Urban Outfitters Inc (URBN)

Cash ratio

		Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020	Oct 31, 2019	Jul 31, 2019	Apr 30, 2019
Cash and cash equivalents	US$ in thousands	178,321	206,237	224,744	171,655	201,260	147,431	91,665	71,640	206,575	236,354	464,811	364,247	395,635	624,945	662,860	588,740	221,839	167,070	162,018	291,199
Short-term investments	US$ in thousands	286,744	249,176	250,832	209,777	181,378	146,364	160,020	187,563	239,420	188,375	156,982	164,430	174,695	2	501	65,121	211,453	170,697	171,398	229,163
Total current liabilities	US$ in thousands	994,205	1,048,920	957,476	927,676	890,374	1,008,440	966,885	920,155	981,473	1,049,000	946,365	891,600	906,132	946,898	771,216	883,577	638,770	711,052	626,133	648,179
Cash ratio		0.47	0.43	0.50	0.41	0.43	0.29	0.26	0.28	0.45	0.40	0.66	0.59	0.63	0.66	0.86	0.74	0.68	0.48	0.53	0.80

January 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($178,321K + $286,744K) ÷ $994,205K
= 0.47

The cash ratio of Urban Outfitters Inc fluctuated over the past few years, indicating varying liquidity levels. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents.

The trend in the cash ratio shows some inconsistency, with peaks observed in July 2020 and July 2021, at 0.86 and 0.66 respectively, indicating a strong ability to meet short-term obligations during those periods. However, there were also lower ratios seen in October 2022 and January 2020, at 0.26 and 0.48 respectively, suggesting a potential challenge in meeting short-term obligations with cash alone during those times.

Overall, the cash ratio of Urban Outfitters Inc has varied significantly, and it is essential to consider other liquidity ratios and factors to gain a more comprehensive understanding of the company's liquidity position.