Caleres Inc (CAL)
Cash ratio
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 21,358 | 33,700 | 30,115 | 88,295 | 45,218 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 742,956 | 911,196 | 1,025,610 | 905,509 | 850,950 |
| Cash ratio | 0.03 | 0.04 | 0.03 | 0.10 | 0.05 |
February 3, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($21,358K
+ $—K)
÷ $742,956K
= 0.03
The cash ratio of Caleres Inc has fluctuated over the past five years, ranging from 0.03 to 0.10. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A cash ratio of 0.03 in 2024 indicates that Caleres Inc holds $0.03 in cash and cash equivalents for every $1 of current liabilities. This ratio has decreased compared to 0.04 in 2023 and 0.05 in 2020, suggesting a potential decrease in liquidity or an increase in short-term obligations relative to cash holdings. The highest cash ratio of 0.10 in 2021 indicates a stronger ability to meet short-term liabilities with available cash. Overall, fluctuations in the cash ratio reflect changes in Caleres Inc's liquidity position over the years.
Peer comparison
Feb 3, 2024