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