Oxford Industries Inc (OXM)
Cash ratio
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 7,604 | 8,826 | 44,859 | 66,013 | 52,460 |
| Short-term investments | US$ in thousands | — | 0 | 164,890 | 0 | — |
| Total current liabilities | US$ in thousands | 240,644 | 269,639 | 226,166 | 196,252 | 177,779 |
| Cash ratio | 0.03 | 0.03 | 0.93 | 0.34 | 0.30 |
February 3, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($7,604K
+ $—K)
÷ $240,644K
= 0.03
The cash ratio of Oxford Industries Inc has shown fluctuations over the past five years. As of February 3, 2024, the cash ratio stands at 0.03, remaining stable compared to the previous year. However, a significant decrease is noted when compared to the 0.93 ratio reported on January 29, 2022. This decline in the cash ratio indicates that the company has a lower level of cash and cash equivalents relative to its current liabilities in the most recent period. Conversely, the ratios from January 30, 2021, and February 1, 2020, were 0.34 and 0.30, respectively, reflecting a stronger liquidity position in those years. Overall, the trend in the cash ratio suggests that Oxford Industries Inc may have had a higher liquidity buffer in previous years compared to the most recent period, which could potentially impact its ability to meet short-term obligations with cash on hand.
Peer comparison
Feb 3, 2024