Academy Sports Outdoors Inc (ASO)
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 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,644,900 | 1,895,580 | 1,715,480 | 1,728,790 | 1,686,680 | 1,875,630 | 1,767,140 | 1,850,290 | 1,715,750 | 1,785,900 | 1,720,450 | 1,717,060 | 1,415,020 | 1,992,090 |
| Total current liabilities | US$ in thousands | 879,858 | 1,172,620 | 1,019,780 | 1,049,360 | 1,038,720 | 1,191,210 | 1,119,630 | 1,188,570 | 1,127,110 | 1,313,380 | 1,181,560 | 1,239,230 | 1,167,090 | 1,241,100 |
| Current ratio | 1.87 | 1.62 | 1.68 | 1.65 | 1.62 | 1.57 | 1.58 | 1.56 | 1.52 | 1.36 | 1.46 | 1.39 | 1.21 | 1.61 |
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 been fluctuating over the past few quarters, ranging from a low of 1.21 to a high of 1.87. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A higher current ratio generally indicates a healthier financial position, as it means the company has more current assets available to cover its current liabilities.
In recent quarters, the current ratio has shown a generally increasing trend, which is a positive sign, indicating that the company's liquidity position has been improving over time. The current ratio has exceeded 1 in all periods, suggesting that Academy Sports Outdoors Inc has more than enough current assets to cover its short-term liabilities.
While the current ratio does not provide a complete picture of a company's financial health, an increasing trend in this ratio over time is a positive indicator of the company's ability to manage its short-term financial obligations. Investors and stakeholders should continue to monitor this ratio along with other financial metrics to assess the overall financial health of Academy Sports Outdoors Inc.
Peer comparison
Feb 3, 2024