Core & Main Inc (CNM)
Cash ratio
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,000 | 101,000 | 20,000 | 1,000 | 177,000 | 0 | 0 | 1,000 | 1,000 | 4,900 | 66,600 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 774,000 | 921,000 | 842,000 | 798,000 | 726,000 | 987,000 | 1,079,000 | 1,066,000 | 839,000 | 842,600 | 744,800 |
| Cash ratio | 0.00 | 0.11 | 0.02 | 0.00 | 0.24 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.09 |
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 variability over the past several quarters. The cash ratio measures a company's ability to cover its short-term liabilities with its available cash and cash equivalents. A higher cash ratio indicates a stronger ability to cover short-term obligations.
In the latest quarter, as of January 28, 2024, the cash ratio was reported as 0.00, indicating that the company did not have sufficient cash to cover its short-term liabilities. This could raise concerns about the company's liquidity position in that specific period.
Looking back at the previous quarters, the cash ratio fluctuated, with notable improvements seen in the quarters ending October 29, 2023, and January 29, 2023, where the ratios were 0.11 and 0.24 respectively. These quarters demonstrated better liquidity positions compared to the latest quarter.
However, there were also periods, such as the quarter ending July 30, 2023, where the cash ratio was only 0.02, indicating a lower ability to cover short-term obligations with cash on hand.
Overall, the trend in the cash ratio for Core & Main Inc has been inconsistent, with fluctuations observed in different quarters. Investors and stakeholders should closely monitor the company's cash management and liquidity position to ensure its ability to meet short-term obligations efficiently.