VF Corporation (VFC)

Quick ratio

		Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	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
Cash	US$ in thousands	429,382	1,369,380	492,164	637,420	676,826	988,006	500,109	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
Short-term investments	US$ in thousands	—	—	—	1,690	2,335	1,737	—	—	—	—	—	0	0	598,806	0	598,806	598,806	599,403	800,000	700,000
Receivables	US$ in thousands	1,321,660	1,343,290	1,820,200	1,058,760	1,276,360	1,314,140	1,893,070	1,214,220	1,610,300	1,564,960	1,834,600	1,249,710	1,467,840	1,495,860	1,787,330	1,138,810	1,298,020	1,411,560	1,606,480	934,984
Total current liabilities	US$ in thousands	2,697,850	3,226,910	4,982,430	4,408,970	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
Quick ratio		0.65	0.84	0.46	0.39	0.57	0.58	0.68	0.53	0.68	0.47	0.45	0.51	0.83	1.06	0.93	0.98	1.23	2.11	2.06	2.20

March 31, 2025 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($429,382K + $—K + $1,321,660K) ÷ $2,697,850K
= 0.65

The quick ratio of VF Corporation has shown some fluctuations over the past few years. As of the most recent data available, the quick ratio as of June 30, 2024, stood at 0.39, indicating a decrease in the company's ability to meet its short-term obligations with its most liquid assets.

The quick ratio measures the company's ability to cover its current liabilities with its most liquid assets, excluding inventory. A quick ratio above 1 is generally considered healthy, as it suggests the company has enough liquid assets to cover its short-term liabilities.

In the case of VF Corporation, the quick ratio has been trending downwards since March 31, 2023. The decreasing trend may raise concerns about the company's liquidity position and ability to meet its short-term obligations. It is important for the company to closely monitor its liquidity position and take necessary steps to improve its quick ratio to ensure financial stability and solvency.