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.