Caleres Inc (CAL)
Current ratio
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 788,909 | 831,455 | 836,476 | 782,556 | 882,299 |
| Total current liabilities | US$ in thousands | 742,956 | 911,196 | 1,025,610 | 905,509 | 850,950 |
| Current ratio | 1.06 | 0.91 | 0.82 | 0.86 | 1.04 |
February 3, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $788,909K ÷ $742,956K
= 1.06
The current ratio of Caleres Inc has shown fluctuations over the past five years. The current ratio was 1.06 as of February 3, 2024, indicating that the company had $1.06 in current assets to cover each dollar of current liabilities. This represents an improvement compared to the prior year, where the current ratio was 0.91 on January 28, 2023.
However, when comparing the current ratio to the levels in previous years, we see a mixed trend. The current ratio was 0.82 on January 29, 2022, which was relatively low, indicating potential liquidity concerns at that time. It improved slightly to 0.86 on January 30, 2021, and then increased significantly to 1.04 on February 1, 2020.
Overall, while the current ratio has fluctuated, the recent improvement to 1.06 suggests that Caleres Inc currently has better liquidity and may be in a stronger position to meet its short-term obligations with its current assets. It is important to continue monitoring this ratio in the future to assess the company's liquidity position.
Peer comparison
Feb 3, 2024