Movado Group Inc (MOV)
Current ratio
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 543,878 | 567,189 | 553,884 | 501,651 | 464,554 |
| Total current liabilities | US$ in thousands | 113,075 | 142,420 | 151,466 | 127,671 | 109,300 |
| Current ratio | 4.81 | 3.98 | 3.66 | 3.93 | 4.25 |
January 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $543,878K ÷ $113,075K
= 4.81
The current ratio of Movado Group Inc has exhibited a generally increasing trend over the past five years, reaching a value of 4.81 as of January 31, 2024. This indicates that the company's current assets are 4.81 times greater than its current liabilities, reflecting a strong liquidity position. The gradual improvement in the current ratio suggests that Movado Group Inc has been efficiently managing its short-term obligations and maintaining a healthy level of liquidity. This trend signals a positive outlook for the company's ability to meet its short-term financial obligations and indicates a potential capacity for investment in growth opportunities or weathering economic downturns.