Buckle Inc (BKE)
Current ratio
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 444,256 | 423,336 | 391,206 | 437,224 | 378,830 |
| Total current liabilities | US$ in thousands | 221,456 | 226,043 | 248,541 | 206,359 | 172,641 |
| Current ratio | 2.01 | 1.87 | 1.57 | 2.12 | 2.19 |
February 3, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $444,256K ÷ $221,456K
= 2.01
The current ratio of Buckle Inc has shown some fluctuations over the past five years.
As of February 3, 2024, the current ratio stands at 2.01, indicating that the company has $2.01 in current assets for every $1 in current liabilities. This suggests that Buckle Inc has improved its liquidity position compared to the previous year.
In the preceding years, the current ratio was 1.87 in 2023, 1.57 in 2022, and 2.12 in 2021, demonstrating some variability in the company's ability to meet its short-term obligations. The current ratio was highest in 2020 at 2.19, signifying a strong liquidity position at that time.
Overall, while the current ratio has fluctuated, it appears that Buckle Inc has generally maintained a healthy liquidity position in recent years, with the current ratio consistently above 1, indicating that the company has had sufficient current assets to cover its current liabilities.
Peer comparison
Feb 3, 2024