PVH Corp (PVH)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 793,300 | 1,045,400 | 889,200 | 911,400 | 923,700 | 979,500 | 804,600 | 831,100 | 745,200 | 906,800 | 824,100 | 852,700 | 641,500 | 799,200 | 568,800 | 545,600 | 741,400 | 972,700 | 781,000 | 851,600 |
| 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 |
| Quick ratio | 0.54 | 0.49 | 0.40 | 0.54 | 0.53 | 0.53 | 0.57 | 0.65 | 0.71 | 0.83 | 0.78 | 0.74 | 0.89 | 0.88 | 0.78 | 0.58 | 0.53 | 0.60 | 0.50 | 0.61 |
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 has shown some fluctuations over the past several periods.
In general, the quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A higher quick ratio indicates a better ability to cover short-term liabilities.
Looking at the data provided, we observe that PVH Corp's quick ratio ranged from 0.40 to 0.89 over the past few periods.
There was a notable decrease in the quick ratio from 0.83 in Jan 30, 2022, to 0.54 in Apr 30, 2023. This could raise concerns about the company's short-term liquidity position during that period.
However, the quick ratio improved to 0.89 in Jan 31, 2021, indicating a stronger ability to cover short-term obligations with liquid assets.
It is essential to monitor the trend of the quick ratio over time to assess the company's liquidity position and its ability to meet its short-term financial commitments.
Peer comparison
Feb 4, 2024