Caleres Inc (CAL)
Cash 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 21,358 | 34,031 | 47,098 | 36,151 | 33,700 | 32,773 | 45,955 | 33,717 | 30,115 | 74,772 | 54,684 | 98,244 | 88,295 | 124,330 | 148,544 | 187,717 | 45,218 | 52,502 | 42,601 | 35,778 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 742,956 | 827,921 | 956,371 | 879,277 | 911,196 | 1,038,910 | 1,139,800 | 1,069,890 | 1,025,610 | 1,070,060 | 978,669 | 865,937 | 905,509 | 959,908 | 1,017,900 | 1,077,540 | 850,950 | 894,230 | 1,082,130 | 911,300 |
| Cash ratio | 0.03 | 0.04 | 0.05 | 0.04 | 0.04 | 0.03 | 0.04 | 0.03 | 0.03 | 0.07 | 0.06 | 0.11 | 0.10 | 0.13 | 0.15 | 0.17 | 0.05 | 0.06 | 0.04 | 0.04 |
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 for Caleres Inc has shown some fluctuations over the past several quarters. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a better ability to meet short-term obligations.
From the data provided, we can see that the cash ratio of Caleres Inc ranged from a low of 0.03 to a high of 0.17 over the period. The cash ratio was generally below 0.1, indicating that Caleres Inc may have had limited cash reserves relative to its short-term obligations during most of the periods.
It's worth noting that the cash ratio significantly increased to 0.17 in May 2020, suggesting a stronger liquidity position at that time. Subsequently, the ratio fluctuated within a range of 0.03 to 0.11 over the following quarters.
Overall, the cash ratio of Caleres Inc suggests a varying level of liquidity and ability to cover short-term liabilities with cash and cash equivalents throughout the periods examined. Investors and analysts may want to monitor this ratio closely to assess the company's liquidity position and financial health.
Peer comparison
Feb 3, 2024