Caleres Inc (CAL)
Quick ratio
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Feb 3, 2024 | Jan 31, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 29,636 | 33,685 | 51,753 | 30,709 | 21,358 | 21,358 | 34,031 | 34,031 | 47,098 | 47,098 | 36,151 | 36,151 | 33,700 | 33,700 | 32,773 | 32,773 | 45,955 | 45,955 | 33,717 | 30,115 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | 154,615 | — | — | 166,609 | — | 143,010 | — | 159,950 | — | 150,329 | — | 173,413 | — | 139,709 | — | — |
| Total current liabilities | US$ in thousands | 757,933 | 806,430 | 860,423 | 764,365 | 742,956 | 742,956 | 827,921 | 827,921 | 956,371 | 956,371 | 879,277 | 879,277 | 911,196 | 911,196 | 1,038,910 | 1,038,910 | 1,139,800 | 1,139,800 | 1,069,890 | 1,025,610 |
| Quick ratio | 0.04 | 0.04 | 0.06 | 0.04 | 0.24 | 0.03 | 0.04 | 0.24 | 0.05 | 0.20 | 0.04 | 0.22 | 0.04 | 0.20 | 0.03 | 0.20 | 0.04 | 0.16 | 0.03 | 0.03 |
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, also known as the acid-test ratio, provides insight into a company's ability to meet its short-term obligations with its most liquid assets. A quick ratio of less than 1 indicates that the company may have difficulty meeting its short-term liabilities.
Analyzing the quick ratio of Caleres Inc from January 31, 2022, to January 31, 2025, we observe fluctuations in the ratio. The quick ratio ranged from a low of 0.03 to a high of 0.24 during this period.
Specifically, we note that the quick ratio was consistently low in the early period, hovering around 0.03 to 0.06 from January 2022 to July 2023. This implies that Caleres Inc had limited liquid assets relative to its current liabilities, signaling potential liquidity risks.
However, there was a noticeable improvement in the quick ratio from October 2023 onwards, with ratios of 0.24, 0.06, and 0.04 recorded in October 2023, January 2024, and July 2024, respectively. This increase suggests an enhancement in Caleres Inc's ability to cover its short-term obligations with its readily available assets.
Despite this improvement, the quick ratio dropped back to 0.04 by October 2024 and remained at this level through January 2025. This decline indicates a potential decrease in liquidity or an increase in short-term liabilities that Caleres Inc needs to address.
Overall, the fluctuating trend in the quick ratio of Caleres Inc reflects varying levels of liquidity and underscores the importance of closely monitoring the company's ability to meet its short-term obligations with available liquid assets.
Peer comparison
Jan 31, 2025