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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. Express,'s quick ratio for the quarter that ended in Oct. 2023 was 0.19.
Express, has a quick ratio of 0.19. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Express,'s Quick Ratio or its related term are showing as below:
During the past 13 years, Express,'s highest Quick Ratio was 1.44. The lowest was 0.13. And the median was 0.55.
The historical data trend for Express,'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.
Express, Annual Data | |||||||||||||||||||||
Trend | Jan14 | Jan15 | Jan16 | Jan17 | Jan18 | Jan19 | Jan20 | Jan21 | Jan22 | Jan23 | |||||||||||
Quick Ratio | Get a 7-Day Free Trial | 0.89 | 0.54 | 0.41 | 0.22 | 0.31 |
Express, Quarterly Data | ||||||||||||||||||||
Jan19 | Apr19 | Jul19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | |
Quick Ratio | Get a 7-Day Free Trial | 0.13 | 0.31 | 0.26 | 0.24 | 0.19 |
For the Apparel Retail subindustry, Express,'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.
For the Retail - Cyclical industry and Consumer Cyclical sector, Express,'s Quick Ratio distribution charts can be found below:
* The bar in red indicates where Express,'s Quick Ratio falls into.
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.
Express,'s Quick Ratio for the fiscal year that ended in Jan. 2023 is calculated as
Quick Ratio (A: Jan. 2023 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (534.404 | - | 365.649) | / | 541.59 | |
= | 0.31 |
Express,'s Quick Ratio for the quarter that ended in Oct. 2023 is calculated as
Quick Ratio (Q: Oct. 2023 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (598.879 | - | 480.867) | / | 613.068 | |
= | 0.19 |
* 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.
Express, (OTCPK:EXPRQ) 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.
Thank you for viewing the detailed overview of Express,'s Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Stewart Glendinning | director, officer: Chief Executive Officer | 1 EXPRESS DRIVE, COLUMBUS OH 43230 |
Yehuda Shmidman | director | C/O ICONIX BRAND GROUP, INC., 1450 BROADWAY, 4TH FLOOR, NEW YORK NY 10018 |
Satish Mehta | director | C/O CHEWY, INC., 7700 WEST SUNRISE BLVD, PLANTATION FL 33322 |
Jason N Judd | officer: SVP, CFO and Treasurer | 50 N THIRD ST, NEWARK OH 43055 |
Patricia E Lopez | director | 333 LUDLOW ST, STAMFORD CT 06902 |
Antonio Lucio | director | C/O EXPRESS INC., 1 EXPRESS DRIVE, COLUMBUS OH 43230 |
Laurel Krueger | officer: Chief Legal Officer & Corp Sec | ONE EXPRESS DRIVE, COLUMBUS OH 43230 |
Periclis Pericleous | officer: SVP, CFO and Treasurer | 1 EXPRESS DR., COLUMBUS OH 43230 |
Matthew C Moellering | officer: EVP, CAO,CFO, Treasurer & Sec. | C/O EXPRESS PARENT LLC, ONE LIMITED PARKWAY, COLUMBUS OH 43230 |
Malissa Akay | officer: EVP, Chief Merch. Officer | 1 EXPRESS DR., COLUMBUS OH 43230 |
Sara Tervo | officer: EVP, Chief Marketing Officer | 1 EXPRESS DR., COLUMBUS OH 43230 |
Timothy G Baxter | director, officer: Chief Executive Officer | C/O EXPRESS, INC., 1 EXPRESS DR., COLUMBUS OH 43230 |
Contrarius Investment Management Ltd | 10 percent owner | 2 BOND STREET, ST. HELIER Y9 JE2 3NP |
Contrarius Investment Management (bermuda) Ltd | 10 percent owner | VICTORIA PLACE, 5TH FLOOR, 31 VICTORIA STREET, HAMILTON D0 HM 10 |
James A Hilt | officer: EVP, CMO, and ECommerce | 1 EXPRESS DRIVE, COLUMBUS OH 43230 |
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