Ollie's Bargain Outlet Hldg (OLLI)
Cash 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 and cash equivalents | US$ in thousands | 266,262 | 159,555 | 181,416 | 134,959 | 210,596 | 182,104 | 218,043 | 205,463 | 246,977 | 229,726 | 444,262 | 472,167 | 447,126 | 325,525 | 305,110 | 119,351 | 89,950 | 10,101 | 78,473 | 58,511 |
| Short-term investments | US$ in thousands | 86,980 | 104,477 | 128,769 | 140,530 | 60,165 | 60,165 | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 315,551 | 289,103 | 298,295 | 278,213 | 259,285 | 252,193 | 254,112 | 258,154 | 263,268 | 274,596 | 245,863 | 255,020 | 283,796 | 276,160 | 241,588 | 190,421 | 177,685 | 187,601 | 206,437 | 212,092 |
| Cash ratio | 1.12 | 0.91 | 1.04 | 0.99 | 1.04 | 0.96 | 0.86 | 0.80 | 0.94 | 0.84 | 1.81 | 1.85 | 1.58 | 1.18 | 1.26 | 0.63 | 0.51 | 0.05 | 0.38 | 0.28 |
February 3, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($266,262K
+ $86,980K)
÷ $315,551K
= 1.12
The cash ratio for Ollie's Bargain Outlet Hldg fluctuated over the past 20 periods, ranging from a low of 0.05 to a high of 1.85. This ratio indicates the company's ability to cover its short-term liabilities with its available cash and cash equivalents.
Ollie's Bargain Outlet Hldg's cash ratio peaked at 1.85 in July 2021, indicating a strong ability to meet its short-term obligations with cash on hand during that period. However, the ratio decreased in the subsequent periods, dipping to its lowest point of 0.05 in November 2019, suggesting a potential liquidity strain at that time.
Overall, the company's cash ratio has shown variability, with some periods indicating a strong liquidity position while others pointing to potential challenges in meeting short-term obligations solely with cash resources. Analyzing the trend of the cash ratio over time can provide insights into Ollie's Bargain Outlet Hldg's liquidity management and financial health.
Peer comparison
Feb 3, 2024