Lululemon Athletica Inc. (LULU)
Cash ratio
| Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Nov 1, 2020 | Aug 2, 2020 | May 3, 2020 | Feb 2, 2020 | Nov 3, 2019 | Aug 4, 2019 | May 5, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 2,243,970 | 1,091,140 | 1,107,530 | 950,607 | 1,154,870 | 352,624 | 498,831 | 649,016 | 1,259,870 | 993,591 | 1,170,040 | 1,179,740 | 1,150,520 | 481,581 | 522,998 | 823,006 | 1,093,500 | 586,153 | 623,738 | 576,241 |
| Short-term investments | US$ in thousands | 8 | 47 | 8 | 8 | 8 | 8 | 34,894 | 136,127 | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,631,260 | 1,448,110 | 1,386,370 | 1,256,770 | 1,492,200 | 1,322,840 | 1,207,210 | 1,206,890 | 1,405,330 | 1,118,020 | 981,354 | 964,814 | 883,178 | 730,878 | 763,309 | 631,496 | 620,418 | 574,769 | 552,609 | 502,942 |
| Cash ratio | 1.38 | 0.75 | 0.80 | 0.76 | 0.77 | 0.27 | 0.44 | 0.65 | 0.90 | 0.89 | 1.19 | 1.22 | 1.30 | 0.66 | 0.69 | 1.30 | 1.76 | 1.02 | 1.13 | 1.15 |
January 28, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($2,243,970K
+ $8K)
÷ $1,631,260K
= 1.38
The cash ratio for Lululemon Athletica Inc. has fluctuated over the periods provided. It is calculated by dividing cash and cash equivalents by current liabilities. A higher cash ratio indicates a company's ability to cover its current liabilities with cash on hand.
Lululemon's cash ratio reached its peak at 1.76 on Feb 2, 2020, which suggests that the company had a strong ability to cover its short-term obligations with its available cash and cash equivalents at that time. Subsequently, the ratio fluctuated, with some periods showing ratios below 1, such as Oct 30, 2022, and Jul 31, 2022, indicating a relatively lower ability to cover current liabilities solely with its cash reserves during those periods.
Overall, while Lululemon Athletica Inc. has experienced fluctuations in its cash ratio, it is important to consider other liquidity ratios as well to gain a comprehensive understanding of the Company's liquidity position.
Peer comparison
Jan 28, 2024