Stock Analysis on Net

Ulta Beauty Inc. (NASDAQ:ULTA)

$22.49

This company has been moved to the archive! The financial data has not been updated since August 24, 2023.

Current Ratio
since 2008

Microsoft Excel

Calculation

Ulta Beauty Inc., current ratio, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02).

1 US$ in thousands


Current Assets
Current assets exhibit a generally increasing trend over the observed period, rising from approximately 229 million USD in early 2008 to nearly 2.71 billion USD by early 2023. There are noticeable increments each year, with more pronounced growth beginning around 2011 and continuing through to 2023. A slight dip appears in 2022, but the overall trajectory remains upward.
Current Liabilities
Current liabilities also increase consistently throughout the timeframe, starting at roughly 112 million USD in 2008 and reaching around 1.68 billion USD in 2023. The growth in liabilities appears to accelerate markedly after 2015, with a steep rise through to 2023. This signifies a generally growing obligation structure alongside the rise in assets.
Current Ratio
The current ratio presents a clear pattern of fluctuation. Initially, it rises from 2.05 in 2008 to a peak above 3.7 in the early to mid-2010s (2012–2014), indicating strong short-term liquidity during this period. However, from roughly 2015 onward, the ratio declines steadily, dropping to a low point near 1.46 in early 2022 before a modest recovery to 1.61 in 2023. This decline suggests increasing pressure on liquidity, with current liabilities growing at a faster rate than current assets in the later years.
Insights
From the data, it can be inferred that while the company has expanded both its current assets and liabilities significantly over the years, the pace of liability growth in recent years has tempered liquidity, as evidenced by the declining current ratio. Early periods reflect a robust liquidity position, possibly indicating conservative management of short-term obligations. The downturn in the current ratio after 2014 may warrant further examination into working capital management and potential impacts on the company's ability to meet short-term liabilities.

Comparison to Competitors

Ulta Beauty Inc., current ratio, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02).


Comparison to Sector (Consumer Discretionary Distribution & Retail)

Ulta Beauty Inc., current ratio, long-term trends, comparison to sector (consumer discretionary distribution & retail)

Microsoft Excel

Based on: 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02).


Comparison to Industry (Consumer Discretionary)

Ulta Beauty Inc., current ratio, long-term trends, comparison to industry (consumer discretionary)

Microsoft Excel

Based on: 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02).