The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Ollie's Bargain Outlet Holdings's current ratio for the quarter that ended in Jan. 2023 was 2.91.
Ollie's Bargain Outlet Holdings has a current ratio of 2.91. It generally indicates good short-term financial strength.
The historical rank and industry rank for Ollie's Bargain Outlet Holdings's Current Ratio or its related term are showing as below:
OLLI'
s Current Ratio Range Over the Past 10 Years
Min: 2.15 Med: 2.41 Max: 2.98
Current: 2.91
During the past 10 years, Ollie's Bargain Outlet Holdings's highest Current Ratio was 2.98. The lowest was 2.15. And the median was 2.41.
OLLI's Current Ratio is ranked better than 83.66% of 306
companies
in the Retail - Defensive industry
Industry Median: 1.29
vs OLLI: 2.91
Ollie's Bargain Outlet Holdings Current Ratio Historical Data
The historical data trend for Ollie's Bargain Outlet Holdings's Current 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
Current Ratio
2.37
2.44
2.85
2.76
2.91
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
Current Ratio
2.76
2.83
2.85
2.83
2.91
Competitive Comparison
For the Discount Stores subindustry, Ollie's Bargain Outlet Holdings's Current Ratio, along with its competitors' market caps and Current 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 Current Ratio Distribution
For the Retail - Defensive industry and Consumer Defensive sector, Ollie's Bargain Outlet Holdings's Current Ratio distribution charts can be found below:
* The bar in red indicates where Ollie's Bargain Outlet Holdings's Current Ratio falls in comparison to its industry or sector. The grey bar indicates the Current Ratio's extreme value range as defined by GuruFocus.
Ollie's Bargain Outlet Holdings Current Ratio Calculation
The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.
Ollie's Bargain Outlet Holdings's Current 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) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Ollie's Bargain Outlet Holdings Current Ratio Related Terms
Thank you for viewing the detailed overview of Ollie's Bargain Outlet Holdings's Current 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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