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.
Peer comparison
Feb 3, 2024