Signet Jewelers Ltd (SIG)
Cash ratio
| Feb 1, 2025 | Nov 2, 2024 | Aug 3, 2024 | May 4, 2024 | Feb 3, 2024 | 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 | May 2, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 604,000 | 157,700 | 403,100 | 729,300 | 1,378,700 | 643,800 | 690,200 | 655,900 | 1,166,800 | 327,300 | 851,700 | 927,600 | 1,418,300 | 1,516,900 | 1,573,800 | 1,298,400 | 1,172,500 | 1,332,600 | 1,204,000 | 1,066,600 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,831,500 | 1,634,200 | 1,527,000 | 1,748,100 | 1,976,000 | 1,871,100 | 1,852,300 | 1,775,500 | 2,248,100 | 2,047,500 | 1,920,100 | 2,139,800 | 2,070,700 | 1,971,800 | 1,840,500 | 1,897,500 | 1,998,700 | 1,731,500 | 1,499,400 | 1,676,700 |
| Cash ratio | 0.33 | 0.10 | 0.26 | 0.42 | 0.70 | 0.34 | 0.37 | 0.37 | 0.52 | 0.16 | 0.44 | 0.43 | 0.68 | 0.77 | 0.86 | 0.68 | 0.59 | 0.77 | 0.80 | 0.64 |
February 1, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($604,000K
+ $—K)
÷ $1,831,500K
= 0.33
The cash ratio of Signet Jewelers Ltd has fluctuated over the reported periods. The cash ratio, which measures a company's ability to cover its short-term liabilities with its cash and cash equivalents, ranged from a low of 0.10 on November 2, 2024, to a high of 0.86 on July 31, 2021.
The company's cash ratio reached its peak at 0.86 on July 31, 2021, indicating that Signet Jewelers had a relatively strong ability to cover its short-term obligations with its available cash and cash equivalents at that time. However, the ratio declined thereafter, touching a low of 0.10 on November 2, 2024, suggesting a temporary strain on the company's liquidity position.
Overall, the trend of the cash ratio shows some volatility, with fluctuations in the company's cash reserves relative to its short-term liabilities. It is essential for investors and stakeholders to monitor these changes to assess Signet Jewelers' liquidity management and financial health effectively.