Caleres Inc (CAL)
Quick ratio
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 21,358 | 33,700 | 30,115 | 88,295 | 45,218 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 154,615 | 150,329 | 155,309 | 160,919 | 162,181 |
| Total current liabilities | US$ in thousands | 742,956 | 911,196 | 1,025,610 | 905,509 | 850,950 |
| Quick ratio | 0.24 | 0.20 | 0.18 | 0.28 | 0.24 |
February 3, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($21,358K
+ $—K
+ $154,615K)
÷ $742,956K
= 0.24
The quick ratio, also known as the acid-test ratio, is a key indicator of a company's short-term liquidity and ability to meet its immediate financial obligations. It is calculated by dividing the total current assets minus inventory by total current liabilities.
Based on the historical data provided for Caleres Inc from 2020 to 2024, we can observe fluctuations in the quick ratio. The quick ratio for the most recent fiscal year, ending on February 3, 2024, was 0.24. This indicates that for every dollar of current liabilities, Caleres Inc had $0.24 of highly liquid assets available to cover these obligations.
Comparing this to the previous four years, we can see a trend of fluctuating quick ratios. There was an improvement in the quick ratio from 2022 to 2023, but a slight decrease in 2024 compared to 2023. Despite this decrease, the quick ratio for 2024 remains higher than in 2022.
The quick ratio of Caleres Inc has fluctuated within a range of 0.18 to 0.28 over the past five years, showing variability in the company's ability to cover its short-term liabilities. It is important for investors and analysts to monitor these fluctuations to assess the company's liquidity position and its ability to handle immediate financial obligations.
Peer comparison
Feb 3, 2024