Abercrombie & Fitch Company (ANF)

Current ratio

		Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020
Total current assets	US$ in thousands	1,537,260	1,228,020	1,507,760	1,661,630	1,264,750
Total current liabilities	US$ in thousands	966,820	902,200	1,015,240	959,399	815,354
Current ratio		1.59	1.36	1.49	1.73	1.55

February 3, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,537,260K ÷ $966,820K
= 1.59

The current ratio of Abercrombie & Fitch Company has fluctuated over the past five years, ranging from 1.36 to 1.73. The current ratio measures the company's ability to meet its short-term obligations with its current assets. In 2024, the current ratio stands at 1.59, indicating that the company has $1.59 in current assets for every dollar of current liabilities.

Compared to the previous year, the current ratio has improved, suggesting better liquidity and a stronger ability to cover short-term liabilities. However, it is important to note that a current ratio of 1.59 may still be considered relatively low, as a ratio below 2.0 could indicate potential liquidity concerns.

Further analysis of the company's current assets and liabilities is necessary to fully assess its financial health and ability to meet its short-term obligations effectively.