PVH Corp (PVH)

Quick ratio

Feb 4, 2024 Jan 29, 2023 Jan 30, 2022 Jan 31, 2021 Feb 2, 2020
Cash US$ in thousands 707,600 550,700 1,242,500 1,651,400 503,400
Short-term investments US$ in thousands — — — — —
Receivables US$ in thousands 793,300 923,700 745,200 641,500 741,400
Total current liabilities US$ in thousands 2,771,500 2,767,500 2,787,500 2,582,400 2,361,100
Quick ratio 0.54 0.53 0.71 0.89 0.53

February 4, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($707,600K + $—K + $793,300K) ÷ $2,771,500K
= 0.54

The quick ratio of PVH Corp over the past five years has exhibited fluctuations. The quick ratio indicates the company's ability to meet its short-term obligations with its most liquid assets. In 2024, the quick ratio was 0.54, showing a slight increase from the previous year but a substantial decline compared to 2022 and 2021. The ratio of 0.54 implies that for every dollar of current liabilities, PVH Corp has $0.54 of quick assets readily available to cover these obligations. The downward trend in the quick ratio over the period suggests a potential deterioration in the company's liquidity position. Investors, creditors, and analysts may find these fluctuations important when assessing PVH Corp's short-term financial health.