Academy Sports Outdoors Inc (ASO)
Current ratio
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | ||
|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,644,900 | 1,686,680 | 1,715,750 | 1,415,020 |
| Total current liabilities | US$ in thousands | 879,858 | 1,038,720 | 1,127,110 | 1,167,090 |
| Current ratio | 1.87 | 1.62 | 1.52 | 1.21 |
February 3, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,644,900K ÷ $879,858K
= 1.87
The current ratio of Academy Sports Outdoors Inc has shown a positive trend over the past four years, indicating an improvement in the company's short-term liquidity position. The current ratio has increased steadily from 1.21 in January 30, 2021, to 1.87 in February 3, 2024. This suggests that the company's current assets have been increasing relative to its current liabilities, providing a higher level of financial flexibility to meet its short-term obligations. The rising current ratio signifies that Academy Sports Outdoors Inc has been effectively managing its working capital and is in a better position to cover its short-term obligations.
Peer comparison
Feb 3, 2024