Chewy Inc (CHWY)
Current ratio
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Feb 2, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,104,350 | 1,524,780 | 1,323,530 | 1,226,780 | 629,789 |
| Total current liabilities | US$ in thousands | 2,110,880 | 1,827,720 | 1,644,880 | 1,380,860 | 1,100,540 |
| Current ratio | 1.00 | 0.83 | 0.80 | 0.89 | 0.57 |
January 28, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,104,350K ÷ $2,110,880K
= 1.00
The current ratio of Chewy Inc has shown varying trends over the past five years. As of Jan 28, 2024, the current ratio stands at 1.00, indicating that the company has $1.00 in current assets for every $1.00 in current liabilities. This suggests that Chewy Inc has sufficient current assets to cover its short-term obligations.
Comparing this to previous years, we observe fluctuations in the current ratio. In Jan 29, 2023, the current ratio was 0.83, which improved to 0.89 in Jan 31, 2021. However, there was a decline in the current ratio to 0.80 in Jan 30, 2022. The lowest current ratio was recorded on Feb 2, 2020, at 0.57.
While the current ratio of 1.00 in 2024 appears healthy, investors and analysts should consider the company's specific industry norms and compare it to peers to gain a better understanding of Chewy Inc's liquidity position. Additionally, it is essential to assess the trend over time to evaluate the company's ability to meet its short-term financial obligations consistently.
Peer comparison
Jan 28, 2024