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