Chewy Inc (CHWY)
Current ratio
| Oct 27, 2024 | Jul 28, 2024 | Apr 28, 2024 | Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Nov 1, 2020 | Aug 2, 2020 | May 3, 2020 | Feb 2, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,615,720 | 1,753,230 | 2,126,160 | 2,104,350 | 1,882,930 | 1,854,390 | 1,733,610 | 1,524,780 | 1,520,560 | 1,505,430 | 1,389,380 | 1,323,530 | 1,524,120 | 1,392,530 | 1,317,210 | 1,226,780 | 1,136,540 | 733,310 | 767,799 | 629,789 |
| Total current liabilities | US$ in thousands | 2,179,220 | 2,055,180 | 1,996,120 | 2,110,880 | 1,964,690 | 1,999,390 | 1,893,470 | 1,827,720 | 1,782,040 | 1,778,310 | 1,697,640 | 1,644,880 | 1,718,690 | 1,538,950 | 1,424,990 | 1,380,860 | 1,318,740 | 1,209,140 | 1,249,800 | 1,100,540 |
| Current ratio | 0.74 | 0.85 | 1.07 | 1.00 | 0.96 | 0.93 | 0.92 | 0.83 | 0.85 | 0.85 | 0.82 | 0.80 | 0.89 | 0.90 | 0.92 | 0.89 | 0.86 | 0.61 | 0.61 | 0.57 |
October 27, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,615,720K ÷ $2,179,220K
= 0.74
The current ratio for Chewy Inc has exhibited fluctuations over the past several quarters. The ratio stood at 0.74 as of October 27, 2024, indicating that the company may be facing challenges in meeting its short-term obligations with its current assets. In the preceding quarter, the current ratio improved to 0.85, suggesting a better ability to cover its current liabilities.
Looking further back, Chewy's current ratio was relatively strong at 1.07 on April 28, 2024, reflecting a healthier position in terms of liquidity. However, it dipped to 1.00 on January 28, 2024, which may indicate a slight deterioration in the company's liquidity position compared to the previous quarter.
It is noteworthy that the current ratio has generally been below 1 in recent quarters, which may raise concerns about Chewy's short-term financial health and ability to cover its current obligations. The company should closely monitor its current assets and liabilities to ensure a more stable and sustainable liquidity position in the future.
Peer comparison
Oct 27, 2024