VF Corporation (VFC)
Cash ratio
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 674,605 | 988,006 | 498,912 | 806,529 | 814,887 | 571,347 | 552,811 | 528,029 | 1,275,940 | 1,333,840 | 1,360,140 | 1,274,930 | 815,750 | 3,254,240 | 1,877,400 | 2,145,110 | 1,369,030 | 540,029 | 469,912 | 560,882 |
| Short-term investments | US$ in thousands | — | 1,737 | — | — | — | — | — | 0 | 0 | 0 | 0 | 598,806 | 598,806 | 599,403 | 800,000 | 700,000 | 0 | 0 | 0 | 0 |
| Total current liabilities | US$ in thousands | 3,456,980 | 3,997,280 | 3,544,830 | 3,816,440 | 3,545,770 | 4,546,230 | 5,345,990 | 3,464,000 | 3,315,400 | 3,223,880 | 3,384,360 | 3,071,450 | 2,210,480 | 2,498,020 | 2,084,530 | 1,715,460 | 3,023,880 | 1,962,090 | 2,404,340 | 1,947,140 |
| Cash ratio | 0.20 | 0.25 | 0.14 | 0.21 | 0.23 | 0.13 | 0.10 | 0.15 | 0.38 | 0.41 | 0.40 | 0.61 | 0.64 | 1.54 | 1.28 | 1.66 | 0.45 | 0.28 | 0.20 | 0.29 |
March 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($674,605K
+ $—K)
÷ $3,456,980K
= 0.20
The cash ratio of VF Corporation has fluctuated over the past few quarters, ranging from 0.10 to 1.66. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to cover current debts.
In the most recent quarter, the cash ratio was 0.20, which suggests that VF Corporation had $0.20 in cash and cash equivalents for every $1 of current liabilities. This ratio has decreased compared to the prior quarter, indicating a potential decrease in liquidity or an increase in short-term liabilities.
Looking back at previous quarters, the cash ratio has shown some variability, reaching as high as 1.66 in June 2020 and as low as 0.10 in September 2022. This fluctuation may be influenced by changes in cash holdings, short-term debt levels, or overall business operations.
Overall, a trend analysis of VF Corporation's cash ratio indicates some volatility in the company's liquidity position, which may be worth further investigation to understand the underlying factors driving these fluctuations and their implications for the company's financial health.
Peer comparison
Mar 31, 2024