Ross Stores Inc (ROST)
Cash ratio
| Jan 31, 2025 | Nov 2, 2024 | Aug 3, 2024 | May 4, 2024 | Feb 3, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 4,730,740 | 4,349,260 | 4,668,140 | 4,668,980 | 4,886,940 | 4,499,500 | 4,499,500 | 4,583,610 | 4,416,480 | 4,551,880 | 3,906,490 | 3,903,670 | 4,015,570 | 4,922,360 | 5,259,600 | 5,569,070 | 5,367,010 | 4,819,290 | 4,416,120 | 3,793,040 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 7 | — | — |
| Total current liabilities | US$ in thousands | 4,661,820 | 4,843,700 | 4,874,240 | 4,885,550 | 4,185,800 | 4,405,690 | 4,405,690 | 3,969,640 | 3,781,170 | 3,636,250 | 3,464,230 | 3,644,980 | 3,756,060 | 4,214,930 | 4,476,310 | 4,336,190 | 4,318,400 | 3,967,030 | 3,941,630 | 3,153,070 |
| Cash ratio | 1.01 | 0.90 | 0.96 | 0.96 | 1.17 | 1.02 | 1.02 | 1.15 | 1.17 | 1.25 | 1.13 | 1.07 | 1.07 | 1.17 | 1.17 | 1.28 | 1.24 | 1.21 | 1.12 | 1.20 |
January 31, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($4,730,740K
+ $—K)
÷ $4,661,820K
= 1.01
The cash ratio of Ross Stores Inc has fluctuated over the past few years based on the data provided. The cash ratio represents the company's ability to cover its short-term liabilities with its cash and cash equivalents.
From the data, we can see that the cash ratio ranged from a high of 1.28 on July 31, 2021, to a low of 0.90 on November 2, 2024. A ratio of 1 or higher is generally considered healthy as it indicates that the company has enough liquid assets to cover its short-term obligations.
It is important to note that a declining trend in the cash ratio, such as the decrease from 1.25 on January 28, 2023, to 0.90 on November 2, 2024, may raise concerns about the company's liquidity position. A lower cash ratio may indicate that the company is becoming less capable of meeting its short-term obligations solely with its cash reserves.
Analyzing the cash ratio trend over time can provide valuable insights into the company's financial health and liquidity management. It is advisable for stakeholders to closely monitor these ratios to assess the company's ability to manage its short-term financial commitments effectively.
Peer comparison
Jan 31, 2025