PVH Corp (PVH)

Cash ratio

Feb 4, 2024 Oct 29, 2023 Jul 30, 2023 Apr 30, 2023 Jan 29, 2023 Oct 30, 2022 Jul 31, 2022 May 1, 2022 Jan 30, 2022 Oct 31, 2021 Aug 1, 2021 May 2, 2021 Jan 31, 2021 Nov 1, 2020 Aug 2, 2020 May 3, 2020 Feb 2, 2020 Nov 3, 2019 Aug 4, 2019 May 5, 2019
Cash and cash equivalents US$ in thousands 707,600 357,600 372,800 373,800 550,700 457,000 699,300 748,700 1,242,500 1,298,700 1,152,600 913,200 1,651,400 1,460,000 1,394,300 800,700 503,400 555,200 433,500 494,300
Short-term investments US$ in thousands — — — — — — — — — — — — — — — — — — — —
Total current liabilities US$ in thousands 2,771,500 2,845,500 3,123,600 2,396,200 2,767,500 2,705,500 2,656,500 2,428,700 2,787,500 2,659,300 2,531,400 2,388,500 2,582,400 2,567,900 2,526,100 2,321,600 2,361,100 2,552,700 2,427,700 2,206,600
Cash ratio 0.26 0.13 0.12 0.16 0.20 0.17 0.26 0.31 0.45 0.49 0.46 0.38 0.64 0.57 0.55 0.34 0.21 0.22 0.18 0.22

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 fluctuated over the past few quarters. The company's cash ratio, which measures its ability to cover short-term liabilities with cash and cash equivalents, was 0.26 as of February 4, 2024. This indicates that for every dollar of current liabilities, the company had $0.26 in cash and cash equivalents available to cover these obligations.

Looking at the trend, the cash ratio has varied between 0.12 and 0.64 over the past few quarters, with some fluctuations. In general, a higher cash ratio signifies a stronger ability to cover short-term obligations. PVH Corp's cash ratio has been above 0.20 in most periods, indicating a relatively healthy liquidity position.

It is worth noting that the cash ratio reached its highest point of 0.64 on January 31, 2021, and its lowest point of 0.12 on July 30, 2023. This suggests that the company may have experienced fluctuations in its cash holdings and short-term liabilities over this period.

Overall, PVH Corp's cash ratio provides insights into its liquidity position and ability to meet short-term financial obligations with available cash resources.