PVH Corp (PVH)

Cash ratio

Feb 28, 2025 Nov 30, 2024 Aug 31, 2024 May 31, 2024 Feb 29, 2024 Feb 4, 2024 Nov 30, 2023 Oct 29, 2023 Aug 31, 2023 Jul 30, 2023 May 31, 2023 Apr 30, 2023 Feb 28, 2023 Jan 29, 2023 Nov 30, 2022 Oct 30, 2022 Aug 31, 2022 Jul 31, 2022 May 31, 2022 May 1, 2022
Cash and cash equivalents US$ in thousands 748,000 559,600 610,000 376,200 707,600 707,600 357,600 357,600 372,800 372,800 373,800 373,800 550,700 550,700 457,000 457,000 699,300 699,300 748,700 748,700
Short-term investments US$ in thousands — — — — — — — — — — — — 700 — — — — — — —
Total current liabilities US$ in thousands 2,741,800 2,694,700 2,760,100 1,877,400 2,771,500 2,771,500 2,845,500 2,845,500 3,123,600 3,123,600 2,396,200 2,396,200 2,767,500 2,767,500 2,705,500 2,705,500 2,656,500 2,656,500 2,428,700 2,428,700
Cash ratio 0.27 0.21 0.22 0.20 0.26 0.26 0.13 0.13 0.12 0.12 0.16 0.16 0.20 0.20 0.17 0.17 0.26 0.26 0.31 0.31

February 28, 2025 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($748,000K + $—K) ÷ $2,741,800K
= 0.27

The cash ratio of PVH Corp, a measure of its ability to cover its short-term liabilities with its cash and cash equivalents, has fluctuated over the reported periods. The ratio, which stood at 0.31 on May 1, 2022, and May 31, 2022, decreased to 0.26 by July 31, 2022, and continued at the same level through August 31, 2022. Subsequently, there was a notable drop in the ratio to 0.17 by October 30, 2022, which was maintained through November 30, 2022.

After a slight improvement to 0.20 by January 29, 2023, and February 28, 2023, the ratio declined again to 0.16 by April 30, 2023, and remained at the same level by May 31, 2023. There was a further decrease to 0.12 by July 30, 2023, and August 31, 2023, before a slight uptick to 0.13 by October 29, 2023, and November 30, 2023.

A significant increase in the cash ratio was witnessed on February 4, 2024, and February 29, 2024, when the ratio jumped to 0.26. However, this was followed by a slight decline to 0.20 by May 31, 2024. The ratio increased marginally to 0.22 by August 31, 2024, before dropping slightly to 0.21 by November 30, 2024. The most recent data point shows an increase to 0.27 on February 28, 2025.

Overall, the cash ratio of PVH Corp has demonstrated fluctuations during the reporting periods, suggesting varying levels of liquidity to cover short-term obligations with cash and cash equivalents. It is essential for stakeholders to monitor this ratio to assess the company's liquidity position and ability to meet its short-term obligations.