Urban Outfitters Inc (URBN)

Current 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
Total current assets	US$ in thousands	1,282,500	1,489,050	1,365,460	1,301,240	1,237,720	1,345,080	1,267,430	1,208,120	1,285,750	1,369,250	1,395,410	1,281,030	1,223,330	1,371,560	1,270,970	1,176,930	1,053,400	1,113,010	1,000,400	1,139,300
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
Current ratio		1.29	1.42	1.43	1.40	1.39	1.33	1.31	1.31	1.31	1.31	1.47	1.44	1.35	1.45	1.65	1.33	1.65	1.57	1.60	1.76

January 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,282,500K ÷ $994,205K
= 1.29

The current ratio of Urban Outfitters Inc has shown some fluctuation over the past several quarters ranging from 1.29 to 1.76. The current ratio measures the company's ability to cover its short-term obligations with its current assets. A higher current ratio is generally considered better as it indicates the company has more current assets than current liabilities.

From the data provided, we can observe that the current ratio has been relatively stable around the range of 1.30 to 1.50 in recent quarters, with some variability. The current ratio was at its lowest in January 2024 at 1.29, which may raise some concerns about the company's ability to cover its short-term liabilities. However, it improved in subsequent quarters, reaching 1.76 in April 2019, which signifies a strong ability to meet short-term obligations.

Overall, the trend in Urban Outfitters Inc's current ratio suggests that the company has generally maintained a healthy liquidity position, with some fluctuations. It is important for investors and analysts to closely monitor changes in the current ratio to assess the company's short-term solvency and liquidity position.