Buckle Inc (BKE)

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	Aug 1, 2020	May 2, 2020	Feb 1, 2020	Nov 2, 2019	Aug 3, 2019	May 4, 2019
Total current assets	US$ in thousands	444,256	508,939	455,227	433,915	423,336	505,861	435,076	408,211	391,206	598,028	537,543	505,152	437,224	481,552	417,612	339,581	378,830	416,288	391,425	384,598
Total current liabilities	US$ in thousands	221,456	216,164	196,775	206,804	226,043	240,105	216,280	223,713	248,541	239,295	226,103	234,041	206,359	203,283	173,150	138,444	172,641	178,661	166,608	167,063
Current ratio		2.01	2.35	2.31	2.10	1.87	2.11	2.01	1.82	1.57	2.50	2.38	2.16	2.12	2.37	2.41	2.45	2.19	2.33	2.35	2.30

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 displayed fluctuation over the past 20 reporting periods, ranging from as low as 1.57 to as high as 2.50. The current ratio represents the company's ability to cover its short-term liabilities with its current assets. A current ratio above 1 indicates the company has more current assets than current liabilities, which is generally seen as a positive sign.

The current ratio for Buckle Inc was above 2 in 11 out of the 20 periods, with the highest being 2.50. This indicates a strong ability to meet short-term obligations with current assets in these periods. However, the ratio dipped below 2 in 9 periods, with the lowest being 1.57, which suggests a relatively weaker position in terms of short-term liquidity during those times.

Overall, the trend in the current ratio for Buckle Inc shows some variability but generally remains above 1.5, indicating a reasonable level of liquidity to cover short-term liabilities. It is important for the company to consistently monitor and manage its current assets and liabilities to ensure continued financial stability and ability to meet its short-term obligations.