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.
Peer comparison
Feb 3, 2024