Ross Stores has a Cash Ratio of 1.16. It generally indicates that the company is able to cover all short-term debt and still have cash remaining.
The historical rank and industry rank for Ross Stores's Cash Ratio or its related term are showing as below:
ROST'
s Cash Ratio Range Over the Past 10 Years
Min: 0.42 Med: 0.69 Max: 1.25
Current: 1.16
During the past 13 years, Ross Stores's highest Cash Ratio was 1.25. The lowest was 0.42. And the median was 0.69.
ROST's Cash Ratio is ranked better than 80.11% of 1096
companies
in the Retail - Cyclical industry
Industry Median: 0.38
vs ROST: 1.16
Ross Stores Cash Ratio Historical Data
The historical data trend for Ross Stores's Cash 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.
Competitive Comparison of Ross Stores's Cash Ratio
For the Apparel Retail subindustry, Ross Stores's Cash Ratio, along with its competitors' market caps and Cash 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.
Ross Stores's Cash Ratio Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Ross Stores's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Ross Stores's Cash Ratio falls into.
Ross Stores Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Ross Stores's Cash Ratio for the fiscal year that ended in Jan. 2024 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.
Ross Stores (NAS:ROST) Cash Ratio Explanation
The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.
The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.
In general, the higher the cash ratio, the better the company's liquidity position.
Ross Stores Cash Ratio Related Terms
Thank you for viewing the detailed overview of Ross Stores's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Ross Stores operates as an off-price apparel and accessories retailer with the majority of its sales derived from its Ross Dress for Less banner. The firm opportunistically procures excess brand-name merchandise made available via manufacturing overruns and retail liquidation sales at a 20%-60% discount to full prices. As such, its stores are frequently filled with a vast array of stock-keeping units, each with minimal product depth that creates a treasure hunt shopping experience. The firm's more than 1,750 Ross Dress for Less stores are primarily located in densely populated suburban communities and typically serve middle-income consumers. Ross also operates nearly 350 DD's Discounts chains that target lower-income shoppers.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
ROST has been successfully added to your 