Core & Main Inc (CNM)
Cash ratio
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | ||
|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,000 | 177,000 | 1,000 |
| Short-term investments | US$ in thousands | — | — | — |
| Total current liabilities | US$ in thousands | 774,000 | 726,000 | 839,000 |
| Cash ratio | 0.00 | 0.24 | 0.00 |
January 28, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,000K
+ $—K)
÷ $774,000K
= 0.00
The cash ratio of Core & Main Inc has shown considerable variability over the past three fiscal years. In January 2023, the cash ratio was 0.24, indicating that the company had $0.24 in cash and cash equivalents for every $1 of current liabilities. This suggests a relatively strong liquidity position at that time.
However, in January 2024 and January 2022, the cash ratio dropped to 0.00, signaling that the company had no cash and cash equivalents available to cover its current liabilities. This could raise concerns about the company's ability to meet its short-term obligations using its existing liquid assets.
Overall, the fluctuating trend in Core & Main Inc's cash ratio implies potential variability in the company's liquidity management and ability to address short-term financial obligations. Further analysis of the company's cash position and cash flow management may be warranted to assess its liquidity risk more effectively.