Ross Stores Inc (ROST)
Quick 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 | 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 | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | 171,915 | 175,410 | 170,816 | 145,694 | 168,483 | 167,503 | — | 119,247 | 158,765 | — | — | 115,067 | — | — |
| 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 |
| Quick ratio | 1.01 | 0.90 | 0.96 | 0.96 | 1.17 | 1.02 | 1.06 | 1.20 | 1.21 | 1.29 | 1.18 | 1.12 | 1.07 | 1.20 | 1.21 | 1.28 | 1.24 | 1.24 | 1.12 | 1.20 |
January 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($4,730,740K
+ $—K
+ $—K)
÷ $4,661,820K
= 1.01
The quick ratio of Ross Stores Inc has fluctuated over the past few years, indicating varying levels of liquidity and ability to meet short-term obligations. The quick ratio, which measures the company's ability to cover immediate liabilities with its most liquid assets, stood at 1.20 as of August 1, 2020. It then dipped slightly to 1.12 by October 31, 2020, before rebounding to 1.24 as of January 30, 2021.
Subsequently, the quick ratio remained relatively stable around 1.2 to 1.3 for the following quarters; however, there was a noticeable decline to 1.07 by April 30, 2022. This decrease may suggest potential challenges in meeting short-term obligations with immediate assets during that period.
The quick ratio recovered slightly to 1.12 by July 30, 2022, but continued to show fluctuations over the next few quarters. By November 2, 2024, the quick ratio dropped to 0.90, indicating a potential liquidity strain. However, it improved to 1.01 as of January 31, 2025.
Overall, the quick ratio of Ross Stores Inc has exhibited both strengths and weaknesses in its liquidity position, with fluctuations over time. It is important for the company to closely monitor its quick ratio to ensure sufficient liquidity to cover short-term obligations effectively.
Peer comparison
Jan 31, 2025