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.