Movado Group Inc (MOV)
Current ratio
| Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 543,878 | 538,445 | 534,372 | 525,390 | 567,189 | 563,879 | 550,123 | 524,982 | 553,884 | 536,151 | 504,466 | 483,454 | 501,651 | 471,593 | 433,553 | 442,476 | 464,554 | 484,198 | 461,655 | 447,106 |
| Total current liabilities | US$ in thousands | 113,075 | 126,389 | 121,693 | 116,013 | 142,420 | 165,595 | 159,618 | 138,389 | 151,466 | 145,035 | 135,105 | 114,550 | 127,671 | 133,352 | 109,409 | 93,615 | 109,300 | 137,431 | 126,897 | 111,982 |
| Current ratio | 4.81 | 4.26 | 4.39 | 4.53 | 3.98 | 3.41 | 3.45 | 3.79 | 3.66 | 3.70 | 3.73 | 4.22 | 3.93 | 3.54 | 3.96 | 4.73 | 4.25 | 3.52 | 3.64 | 3.99 |
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 shown fluctuations over the past few quarters. The current ratio measures the company's ability to cover its short-term obligations with its current assets.
From January 31, 2019, to July 31, 2022, Movado Group Inc's current ratio ranged between 3.41 and 4.81, indicating a strong liquidity position. However, there was some variability in the ratio during this period.
The current ratio decreased to 3.41 in July 31, 2022, before gradually increasing to 4.81 in January 31, 2024, which indicates an improvement in liquidity. This improvement suggests that Movado Group Inc may have increased its current assets relative to its current liabilities, potentially enhancing its ability to meet short-term obligations.
Overall, Movado Group Inc's current ratio indicates a generally healthy liquidity position, as it consistently stays above 2, which is considered a benchmark for financial health. However, it is important to monitor the ratio in conjunction with other financial metrics to get a comprehensive view of the company's financial health over time.