American Eagle Outfitters Inc (AEO)

Current ratio

		Feb 3, 2024	Oct 28, 2023	Jul 29, 2023	Apr 29, 2023	Jan 28, 2023	Oct 29, 2022	Jul 30, 2022	Apr 30, 2022	Jan 29, 2022	Oct 30, 2021	Jul 31, 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
Total current assets	US$ in thousands	1,433,350	1,353,420	1,201,490	1,129,500	1,100,240	1,277,100	1,177,390	1,280,540	1,396,920	1,775,530	1,601,580	1,522,640	1,507,790	1,582,370	1,558,940	1,047,930	1,078,570	1,020,070	950,603	1,046,250
Total current liabilities	US$ in thousands	891,172	831,231	762,476	716,437	768,948	685,430	718,061	737,479	842,871	869,572	769,218	858,482	894,336	840,414	662,227	751,756	810,152	763,646	649,797	542,645
Current ratio		1.61	1.63	1.58	1.58	1.43	1.86	1.64	1.74	1.66	2.04	2.08	1.77	1.69	1.88	2.35	1.39	1.33	1.34	1.46	1.93

February 3, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,433,350K ÷ $891,172K
= 1.61

American Eagle Outfitters Inc's current ratio has shown some fluctuations over the past few years. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A higher current ratio indicates a stronger liquidity position.

The current ratio ranged between 1.33 and 2.35 over the last 21 reporting periods. The highest ratio of 2.35 was recorded on May 2, 2020, suggesting that the company had more than enough current assets to cover its short-term liabilities at that time. Conversely, the lowest ratio of 1.33 was reported on November 2, 2019, indicating a relatively weaker liquidity position.

The most recent current ratio reported on February 3, 2024, was 1.61, which suggests that the company has $1.61 in current assets for every $1 of current liabilities. This indicates a moderate liquidity position compared to some previous periods but is still considered healthy as it is above 1.

Overall, American Eagle Outfitters Inc has generally maintained a current ratio above 1, indicating that the company has typically been able to meet its short-term obligations using its current assets. Investors and analysts typically look for a current ratio of at least 1 to ensure a company's short-term solvency.