Movado Group Inc (MOV)
Cash ratio
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 262,059 | 251,584 | 277,128 | 223,811 | 185,872 |
| Short-term investments | US$ in thousands | 401 | 419 | 413 | 346 | 340 |
| Total current liabilities | US$ in thousands | 113,075 | 142,420 | 151,466 | 127,671 | 109,300 |
| Cash ratio | 2.32 | 1.77 | 1.83 | 1.76 | 1.70 |
January 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($262,059K
+ $401K)
÷ $113,075K
= 2.32
The cash ratio of Movado Group Inc has been relatively stable over the past five years, ranging from 1.70 to 2.32. The ratio indicates that the company has sufficient cash or cash equivalents to cover its current liabilities. Movado Group Inc's cash ratio has generally improved over the years, which suggests a positive trend in the company's liquidity position. As of January 31, 2024, the cash ratio stands at a healthy 2.32, indicating that the company's ability to meet its short-term obligations with its cash reserves has strengthened compared to previous years. This trend reflects positively on Movado Group Inc's financial stability and ability to weather potential short-term financial challenges.