Core & Main Inc (CNM)
Cash ratio
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Jan 28, 2024 | Oct 31, 2023 | Oct 29, 2023 | Jul 31, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 31, 2023 | Jan 29, 2023 | Oct 31, 2022 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Apr 30, 2022 | Jan 31, 2022 | Jan 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 8,000 | 10,000 | 13,000 | 30,000 | 1,000 | 1,000 | 101,000 | 101,000 | 20,000 | 20,000 | 1,000 | 177,000 | 177,000 | -163,000 | 0 | -166,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 866,000 | 1,114,000 | 1,012,000 | 1,038,000 | 774,000 | 774,000 | 921,000 | 921,000 | 842,000 | 842,000 | 798,000 | 726,000 | 726,000 | 987,000 | 987,000 | 1,079,000 | 1,066,000 | 1,066,000 | 839,000 | 839,000 |
| Cash ratio | 0.01 | 0.01 | 0.01 | 0.03 | 0.00 | 0.00 | 0.11 | 0.11 | 0.02 | 0.02 | 0.00 | 0.24 | 0.24 | -0.17 | 0.00 | -0.15 | 0.00 | 0.00 | 0.00 | 0.00 |
January 31, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($8,000K
+ $—K)
÷ $866,000K
= 0.01
Core & Main Inc's cash ratio has fluctuated over the period from January 30, 2022, to January 31, 2025. The cash ratio measures a company's ability to cover its short-term liabilities with its available cash and cash equivalents. A cash ratio of 0.00 indicates that the company had no cash on hand to cover its current liabilities during certain periods.
It is notable that the cash ratio fell into negative territory, indicating that Core & Main Inc had more short-term liabilities than available cash during some periods, such as July 31, 2022, and October 31, 2022. This can be a concerning sign as it implies a potential liquidity issue for the company.
However, the cash ratio improved significantly in subsequent periods, reaching 0.24 on January 29, 2023, and maintaining a stable level thereafter. A cash ratio of 0.24 implies that Core & Main Inc had more than enough cash to cover its short-term liabilities during those periods.
Overall, the analysis of Core & Main Inc's cash ratio suggests that the company experienced fluctuations in its liquidity position but managed to improve its ability to cover short-term obligations over the period under review.