Oxford Industries Inc (OXM)

Quick 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 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 — — — — — — —
Receivables US$ in thousands 82,911 79,555 74,984 100,925 63,426 84,237 70,500 94,115 54,278 64,351 66,607 85,488 48,393 39,513 28,920 51,055 58,724 64,593 59,176 85,857
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
Quick ratio 0.38 0.41 0.36 0.46 0.27 0.43 1.15 1.15 1.17 1.22 1.12 0.79 0.58 0.52 0.73 1.52 0.63 0.52 0.55 0.55

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 of Oxford Industries Inc has shown fluctuations over the periods analyzed. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.

The quick ratio has ranged from a low of 0.27 to a high of 1.52 over the periods considered. A quick ratio of less than 1 indicates that the company may have difficulty meeting its short-term obligations, while a ratio of 1 or higher suggests that the firm is able to cover its current liabilities with its quick assets.

The quick ratio peaked at 1.52 in May 2, 2020, indicating a strong ability to cover its short-term obligations with its liquid assets. However, this high ratio was followed by fluctuations, with some periods showing quick ratios below 1, implying a potential strain on the company's short-term liquidity.

Overall, the trend in Oxford Industries Inc's quick ratio suggests that the company has experienced some variability in its ability to meet short-term obligations with its quick assets. Investors and analysts may want to consider other liquidity ratios and financial metrics to gain a more comprehensive understanding of the company's financial health.