Oxford Industries Inc (OXM)

Current ratio

		Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020
Total current assets	US$ in thousands	293,115	330,463	400,335	258,316	288,826
Total current liabilities	US$ in thousands	240,644	269,639	226,166	196,252	177,779
Current ratio		1.22	1.23	1.77	1.32	1.62

February 3, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $293,115K ÷ $240,644K
= 1.22

The current ratio of Oxford Industries Inc has shown fluctuations over the past five years. As of February 3, 2024, the current ratio stands at 1.22, indicating a slight decrease compared to the prior year. Despite this decrease, the company's current assets still exceed its current liabilities, albeit marginally.

Looking back over the last five years, the current ratio has displayed varying levels of liquidity. The ratio was highest in January 29, 2022, at 1.77, reflecting a more favorable liquidity position compared to the other years. On the other hand, the lowest current ratio was observed on January 30, 2021, at 1.32, suggesting relatively lower liquidity at that point in time.

It is important to note that a current ratio above 1 indicates that the company has more current assets than current liabilities, which is generally considered a positive sign of liquidity. However, the ideal current ratio may vary by industry and specific circumstances. In the case of Oxford Industries Inc, while the current ratio has fluctuated, it has generally remained above 1 in the recent years, signifying a generally healthy liquidity position, although the slight decrease in the current ratio in the most recent year may warrant further monitoring to ensure ongoing liquidity management.