Signet Jewelers Ltd (SIG)
Cash ratio
| 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 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 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 | 374,500 | 188,600 | 271,500 | 195,100 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 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 | 1,652,600 | 1,383,100 | 1,311,600 | 1,362,200 |
| Cash ratio | 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 | 0.23 | 0.14 | 0.21 | 0.14 |
February 3, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,378,700K
+ $—K)
÷ $1,976,000K
= 0.70
Signet Jewelers Ltd's cash ratio has shown fluctuating trends over the past few years. The cash ratio measures a company's ability to cover its short-term liabilities with its available cash and cash equivalents. A higher cash ratio indicates a greater ability to cover short-term obligations.
Looking at the data provided, Signet Jewelers Ltd's cash ratio ranged from a low of 0.16 in October 2022 to a high of 0.86 in July 2021. The company's cash ratio was below 0.5 for most of the recent periods, indicating a relatively lower level of cash reserves compared to its short-term liabilities.
Of particular note is the significant increase in the cash ratio from 0.16 in October 2022 to 0.44 in July 2022, suggesting an improvement in the company's liquidity position during that period. However, the cash ratio decreased again in subsequent periods.
Overall, Signet Jewelers Ltd's cash ratio has been volatile, and investors and analysts may want to further investigate the company's liquidity management and financial health to assess its ability to meet short-term obligations.