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.
Peer comparison
Feb 4, 2024