Signet Jewelers Ltd (SIG)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 14,300 | 70,700 | 9,200 | 9,300 | 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 |
| 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 |
| Quick ratio | 0.34 | 0.14 | 0.27 | 0.42 | 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 |
February 1, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($604,000K
+ $—K
+ $14,300K)
÷ $1,831,500K
= 0.34
The quick ratio of Signet Jewelers Ltd has exhibited fluctuations over the past few years, ranging from a low of 0.14 to a high of 0.99. The quick ratio measures the company's ability to meet its short-term liabilities with its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty in meeting its short-term obligations using only its quick assets.
In the most recent period, as of February 1, 2025, the quick ratio stood at 0.34, suggesting that the company's liquidity position may be somewhat constrained. However, it is important to note that a single ratio may not provide a comprehensive view of the company's financial health, and it should be considered alongside other financial metrics and qualitative factors for a more holistic analysis.
The fluctuating trend in the quick ratio of Signet Jewelers Ltd underscores the importance of closely monitoring the company's liquidity position and taking appropriate measures to ensure adequate liquidity to meet its obligations.