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Stitch Fix Quick Ratio

: 1.61 (As of Jul. 2020)
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The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Stitch Fix's quick ratio for the quarter that ended in Jul. 2020 was 1.61.

Stitch Fix has a quick ratio of 1.61. It generally indicates good short-term financial strength.

NAS:SFIX' s Quick Ratio Range Over the Past 10 Years
Min: 0.97   Med: 1.61   Max: 2.33
Current: 1.61

0.97
2.33

During the past 5 years, Stitch Fix's highest Quick Ratio was 2.33. The lowest was 0.97. And the median was 1.61.

NAS:SFIX's Quick Ratio is ranked higher than
76% of the 1032 Companies
in the Retail - Cyclical industry.

( Industry Median: 0.88 vs. NAS:SFIX: 1.61 )

Stitch Fix Quick Ratio Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Stitch Fix Annual Data
Jul16 Jul17 Jul18 Jul19 Jul20
Quick Ratio 1.22 0.97 2.33 1.99 1.61

Stitch Fix Quarterly Data
Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20
Quick Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.99 1.39 1.54 1.44 1.61

Competitive Comparison
* 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.


Stitch Fix Quick Ratio Distribution

* The bar in red indicates where Stitch Fix's Quick Ratio falls into.



Stitch Fix Quick Ratio Calculation

The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.

Stitch Fix's Quick Ratio for the fiscal year that ended in Jul. 2020 is calculated as

Quick Ratio (A: Jul. 2020 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(466.31-124.816)/212.155
=1.61

Stitch Fix's Quick Ratio for the quarter that ended in Jul. 2020 is calculated as

Quick Ratio (Q: Jul. 2020 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(466.31-124.816)/212.155
=1.61

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Stitch Fix  (NAS:SFIX) Quick Ratio Explanation

The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.

In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.

The higher the quick ratio, the better the company's liquidity position.


Stitch Fix Quick Ratio Related Terms


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