Burlington Stores Inc (BURL)
Current ratio
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,327,020 | 2,283,790 | 2,547,640 | 2,510,620 | 1,417,370 |
| Total current liabilities | US$ in thousands | 2,028,790 | 1,911,950 | 1,947,650 | 1,684,000 | 1,461,900 |
| Current ratio | 1.15 | 1.19 | 1.31 | 1.49 | 0.97 |
February 3, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,327,020K ÷ $2,028,790K
= 1.15
Burlington Stores Inc's current ratio has shown a declining trend over the past five years, decreasing from 1.49 in January 2021 to 1.15 in February 2024. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A current ratio of less than 1 indicates that a company may have difficulty meeting its short-term obligations.
In this case, Burlington Stores Inc's current ratio has generally been above 1 over the past five years, suggesting that the company has typically been able to meet its short-term debt obligations. However, the declining trend raises some concerns about the company's liquidity position. It is important for investors and stakeholders to monitor Burlington Stores Inc's current ratio over time to assess its financial health and ability to manage short-term liabilities.
Peer comparison
Feb 3, 2024