Kohls Corp (KSS)
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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 167,000 | — | — | — | 210,000 | — | — | — | 190,000 | — | — | — | 789,000 | 115,000 | — | — | 15,000 | 25,000 | 16,000 | 15,000 |
| 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 |
| Quick ratio | 0.13 | 0.05 | 0.06 | 0.08 | 0.12 | 0.04 | 0.07 | 0.19 | 0.54 | 0.48 | 0.78 | 0.55 | 1.01 | 0.55 | 0.95 | 0.62 | 0.27 | 0.13 | 0.23 | 0.20 |
February 3, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($183,000K
+ $—K
+ $167,000K)
÷ $2,612,000K
= 0.13
The quick ratio, also known as the acid-test ratio, measures a company's ability to cover its short-term liabilities with its most liquid assets. A quick ratio below 1 indicates that a company may have difficulty meeting its short-term obligations.
Analyzing the quick ratio of Kohls Corp over the past several quarters, we observe fluctuations in the ratio. The quick ratio ranged from as low as 0.04 to as high as 1.01 during the time period.
In the most recent period, as of February 3, 2024, Kohls Corp had a quick ratio of 0.13. This implies that the company may struggle to cover its short-term liabilities with its quick assets alone.
Interestingly, the quick ratio significantly improved in the quarter ended November 2, 2021, reaching 0.78, indicating a stronger ability to meet short-term obligations. However, the ratio declined in subsequent periods.
It is crucial for investors and stakeholders to monitor the quick ratio trend over time to assess Kohls Corp's liquidity position and ability to meet its short-term financial commitments. A consistent improvement or maintenance of a healthy quick ratio above 1 would be favorable for the company's financial health.
Peer comparison
Feb 3, 2024