August 2019 to October 2021, the cash ratio fluctuated within a fairly consistent range between 0.12 and 0.78. Notably, there was a significant increase in the cash ratio from January 2022 to April 2022, where it jumped from 0.05 to 0.19. This spike in the cash ratio suggests an improved ability to cover short-term liabilities during that period.
However, there was a decline in the cash ratio in the subsequent quarters until January 2023, where it decreased to 0.05. The ratio then gradually increased to 0.08 in April 2023 before declining again to 0.04 in July 2023. From there, the cash ratio showed slight fluctuations until the most recent data point of 0.07 in February 2024.
Overall, while the cash ratio of Kohls Corp has varied over time, it is essential to consider the context and reasons behind these fluctuations to gain a deeper understanding of the company's liquidity position. Monitoring trends in the cash ratio can provide valuable insights into a company's financial health and ability to meet its short-term obligations with available cash resources.
Peer comparison
Feb 3, 2024