Oxford Industries Inc (OXM)
Quick ratio
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 7,604 | 8,826 | 44,859 | 66,013 | 52,460 |
| Short-term investments | US$ in thousands | — | 0 | 164,890 | 0 | — |
| Receivables | US$ in thousands | 82,911 | 63,426 | 54,278 | 48,393 | 58,724 |
| Total current liabilities | US$ in thousands | 240,644 | 269,639 | 226,166 | 196,252 | 177,779 |
| Quick ratio | 0.38 | 0.27 | 1.17 | 0.58 | 0.63 |
February 3, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($7,604K
+ $—K
+ $82,911K)
÷ $240,644K
= 0.38
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. A higher quick ratio indicates a stronger ability to pay off current liabilities.
Based on the data provided, the quick ratio for Oxford Industries Inc has been fluctuating over the past five years. In the most recent fiscal year (Feb 3, 2024), the quick ratio stands at 0.38, which has increased from the previous year's ratio of 0.27. This improvement suggests that the company may have enhanced its liquidity position in the most recent period.
However, when comparing the current ratio to previous years, it is noted that it is significantly lower than the quick ratio in Jan 29, 2022, when the quick ratio was 1.17. The drop in the quick ratio could indicate a potential liquidity concern or a shift in the company's current asset composition.
From an overall perspective, the latest quick ratio of 0.38 may be a cause for further analysis to understand the company's current liquidity position and its ability to meet short-term obligations effectively. It might be advisable for stakeholders to keep a close eye on the company's liquidity management to ensure its financial health and sustainability in the future.
Peer comparison
Feb 3, 2024