Burlington Stores Inc (BURL)
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 | 2,327,020 | 2,214,830 | 1,917,070 | 1,990,460 | 2,283,790 | 2,099,780 | 1,936,100 | 2,181,240 | 2,547,640 | 2,772,060 | 2,663,920 | 2,738,100 | 2,510,620 | 2,634,860 | 1,891,790 | 2,229,880 | 1,417,370 | 1,415,140 | 1,185,910 | 1,251,800 |
| Total current liabilities | US$ in thousands | 2,028,790 | 1,954,580 | 1,643,700 | 1,718,510 | 1,911,950 | 1,878,410 | 1,609,050 | 1,729,500 | 1,947,650 | 2,079,500 | 1,803,480 | 1,728,700 | 1,684,000 | 1,740,650 | 1,225,200 | 1,355,410 | 1,461,900 | 1,607,650 | 1,315,770 | 1,343,890 |
| Current ratio | 1.15 | 1.13 | 1.17 | 1.16 | 1.19 | 1.12 | 1.20 | 1.26 | 1.31 | 1.33 | 1.48 | 1.58 | 1.49 | 1.51 | 1.54 | 1.65 | 0.97 | 0.88 | 0.90 | 0.93 |
February 3, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,327,020K ÷ $2,028,790K
= 1.15
The current ratio for Burlington Stores Inc has fluctuated over the past few years, ranging from a low of 0.88 to a high of 1.65. The current ratio, which measures the company's ability to cover its short-term liabilities with its current assets, has shown some variability but has generally remained above 1, indicating that the company has had sufficient current assets to cover its current liabilities.
In recent periods, the current ratio has generally been above 1, suggesting a healthy liquidity position for Burlington Stores Inc. A current ratio above 1 typically indicates that the company has an excess of current assets relative to its current liabilities, which can provide a buffer against short-term financial difficulties.
It is important to note that while a current ratio above 1 is generally seen as a positive indicator of a company's financial health, the exact interpretation can vary depending on the industry and specific circumstances of the company. Overall, Burlington Stores Inc's current ratio trend indicates a reasonable level of liquidity and ability to meet short-term obligations.
Peer comparison
Feb 3, 2024