Ollie's Bargain Outlet Hldg (OLLI)

Quick ratio

		Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020
Cash	US$ in thousands	266,262	210,596	246,977	447,126	89,950
Short-term investments	US$ in thousands	86,980	60,165	—	—	—
Receivables	US$ in thousands	2,223	2,374	1,372	621	2,840
Total current liabilities	US$ in thousands	315,551	259,285	263,268	283,796	177,685
Quick ratio		1.13	1.05	0.94	1.58	0.52

February 3, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($266,262K + $86,980K + $2,223K) ÷ $315,551K
= 1.13

The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. Ollie's Bargain Outlet Hldg's quick ratio has fluctuated over the past five years, indicating changes in its liquidity position.

As of February 3, 2024, the quick ratio stands at 1.13, a slight increase from the previous year's ratio of 1.05. This suggests that Ollie's Bargain Outlet Hldg has improved its ability to cover its short-term liabilities with its quick assets, which include cash, marketable securities, and accounts receivable.

Comparing the current ratio to previous years, we can see a noticeable improvement from the quick ratios of 2020 (0.52) and 2022 (0.94). In 2021, the quick ratio spiked to 1.58, indicating very strong liquidity at that time.

Overall, Ollie's Bargain Outlet Hldg's quick ratio has shown fluctuations over the years, with a mix of strengths and weaknesses in its ability to quickly meet its short-term financial obligations. Investors and stakeholders should continue to monitor this ratio to gauge the company's liquidity and financial health.