Victoria's Secret & Co (VSCO)
Quick ratio
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 270,000 | 124,000 | 131,000 | 132,000 | 427,000 | 126,000 | 201,000 | 204,000 | 490,000 | 331,000 | 293,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 152,000 | 139,000 | 140,000 | 126,000 | 141,000 | 184,000 | 149,000 | 152,000 | 162,000 | 145,000 | 99,000 |
| Total current liabilities | US$ in thousands | 1,614,000 | 1,368,000 | 1,407,000 | 1,369,000 | 1,579,000 | 1,332,000 | 1,445,000 | 1,451,000 | 1,698,000 | 1,598,000 | 1,435,000 |
| Quick ratio | 0.26 | 0.19 | 0.19 | 0.19 | 0.36 | 0.23 | 0.24 | 0.25 | 0.38 | 0.30 | 0.27 |
February 3, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($270,000K
+ $—K
+ $152,000K)
÷ $1,614,000K
= 0.26
The quick ratio of Victoria's Secret & Co fluctuated over the past 11 reported periods. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities.
The quick ratio was particularly low in October 2023, July 2023, and April 2023 at 0.19, suggesting a potential liquidity concern during those periods. However, the quick ratio improved in January 2023 to 0.36, indicating a better ability to cover short-term liabilities with liquid assets.
Overall, the quick ratio has shown variability, with values ranging from 0.19 to 0.38. Investors and stakeholders may monitor the trend of the quick ratio to assess Victoria's Secret & Co's liquidity position and ability to meet its financial obligations in the short term.
Peer comparison
Feb 3, 2024