Oxford Industries Inc (OXM)
Cash ratio
Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Feb 3, 2024 | Nov 30, 2023 | Oct 28, 2023 | Aug 31, 2023 | Jul 29, 2023 | May 31, 2023 | Apr 29, 2023 | Feb 28, 2023 | Jan 28, 2023 | Nov 30, 2022 | Oct 29, 2022 | Aug 31, 2022 | Jul 30, 2022 | May 31, 2022 | Apr 30, 2022 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash and cash equivalents | US$ in thousands | 9,470 | 7,027 | 18,421 | 7,657 | 7,604 | 7,604 | 7,879 | 7,879 | 7,790 | 7,790 | 9,712 | 9,712 | 8,826 | 8,826 | 14,976 | 14,976 | 31,269 | 31,269 | 31,799 | 31,799 |
Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | 0 | — | 0 | — | 0 | 0 | 0 | — | 154,754 | 154,754 | 134,327 | 134,327 |
Total current liabilities | US$ in thousands | 248,275 | 216,587 | 226,924 | 225,585 | 240,644 | 240,644 | 212,512 | 212,512 | 232,561 | 232,561 | 242,046 | 242,046 | 269,639 | 269,639 | 230,395 | 230,395 | 222,640 | 222,640 | 226,417 | 226,417 |
Cash ratio | 0.04 | 0.03 | 0.08 | 0.03 | 0.03 | 0.03 | 0.04 | 0.04 | 0.03 | 0.03 | 0.04 | 0.04 | 0.03 | 0.03 | 0.07 | 0.07 | 0.84 | 0.84 | 0.73 | 0.73 |
February 28, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($9,470K
+ $—K)
÷ $248,275K
= 0.04
The cash ratio of Oxford Industries Inc has shown fluctuation over the reported period. The cash ratio measures the company's ability to cover its short-term liabilities using its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations.
From April 30, 2022, to August 31, 2023, the cash ratio remained relatively stable, ranging between 0.73 and 0.84. This suggests that Oxford Industries Inc had a consistent level of cash and cash equivalents relative to its current liabilities during this period.
However, there was a significant drop in the cash ratio from October 29, 2022, to November 30, 2024, where the ratio decreased to as low as 0.03, indicating a potential liquidity challenge for the company during those months.
The cash ratio improved slightly in the later periods, with a slight increase to 0.08 on August 31, 2024, before declining back to 0.03 on November 30, 2024. The ratio remained relatively low, indicating that Oxford Industries Inc may have faced liquidity constraints during these months.
Overall, the cash ratio fluctuated significantly over the period, indicating varying levels of liquidity for Oxford Industries Inc. It is important for the company to maintain an adequate level of cash and cash equivalents to ensure it can meet its short-term obligations efficiently.
Peer comparison
Feb 28, 2025