The Cash Ratio measures a company’s ability to meet its short-term obligations with cash and near-cash resources. It is calculated as a company's Cash, Cash Equivalents, Marketable Securities divides by its Total Current Liabilities. Ollie's Bargain Outlet Holdings's Cash Ratio for the quarter that ended in Jan. 2023 was 1.04.
Ollie's Bargain Outlet Holdings has a Cash Ratio of 1.04. It generally indicates that the company is able to cover all short-term debt and still have cash remaining.
The historical rank and industry rank for Ollie's Bargain Outlet Holdings's Cash Ratio or its related term are showing as below:
OLLI'
s Cash Ratio Range Over the Past 10 Years
Min: 0.16 Med: 0.43 Max: 1.58
Current: 1.04
During the past 10 years, Ollie's Bargain Outlet Holdings's highest Cash Ratio was 1.58. The lowest was 0.16. And the median was 0.43.
OLLI's Cash Ratio is ranked better than 80.07% of 296
companies
in the Retail - Defensive industry
Industry Median: 0.27
vs OLLI: 1.04
Ollie's Bargain Outlet Holdings Cash Ratio Historical Data
The historical data trend for Ollie's Bargain Outlet Holdings's Cash Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
Ollie's Bargain Outlet Holdings Annual Data
Trend
Jan14
Jan15
Jan16
Jan17
Jan18
Jan19
Jan20
Jan21
Jan22
Jan23
Cash Ratio
0.34
0.51
1.58
0.94
1.04
Ollie's Bargain Outlet Holdings Quarterly Data
Apr18
Jul18
Oct18
Jan19
Apr19
Jul19
Oct19
Jan20
Apr20
Jul20
Oct20
Jan21
Apr21
Jul21
Oct21
Jan22
Apr22
Jul22
Oct22
Jan23
Cash Ratio
0.94
0.80
0.86
0.72
1.04
Competitive Comparison
For the Discount Stores subindustry, Ollie's Bargain Outlet Holdings's Cash Ratio, along with its competitors' market caps and Cash Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Ollie's Bargain Outlet Holdings Cash Ratio Distribution
For the Retail - Defensive industry and Consumer Defensive sector, Ollie's Bargain Outlet Holdings's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Ollie's Bargain Outlet Holdings's Cash Ratio falls in comparison to its industry or sector. The grey bar indicates the Cash Ratio's extreme value range as defined by GuruFocus.
Ollie's Bargain Outlet Holdings Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Ollie's Bargain Outlet Holdings's Cash Ratio for the fiscal year that ended in Jan. 2023 is calculated as:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Ollie's Bargain Outlet Holdings (NAS:OLLI) Cash Ratio Explanation
The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.
The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.
In general, the higher the cash ratio, the better the company's liquidity position.
Ollie's Bargain Outlet Holdings Cash Ratio Related Terms
Thank you for viewing the detailed overview of Ollie's Bargain Outlet Holdings's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Ollie's Bargain Outlet Holdings (NAS:OLLI) Business Description
Ollie's Bargain Outlet Holdings Inc is a retailer of brand name merchandise at drastically reduced prices. It offers customers a selection of brand name products, including housewares, food, books and stationery, bed and bath, floor coverings, toys, and hardware. It operates stores across the Eastern half of the United States. Its differentiated go-to-market strategy is characterized by a unique, fun and engaging treasure hunt shopping experience, compelling customer value proposition and witty, humorous in-store signage and advertising campaigns. These attributes have driven rapid growth and strong and consistent store performance for the company.
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