Stock Analysis on Net

Ulta Beauty Inc. (NASDAQ:ULTA)

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

Analysis of Liquidity Ratios 

Microsoft Excel

Liquidity Ratios (Summary)

Ulta Beauty Inc., liquidity ratios

Microsoft Excel
Jan 28, 2023 Jan 29, 2022 Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018
Current ratio 1.61 1.46 1.87 1.81 2.32 2.64
Quick ratio 0.56 0.43 0.92 0.56 0.66 0.77
Cash ratio 0.44 0.28 0.78 0.44 0.50 0.62

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

Microsoft Excel
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 1.20 1.15 1.25 1.18 1.10

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

Microsoft Excel
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 0.85 0.81 0.92 0.88 0.79

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

Microsoft Excel
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 0.69 0.57

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.