Caleres Inc (CAL)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 21,358 | 34,031 | 47,098 | 36,151 | 33,700 | 32,773 | 45,955 | 33,717 | 30,115 | 74,772 | 54,684 | 98,244 | 88,295 | 124,330 | 148,544 | 187,717 | 45,218 | 52,502 | 42,601 | 35,778 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 154,615 | 166,609 | 143,010 | 159,950 | 150,329 | 173,413 | 139,709 | 193,366 | 155,309 | 196,918 | 145,548 | 168,548 | 160,919 | 194,947 | 162,907 | 145,333 | 162,181 | 156,253 | 167,727 | 148,487 |
| 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 |
| Quick ratio | 0.24 | 0.24 | 0.20 | 0.22 | 0.20 | 0.20 | 0.16 | 0.21 | 0.18 | 0.25 | 0.20 | 0.31 | 0.28 | 0.33 | 0.31 | 0.31 | 0.24 | 0.23 | 0.19 | 0.20 |
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 of Caleres Inc has shown some fluctuations over the past few quarters, ranging from 0.16 to 0.33. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio indicates how easily a company can pay off its current liabilities without relying on the sale of inventory.
In general, a quick ratio of 1 or higher is considered healthy, as it suggests that a company has enough liquid assets to cover its short-term liabilities. Caleres Inc's quick ratio has been below 1 in most quarters, indicating a potential liquidity risk.
The average quick ratio over the periods provided is approximately 0.24, suggesting that Caleres Inc may have difficulty meeting its short-term obligations without relying on inventory sales or external financing. It is important for the company to closely monitor its liquidity position and take appropriate measures to improve its quick ratio, such as increasing cash reserves or reducing current liabilities.
Peer comparison
Feb 3, 2024