PVH Corp (PVH)

Current 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
Total current assets	US$ in thousands	3,259,700	3,347,100	3,414,100	3,353,200	3,580,400	3,654,700	3,584,400	3,365,000	3,653,700	3,858,900	3,754,300	3,483,000	3,943,700	3,967,900	3,846,800	3,188,300	3,394,200	3,582,100	3,398,600	3,253,400
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
Current ratio		1.18	1.18	1.09	1.40	1.29	1.35	1.35	1.39	1.31	1.45	1.48	1.46	1.53	1.55	1.52	1.37	1.44	1.40	1.40	1.47

February 4, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $3,259,700K ÷ $2,771,500K
= 1.18

The current ratio of PVH Corp has shown some fluctuations over the past few periods. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A higher current ratio indicates a stronger position to cover current liabilities.

PVH Corp's current ratio ranged from 1.09 to 1.55 over the last 21 reporting periods. The current ratio was relatively stable, staying mostly between 1.30 and 1.50, indicating a consistent ability to cover short-term obligations. However, there were slight deviations from this range in some periods.

Notable changes in the current ratio occurred in Jul 30, 2023 (1.09) and Jan 31, 2021 (1.53), where the company's ability to cover short-term obligations decreased and increased significantly, respectively. These fluctuations could be attributed to changes in the company's current assets and liabilities during those periods.

Overall, PVH Corp's current ratio has generally remained healthy, staying above 1.00, which indicates that the company has sufficient current assets to cover its short-term liabilities. Investors and creditors may view this positively as it suggests a lower risk of financial distress due to short-term liquidity issues.