Caleres Inc (CAL)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 788,909 | 822,873 | 914,823 | 820,880 | 831,455 | 921,084 | 1,018,790 | 933,641 | 836,476 | 862,698 | 807,363 | 757,118 | 782,556 | 872,155 | 930,049 | 1,009,790 | 882,299 | 901,646 | 1,053,790 | 887,312 |
| 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 |
| Current ratio | 1.06 | 0.99 | 0.96 | 0.93 | 0.91 | 0.89 | 0.89 | 0.87 | 0.82 | 0.81 | 0.82 | 0.87 | 0.86 | 0.91 | 0.91 | 0.94 | 1.04 | 1.01 | 0.97 | 0.97 |
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 some fluctuations over the past several quarters. The current ratio measures a company's ability to cover its short-term liabilities with its short-term assets, and generally, a ratio above 1 indicates a company has more current assets than current liabilities.
From the data provided, we observe that the current ratio ranged from 0.81 to 1.06 over the past few quarters. The ratio reached its lowest point of 0.81 in January 2022 and its highest point of 1.06 in February 2024. Generally, the trend appears to have improved recently, with the current ratio increasing from 0.81 in January 2022 to 1.06 in February 2024.
It is worth noting that a current ratio of 1.06 in February 2024 indicates that Caleres Inc had slightly more current assets than current liabilities at that point in time. However, the company should still monitor this ratio closely to ensure it maintains a healthy liquidity position to meet its short-term obligations.
Peer comparison
Feb 3, 2024