Ollie's Bargain Outlet Hldg (OLLI)

Quick 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	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	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables	US$ in thousands	2,223	1,973	2,935	985	2,374	1,363	3,086	1,054	1,372	603	824	363	621	203	2,447	4,146	2,840	977	1,191	961
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
Quick ratio		1.13	0.92	1.05	0.99	1.05	0.97	0.87	0.80	0.94	0.84	1.81	1.85	1.58	1.18	1.27	0.65	0.52	0.06	0.39	0.28

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 of Ollie's Bargain Outlet Hldg has displayed fluctuations over the past several quarters. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio of 1 or higher is generally considered acceptable.

Analyzing the data, we observe that the quick ratio has varied between 0.06 and 1.85 in the last 20 quarters. The lowest quick ratio of 0.06 was reported on November 2, 2019, indicating a potential liquidity risk as the company may have had difficulty meeting its short-term obligations at that time. However, since then, the quick ratio has gradually improved.

The quick ratio peaked at 1.85 on July 31, 2021, suggesting a strong ability to cover short-term liabilities with liquid assets during that period. The latest quick ratio of 1.13 as of February 3, 2024, indicates that the company has sufficient liquid assets to pay off its current liabilities.

Overall, fluctuations in the quick ratio suggest changes in the company's liquidity position over time. It is essential for investors and stakeholders to monitor these ratios to assess the company's short-term financial health and ability to fulfill its obligations.