Signet Jewelers Ltd (SIG)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 18,800 | 20,000 | 26,300 | 65,200 | 24,100 | 251,800 | 154,100 | 161,800 | 43,100 | 134,700 | 68,800 | 137,300 | 140,400 | 169,400 | 282,800 | 29,800 | 38,800 | 20,800 | 21,800 | 23,100 |
| 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 |
| Quick ratio | 0.71 | 0.35 | 0.39 | 0.41 | 0.53 | 0.28 | 0.52 | 0.51 | 0.71 | 0.84 | 0.89 | 0.76 | 0.66 | 0.87 | 0.99 | 0.65 | 0.25 | 0.15 | 0.22 | 0.16 |
February 3, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,378,700K
+ $—K
+ $18,800K)
÷ $1,976,000K
= 0.71
The quick ratio of Signet Jewelers Ltd has fluctuated over the past several periods, ranging from a low of 0.15 to a high of 0.99. This ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
The quick ratio was relatively stable around the 0.5 to 0.7 range in recent periods, indicating that Signet Jewelers had sufficient liquid assets to cover its current liabilities. However, there were instances where the quick ratio dropped significantly, such as in October 2020 and February 2020, signaling potential liquidity challenges during those periods.
Overall, the trend in the quick ratio suggests that Signet Jewelers' liquidity position has been somewhat volatile, potentially reflecting fluctuations in its operating cash flows and working capital management. It would be important to further investigate the factors contributing to these fluctuations to assess the company's overall financial health and liquidity management.