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