Buckle Inc (BKE)

Current ratio

		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Feb 3, 2024	Jan 31, 2024	Oct 31, 2023	Oct 28, 2023	Jul 31, 2023	Jul 29, 2023	Apr 30, 2023	Apr 29, 2023	Jan 31, 2023	Jan 28, 2023	Oct 31, 2022	Oct 29, 2022	Jul 31, 2022	Jul 30, 2022	Apr 30, 2022	Jan 31, 2022
Total current assets	US$ in thousands	439,209	504,928	469,200	446,829	444,256	444,256	508,939	508,939	455,227	455,227	433,915	433,915	423,336	423,336	505,861	505,861	435,076	435,076	408,211	391,206
Total current liabilities	US$ in thousands	213,932	212,770	206,219	205,280	221,456	221,456	216,164	216,164	196,775	196,775	206,804	206,804	226,043	226,043	240,105	240,105	216,280	216,280	223,713	248,541
Current ratio		2.05	2.37	2.28	2.18	2.01	2.01	2.35	2.35	2.31	2.31	2.10	2.10	1.87	1.87	2.11	2.11	2.01	2.01	1.82	1.57

January 31, 2025 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $439,209K ÷ $213,932K
= 2.05

The current ratio of Buckle Inc has exhibited a generally increasing trend over the past few years, starting at 1.57 as of January 31, 2022, and reaching 2.05 as of January 31, 2025. This indicates that the company's ability to meet its short-term obligations with its current assets has improved over this period.

The ratio surpassed the 2-mark from July 30, 2022 onwards, signaling a more robust liquidity position for Buckle Inc with current assets more than double its current liabilities. This suggests the company has ample resources to cover its immediate financial obligations.

There was a slight dip in the current ratio in January 2023, but the ratio quickly rebounded and continued to rise steadily, hitting a peak of 2.37 as of October 31, 2024. The current ratio then slightly decreased to 2.05 as of January 31, 2025, which may be worth monitoring in the future to ensure the company maintains a healthy liquidity position.

Overall, the upward trend in Buckle Inc's current ratio indicates a strong financial position in terms of short-term liquidity and ability to meet its current obligations. However, ongoing monitoring is recommended to ensure the company maintains this positive financial health.