Analysis of Liquidity Ratios
Quarterly Data
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
RH, liquidity ratios (quarterly data)
Based on: 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | RH current ratio deteriorated from Q3 2023 to Q4 2023 but then slightly improved from Q4 2023 to Q1 2024. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | RH quick ratio deteriorated from Q3 2023 to Q4 2023 but then slightly improved from Q4 2023 to Q1 2024. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | RH cash ratio deteriorated from Q3 2023 to Q4 2023 but then slightly improved from Q4 2023 to Q1 2024. |
Current Ratio
RH, current ratio calculation (quarterly data)
| Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | Feb 2, 2019 | Nov 3, 2018 | Aug 4, 2018 | May 5, 2018 | Feb 3, 2018 | Oct 28, 2017 | Jul 29, 2017 | Apr 29, 2017 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||||||
| Current assets | 2,475,844) | 2,512,664) | 3,266,457) | 3,251,318) | 3,399,061) | 3,091,442) | 3,013,839) | 1,137,816) | 989,408) | 801,484) | 734,900) | 621,439) | 625,721) | 596,952) | 559,479) | 657,622) | 822,065) | 682,693) | 694,038) | 692,502) | 650,131) | 644,930) | 688,995) | 742,116) | 914,670) | ||||||||
| Current liabilities | 851,503) | 885,973) | 935,176) | 958,903) | 1,361,530) | 1,063,758) | 1,096,310) | 1,229,000) | 1,016,172) | 921,632) | 882,585) | 784,980) | 968,935) | 982,912) | 903,706) | 924,957) | 1,011,610) | 918,172) | 865,073) | 836,945) | 496,496) | 519,335) | 469,757) | 495,749) | 443,921) | ||||||||
| Liquidity Ratio | |||||||||||||||||||||||||||||||||
| Current ratio1 | 2.91 | 2.84 | 3.49 | 3.39 | 2.50 | 2.91 | 2.75 | 0.93 | 0.97 | 0.87 | 0.83 | 0.79 | 0.65 | 0.61 | 0.62 | 0.71 | 0.81 | 0.74 | 0.80 | 0.83 | 1.31 | 1.24 | 1.47 | 1.50 | 2.06 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||
| Current Ratio, Competitors2 | |||||||||||||||||||||||||||||||||
| Amazon.com Inc. | 1.07 | 1.05 | 0.98 | 0.95 | 0.92 | 0.94 | 0.94 | 0.95 | 0.96 | 1.14 | 1.12 | 1.20 | 1.05 | 1.05 | 1.11 | 1.18 | 1.08 | — | — | — | — | — | — | — | — | ||||||||
| Home Depot Inc. | 1.27 | 1.41 | 1.39 | 1.18 | 1.11 | 1.01 | 1.13 | 1.06 | 1.10 | 1.23 | 1.36 | 1.30 | 1.17 | 1.08 | 1.08 | 1.10 | 1.04 | — | — | — | — | — | — | — | — | ||||||||
| Lowe’s Cos. Inc. | 1.25 | 1.10 | 1.20 | 1.11 | 1.17 | 1.02 | 1.19 | 1.16 | 1.17 | 1.19 | 1.38 | 1.30 | 1.20 | 1.01 | 1.04 | 1.06 | 1.09 | — | — | — | — | — | — | — | — | ||||||||
| TJX Cos. Inc. | 1.20 | 1.21 | 1.16 | 1.17 | 1.25 | 1.27 | 1.29 | 1.33 | 1.52 | 1.46 | 1.41 | 1.51 | 2.20 | 1.24 | 1.22 | 1.25 | 1.23 | — | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29).
1 Q1 2024 Calculation
Current ratio = Current assets ÷ Current liabilities
= 2,475,844 ÷ 851,503 = 2.91
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. | RH current ratio deteriorated from Q3 2023 to Q4 2023 but then slightly improved from Q4 2023 to Q1 2024. |
Quick Ratio
RH, quick ratio calculation (quarterly data)
| Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | Feb 2, 2019 | Nov 3, 2018 | Aug 4, 2018 | May 5, 2018 | Feb 3, 2018 | Oct 28, 2017 | Jul 29, 2017 | Apr 29, 2017 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||||||
| Cash and cash equivalents | 1,516,689) | 1,508,101) | 2,150,466) | 2,085,081) | 2,243,255) | 2,177,889) | 2,198,961) | 291,461) | 229,527) | 100,446) | 89,884) | 17,387) | 17,208) | 47,658) | 38,253) | 11,555) | 37,550) | 5,803) | 7,755) | 22,199) | 20,796) | 17,907) | 22,162) | 21,637) | 80,150) | ||||||||
| Restricted cash | 3,538) | 3,662) | 3,882) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | 65,000) | —) | —) | —) | —) | —) | —) | —) | —) | ||||||||
| Accounts receivable, net | 60,233) | 59,763) | 58,563) | 55,538) | 65,602) | 57,914) | 60,621) | 59,798) | 60,212) | 59,474) | 59,065) | 55,916) | 49,099) | 48,979) | 45,312) | 44,287) | 48,882) | 40,224) | 42,748) | 40,706) | 38,614) | 31,412) | 34,447) | 34,752) | 34,116) | ||||||||
| Total quick assets | 1,580,460) | 1,571,526) | 2,212,911) | 2,140,619) | 2,308,857) | 2,235,803) | 2,259,582) | 351,259) | 289,739) | 159,920) | 148,949) | 73,303) | 66,307) | 96,637) | 83,565) | 55,842) | 151,432) | 46,027) | 50,503) | 62,905) | 59,410) | 49,319) | 56,609) | 56,389) | 114,266) | ||||||||
| Current liabilities | 851,503) | 885,973) | 935,176) | 958,903) | 1,361,530) | 1,063,758) | 1,096,310) | 1,229,000) | 1,016,172) | 921,632) | 882,585) | 784,980) | 968,935) | 982,912) | 903,706) | 924,957) | 1,011,610) | 918,172) | 865,073) | 836,945) | 496,496) | 519,335) | 469,757) | 495,749) | 443,921) | ||||||||
| Liquidity Ratio | |||||||||||||||||||||||||||||||||
| Quick ratio1 | 1.86 | 1.77 | 2.37 | 2.23 | 1.70 | 2.10 | 2.06 | 0.29 | 0.29 | 0.17 | 0.17 | 0.09 | 0.07 | 0.10 | 0.09 | 0.06 | 0.15 | 0.05 | 0.06 | 0.08 | 0.12 | 0.09 | 0.12 | 0.11 | 0.26 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||
| Quick Ratio, Competitors2 | |||||||||||||||||||||||||||||||||
| Amazon.com Inc. | 0.56 | 0.53 | 0.44 | 0.43 | 0.44 | 0.45 | 0.42 | 0.43 | 0.48 | 0.68 | 0.64 | 0.76 | 0.63 | 0.67 | 0.67 | 0.76 | 0.62 | — | — | — | — | — | — | — | — | ||||||||
| Home Depot Inc. | 0.22 | 0.26 | 0.26 | 0.18 | 0.22 | 0.20 | 0.32 | 0.30 | 0.37 | 0.47 | 0.68 | 0.69 | 0.48 | 0.23 | 0.23 | 0.26 | 0.21 | — | — | — | — | — | — | — | — | ||||||||
| Lowe’s Cos. Inc. | 0.18 | 0.09 | 0.18 | 0.09 | 0.17 | 0.07 | 0.32 | 0.29 | 0.31 | 0.28 | 0.52 | 0.60 | 0.34 | 0.06 | 0.06 | 0.13 | 0.18 | — | — | — | — | — | — | — | — | ||||||||
| TJX Cos. Inc. | 0.53 | 0.59 | 0.35 | 0.40 | 0.49 | 0.64 | 0.65 | 0.77 | 0.95 | 1.01 | 0.93 | 0.92 | 0.96 | 0.50 | 0.33 | 0.39 | 0.40 | — | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29).
1 Q1 2024 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 1,580,460 ÷ 851,503 = 1.86
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. | RH quick ratio deteriorated from Q3 2023 to Q4 2023 but then slightly improved from Q4 2023 to Q1 2024. |
Cash Ratio
RH, cash ratio calculation (quarterly data)
| Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | Feb 2, 2019 | Nov 3, 2018 | Aug 4, 2018 | May 5, 2018 | Feb 3, 2018 | Oct 28, 2017 | Jul 29, 2017 | Apr 29, 2017 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||||||
| Cash and cash equivalents | 1,516,689) | 1,508,101) | 2,150,466) | 2,085,081) | 2,243,255) | 2,177,889) | 2,198,961) | 291,461) | 229,527) | 100,446) | 89,884) | 17,387) | 17,208) | 47,658) | 38,253) | 11,555) | 37,550) | 5,803) | 7,755) | 22,199) | 20,796) | 17,907) | 22,162) | 21,637) | 80,150) | ||||||||
| Restricted cash | 3,538) | 3,662) | 3,882) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | 65,000) | —) | —) | —) | —) | —) | —) | —) | —) | ||||||||
| Total cash assets | 1,520,227) | 1,511,763) | 2,154,348) | 2,085,081) | 2,243,255) | 2,177,889) | 2,198,961) | 291,461) | 229,527) | 100,446) | 89,884) | 17,387) | 17,208) | 47,658) | 38,253) | 11,555) | 102,550) | 5,803) | 7,755) | 22,199) | 20,796) | 17,907) | 22,162) | 21,637) | 80,150) | ||||||||
| Current liabilities | 851,503) | 885,973) | 935,176) | 958,903) | 1,361,530) | 1,063,758) | 1,096,310) | 1,229,000) | 1,016,172) | 921,632) | 882,585) | 784,980) | 968,935) | 982,912) | 903,706) | 924,957) | 1,011,610) | 918,172) | 865,073) | 836,945) | 496,496) | 519,335) | 469,757) | 495,749) | 443,921) | ||||||||
| Liquidity Ratio | |||||||||||||||||||||||||||||||||
| Cash ratio1 | 1.79 | 1.71 | 2.30 | 2.17 | 1.65 | 2.05 | 2.01 | 0.24 | 0.23 | 0.11 | 0.10 | 0.02 | 0.02 | 0.05 | 0.04 | 0.01 | 0.10 | 0.01 | 0.01 | 0.03 | 0.04 | 0.03 | 0.05 | 0.04 | 0.18 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||
| Cash Ratio, Competitors2 | |||||||||||||||||||||||||||||||||
| Amazon.com Inc. | 0.56 | 0.53 | 0.44 | 0.43 | 0.44 | 0.45 | 0.42 | 0.43 | 0.48 | 0.68 | 0.64 | 0.76 | 0.63 | 0.67 | 0.67 | 0.76 | 0.62 | — | — | — | — | — | — | — | — | ||||||||
| Home Depot Inc. | 0.05 | 0.12 | 0.10 | 0.05 | 0.09 | 0.08 | 0.19 | 0.17 | 0.24 | 0.34 | 0.58 | 0.58 | 0.37 | 0.12 | 0.11 | 0.14 | 0.10 | — | — | — | — | — | — | — | — | ||||||||
| Lowe’s Cos. Inc. | 0.18 | 0.09 | 0.18 | 0.09 | 0.17 | 0.07 | 0.32 | 0.29 | 0.31 | 0.28 | 0.52 | 0.60 | 0.34 | 0.06 | 0.06 | 0.13 | 0.18 | — | — | — | — | — | — | — | — | ||||||||
| TJX Cos. Inc. | 0.48 | 0.53 | 0.30 | 0.35 | 0.43 | 0.59 | 0.60 | 0.71 | 0.89 | 0.97 | 0.90 | 0.87 | 0.92 | 0.45 | 0.27 | 0.33 | 0.34 | — | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29).
1 Q1 2024 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 1,520,227 ÷ 851,503 = 1.79
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. | RH cash ratio deteriorated from Q3 2023 to Q4 2023 but then slightly improved from Q4 2023 to Q1 2024. |