Analysis of Liquidity Ratios
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Ulta Beauty Inc., liquidity ratios
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).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Ulta Beauty Inc. current ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Ulta Beauty Inc. quick ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Ulta Beauty Inc. cash ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Current Ratio
Ulta Beauty Inc., current ratio calculation, comparison to benchmarks
| Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | Feb 3, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Current assets | 2,709,304) | 2,281,183) | 2,514,777) | 2,055,317) | 1,914,861) | 1,693,743) | |
| Current liabilities | 1,681,775) | 1,558,010) | 1,343,713) | 1,137,261) | 823,736) | 642,166) | |
| Liquidity Ratio | |||||||
| Current ratio1 | 1.61 | 1.46 | 1.87 | 1.81 | 2.32 | 2.64 | |
| Benchmarks | |||||||
| Current Ratio, Competitors2 | |||||||
| Amazon.com Inc. | 1.05 | 0.94 | 1.14 | 1.05 | 1.10 | — | |
| Home Depot Inc. | 1.41 | 1.01 | 1.23 | 1.08 | 1.11 | — | |
| Lowe’s Cos. Inc. | 1.10 | 1.02 | 1.19 | 1.01 | 0.98 | — | |
| TJX Cos. Inc. | 1.21 | 1.27 | 1.46 | 1.24 | 1.53 | — | |
| Current Ratio, Sector | |||||||
| Consumer Discretionary Distribution & Retail | 1.10 | 0.98 | 1.17 | 1.06 | 1.10 | — | |
| Current Ratio, Industry | |||||||
| Consumer Discretionary | 1.18 | 1.14 | 1.24 | 1.18 | 1.08 | — | |
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).
1 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 2,709,304 ÷ 1,681,775 = 1.61
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Ulta Beauty Inc. current ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Quick Ratio
Ulta Beauty Inc., quick ratio calculation, comparison to benchmarks
| Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | Feb 3, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Cash and cash equivalents | 737,877) | 431,560) | 1,046,051) | 392,325) | 409,251) | 277,445) | |
| Short-term investments | —) | —) | —) | 110,000) | —) | 120,000) | |
| Receivables, net | 199,422) | 233,682) | 193,109) | 139,337) | 136,168) | 99,719) | |
| Total quick assets | 937,299) | 665,242) | 1,239,160) | 641,662) | 545,419) | 497,164) | |
| Current liabilities | 1,681,775) | 1,558,010) | 1,343,713) | 1,137,261) | 823,736) | 642,166) | |
| Liquidity Ratio | |||||||
| Quick ratio1 | 0.56 | 0.43 | 0.92 | 0.56 | 0.66 | 0.77 | |
| Benchmarks | |||||||
| Quick Ratio, Competitors2 | |||||||
| Amazon.com Inc. | 0.81 | 0.69 | 0.86 | 0.83 | 0.83 | — | |
| Home Depot Inc. | 0.26 | 0.20 | 0.47 | 0.23 | 0.22 | — | |
| Lowe’s Cos. Inc. | 0.09 | 0.07 | 0.28 | 0.06 | 0.05 | — | |
| TJX Cos. Inc. | 0.59 | 0.64 | 1.01 | 0.50 | 0.61 | — | |
| Quick Ratio, Sector | |||||||
| Consumer Discretionary Distribution & Retail | 0.68 | 0.57 | 0.77 | 0.68 | 0.65 | — | |
| Quick Ratio, Industry | |||||||
| Consumer Discretionary | 0.84 | 0.81 | 0.92 | 0.89 | 0.77 | — | |
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).
1 2023 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 937,299 ÷ 1,681,775 = 0.56
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Ulta Beauty Inc. quick ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Cash Ratio
Ulta Beauty Inc., cash ratio calculation, comparison to benchmarks
| Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | Feb 3, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Cash and cash equivalents | 737,877) | 431,560) | 1,046,051) | 392,325) | 409,251) | 277,445) | |
| Short-term investments | —) | —) | —) | 110,000) | —) | 120,000) | |
| Total cash assets | 737,877) | 431,560) | 1,046,051) | 502,325) | 409,251) | 397,445) | |
| Current liabilities | 1,681,775) | 1,558,010) | 1,343,713) | 1,137,261) | 823,736) | 642,166) | |
| Liquidity Ratio | |||||||
| Cash ratio1 | 0.44 | 0.28 | 0.78 | 0.44 | 0.50 | 0.62 | |
| Benchmarks | |||||||
| Cash Ratio, Competitors2 | |||||||
| Amazon.com Inc. | 0.53 | 0.45 | 0.68 | 0.67 | 0.63 | — | |
| Home Depot Inc. | 0.12 | 0.08 | 0.34 | 0.12 | 0.11 | — | |
| Lowe’s Cos. Inc. | 0.09 | 0.07 | 0.28 | 0.06 | 0.05 | — | |
| TJX Cos. Inc. | 0.53 | 0.59 | 0.97 | 0.45 | 0.55 | — | |
| Cash Ratio, Sector | |||||||
| Consumer Discretionary Distribution & Retail | 0.44 | 0.37 | 0.61 | 0.54 | 0.49 | — | |
| Cash Ratio, Industry | |||||||
| Consumer Discretionary | 0.57 | 0.55 | 0.71 | 0.70 | 0.56 | — | |
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).
1 2023 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 737,877 ÷ 1,681,775 = 0.44
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Ulta Beauty Inc. cash ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |