Oxford Industries Inc (OXM)
Cash 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 and cash equivalents | US$ in thousands | 7,604 | 7,879 | 7,790 | 9,712 | 8,826 | 14,976 | 31,269 | 31,799 | 44,859 | 37,976 | 180,389 | 92,086 | 66,013 | 53,071 | 97,089 | 181,775 | 52,460 | 21,568 | 30,756 | 5,501 |
| Short-term investments | US$ in thousands | — | — | — | — | 0 | — | 154,754 | 134,327 | 164,890 | 150,036 | — | — | 0 | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 240,644 | 212,512 | 232,561 | 242,046 | 269,639 | 230,395 | 222,640 | 226,417 | 226,166 | 207,172 | 220,184 | 225,090 | 196,252 | 176,389 | 173,701 | 153,127 | 177,779 | 164,118 | 164,119 | 166,301 |
| Cash ratio | 0.03 | 0.04 | 0.03 | 0.04 | 0.03 | 0.07 | 0.84 | 0.73 | 0.93 | 0.91 | 0.82 | 0.41 | 0.34 | 0.30 | 0.56 | 1.19 | 0.30 | 0.13 | 0.19 | 0.03 |
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 for Oxford Industries Inc has varied significantly over the past several periods. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents.
In the most recent period, the cash ratio was 0.03, indicating that the company had $0.03 in cash and cash equivalents for every $1 of current liabilities. This low ratio suggests that Oxford Industries Inc may have limited liquidity and may struggle to meet its short-term obligations using its available cash reserves alone.
Looking at historical trends, there have been fluctuations in the cash ratio, with some periods showing higher ratios such as 0.93, 0.84, and 0.73, indicating better liquidity positions during those times. However, there were also periods with lower ratios, like 0.03 and 0.13, which could suggest potential cash flow challenges.
Overall, it is important for Oxford Industries Inc to carefully manage its cash position to ensure it can meet its financial obligations and navigate any potential cash flow pressures in the future.
Peer comparison
Feb 3, 2024