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.
Peer comparison
Feb 4, 2024