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.