PVH Corp (PVH)

Cash ratio

Feb 4, 2024 Jan 29, 2023 Jan 30, 2022 Jan 31, 2021 Feb 2, 2020
Cash and cash equivalents US$ in thousands 707,600 550,700 1,242,500 1,651,400 503,400
Short-term investments US$ in thousands — — — — —
Total current liabilities US$ in thousands 2,771,500 2,767,500 2,787,500 2,582,400 2,361,100
Cash ratio 0.26 0.20 0.45 0.64 0.21

February 4, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($707,600K + $—K) ÷ $2,771,500K
= 0.26

The cash ratio of PVH Corp has varied over the past five years. In the most recent fiscal year, as of February 4, 2024, the cash ratio was 0.26, indicating that the company had $0.26 in cash and cash equivalents for every $1 of current liabilities. This represents a moderate level of liquidity.

Compared to the previous years, the cash ratio has fluctuated. In the fiscal year ending January 29, 2023, the ratio was 0.20, suggesting slightly lower liquidity compared to the most recent year. However, in the fiscal year ending January 30, 2022, the cash ratio improved significantly to 0.45, indicating a higher level of liquidity with $0.45 in cash for every $1 of current liabilities.

Looking back further, the cash ratio was notably higher in the fiscal year ending January 31, 2021, at 0.64, demonstrating a strong liquidity position for the company with $0.64 in cash for each $1 of current liabilities. In contrast, the cash ratio was lower in the fiscal year ending February 2, 2020, at 0.21, indicating relatively lower liquidity compared to the other years analyzed.

Overall, the trend in PVH Corp's cash ratio shows some variability, with fluctuations in liquidity levels over the past five years. Investors and analysts may consider monitoring this ratio closely to assess the company's ability to meet its short-term obligations with its current cash and cash equivalents.