Caleres Inc (CAL)
Quick ratio
| Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 29,636 | 21,358 | 21,358 | 33,700 | 33,700 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | 154,615 | — | — | 150,329 |
| Total current liabilities | US$ in thousands | 757,933 | 742,956 | 742,956 | 911,196 | 911,196 |
| Quick ratio | 0.04 | 0.24 | 0.03 | 0.04 | 0.20 |
January 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($29,636K
+ $—K
+ $—K)
÷ $757,933K
= 0.04
The quick ratio of Caleres Inc has shown fluctuations over the past few years, ranging from a low of 0.03 to a high of 0.24. This ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term obligations without relying on inventory sales.
The decreasing trend in the quick ratio from 0.20 in January 28, 2023 to 0.04 in both January 31, 2023 and January 31, 2025 raises concerns about the company's liquidity position. However, the ratio spiked to 0.24 on February 3, 2024, which could be a result of a temporary improvement in the company's short-term liquidity.
Overall, the quick ratio for Caleres Inc suggests a fluctuating liquidity position, and investors and stakeholders should closely monitor this ratio to assess the company's ability to meet its short-term obligations.
Peer comparison
Jan 31, 2025