Ollie's Bargain Outlet Hldg (OLLI)

Current 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
Total current assets	US$ in thousands	871,428	805,559	818,261	783,268	754,296	714,352	724,672	731,356	726,828	712,515	826,850	833,249	808,767	732,502	657,260	472,436	433,538	401,468	439,643	394,260
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
Current ratio		2.76	2.79	2.74	2.82	2.91	2.83	2.85	2.83	2.76	2.59	3.36	3.27	2.85	2.65	2.72	2.48	2.44	2.14	2.13	1.86

February 3, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $871,428K ÷ $315,551K
= 2.76

Ollie's Bargain Outlet Holdings has demonstrated relatively healthy liquidity levels over the past several reporting periods, as indicated by its current ratio. The current ratio measures the company's ability to meet its short-term obligations with its current assets, with a higher ratio typically indicating better liquidity.

The current ratio for Ollie's Bargain Outlet Holdings has generally been above 2.5 over the periods in review, suggesting that the company has had a comfortable cushion of current assets to cover its current liabilities. Specifically, the current ratio ranged from a low of 2.13 to a high of 3.36 during the periods analyzed, with the ratio showing some fluctuations but generally remaining above 2.5.

It is worth noting that the current ratio peaked at 3.36 and hit a low of 2.13 during the period under review, which could indicate variations in the company's short-term liquidity position. However, the current ratios have been relatively consistent above 2.5, reflecting a prudent balance between current assets and liabilities.

Overall, Ollie's Bargain Outlet Holdings has maintained a strong current ratio over the periods analyzed, suggesting that the company has had sufficient current assets to meet its short-term obligations. This stability in liquidity indicates a satisfactory financial position in terms of short-term solvency.