Caleres Inc (CAL)
Cash ratio
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Feb 3, 2024 | Jan 31, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 29,636 | 33,685 | 51,753 | 30,709 | 21,358 | 21,358 | 34,031 | 34,031 | 47,098 | 47,098 | 36,151 | 36,151 | 33,700 | 33,700 | 32,773 | 32,773 | 45,955 | 45,955 | 33,717 | 30,115 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 757,933 | 806,430 | 860,423 | 764,365 | 742,956 | 742,956 | 827,921 | 827,921 | 956,371 | 956,371 | 879,277 | 879,277 | 911,196 | 911,196 | 1,038,910 | 1,038,910 | 1,139,800 | 1,139,800 | 1,069,890 | 1,025,610 |
| Cash ratio | 0.04 | 0.04 | 0.06 | 0.04 | 0.03 | 0.03 | 0.04 | 0.04 | 0.05 | 0.05 | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 | 0.03 | 0.04 | 0.04 | 0.03 | 0.03 |
January 31, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($29,636K
+ $—K)
÷ $757,933K
= 0.04
The cash ratio of Caleres Inc has shown a fluctuating trend over the reported periods. The cash ratio remained relatively low, ranging between 0.03 and 0.06. It indicates that Caleres Inc holds a modest amount of cash and cash equivalents compared to its current liabilities.
The highest cash ratio of 0.06 was observed on July 31, 2024, suggesting a slight improvement in the company's ability to cover its short-term obligations with cash on hand. However, the ratio decreased in subsequent periods.
Overall, the cash ratio of Caleres Inc indicates that the company may have limited liquidity in terms of cash reserves compared to its current liabilities. It is essential for the company to carefully manage its cash position to ensure it can meet its short-term financial obligations efficiently.
Peer comparison
Jan 31, 2025