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. Ollie's Bargain Outlet Holdings's quick ratio for the quarter that ended in Jan. 2023 was 1.09.
Ollie's Bargain Outlet Holdings has a quick ratio of 1.09. It generally indicates good short-term financial strength.
The historical rank and industry rank for Ollie's Bargain Outlet Holdings's Quick Ratio or its related term are showing as below:
OLLI'
s Quick Ratio Range Over the Past 10 Years
Min: 0.25 Med: 0.48 Max: 1.6
Current: 1.09
During the past 10 years, Ollie's Bargain Outlet Holdings's highest Quick Ratio was 1.60. The lowest was 0.25. And the median was 0.48.
OLLI's Quick Ratio is ranked better than 64.26% of 305
companies
in the Retail - Defensive industry
Industry Median: 0.84
vs OLLI: 1.09
Ollie's Bargain Outlet Holdings Quick Ratio Historical Data
The historical data trend for Ollie's Bargain Outlet Holdings's Quick 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
Quick Ratio
0.41
0.55
1.60
0.99
1.09
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
Quick Ratio
0.99
0.83
0.91
0.76
1.09
Competitive Comparison
For the Discount Stores subindustry, Ollie's Bargain Outlet Holdings's Quick Ratio, along with its competitors' market caps and Quick 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 Quick Ratio Distribution
For the Retail - Defensive industry and Consumer Defensive sector, Ollie's Bargain Outlet Holdings's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Ollie's Bargain Outlet Holdings's Quick Ratio falls in comparison to its industry or sector. The grey bar indicates the Quick Ratio's extreme value range as defined by GuruFocus.
Ollie's Bargain Outlet Holdings 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.
Ollie's Bargain Outlet Holdings's Quick 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) 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.
Ollie's Bargain Outlet Holdings Quick Ratio Related Terms
Thank you for viewing the detailed overview of Ollie's Bargain Outlet Holdings's Quick 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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