Ralph Lauren Corp Class A (RL)
Cash ratio
Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
---|---|---|---|---|---|---|
Cash and cash equivalents | US$ in thousands | 1,662,200 | 1,529,300 | 1,863,800 | 2,579,000 | 1,620,400 |
Short-term investments | US$ in thousands | 121,000 | 36,400 | 734,600 | 197,500 | 495,900 |
Total current liabilities | US$ in thousands | 1,467,200 | 1,493,500 | 2,255,700 | 1,584,800 | 2,092,000 |
Cash ratio | 1.22 | 1.05 | 1.15 | 1.75 | 1.01 |
March 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,662,200K
+ $121,000K)
÷ $1,467,200K
= 1.22
The cash ratio of Ralph Lauren Corp Class A has fluctuated over the past five years, ranging from a low of 1.01 in 2020 to a high of 1.75 in 2021. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher ratio indicates a stronger ability to meet short-term obligations.
In 2024, the cash ratio of Ralph Lauren Corp Class A stands at 1.22, showing an improvement from the previous year. This implies that the company has slightly increased its liquidity position compared to the prior year, indicating a better ability to cover its short-term financial obligations with its available cash resources.
Overall, the trend in Ralph Lauren Corp Class A's cash ratio suggests that the company has been managing its liquidity well in recent years, maintaining a solid ability to meet its short-term obligations with its cash holdings. However, it's essential to consider additional financial metrics and factors when evaluating the overall financial health and performance of the company.
Peer comparison
Mar 31, 2024