Urban Outfitters Inc (URBN)

Quick 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	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
Receivables	US$ in thousands	67,008	77,399	79,118	105,589	70,339	81,422	97,374	97,058	63,760	114,208	94,402	85,307	89,952	87,187	60,441	55,910	88,288	99,971	95,131	88,390
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
Quick ratio		0.54	0.51	0.58	0.52	0.51	0.37	0.36	0.39	0.52	0.51	0.76	0.69	0.73	0.75	0.94	0.80	0.82	0.62	0.68	0.94

January 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($178,321K + $286,744K + $67,008K) ÷ $994,205K
= 0.54

The quick ratio of Urban Outfitters Inc has shown some fluctuation over the past few years, ranging from a low of 0.36 to a high of 0.94. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets, excluding inventory. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities.

Looking at the trend, we can see that the quick ratio has generally been above 0.5, which indicates that Urban Outfitters Inc has had a sufficient level of liquid assets to cover its short-term liabilities. However, there have been periods where the quick ratio dipped below 0.5, which may raise concerns about the company's liquidity position during those times.

Overall, it is important for investors and stakeholders to monitor the quick ratio of Urban Outfitters Inc closely to assess the company's short-term liquidity and ability to meet its financial obligations.