Core & Main Inc (CNM)
Current ratio
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | ||
|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,773,000 | 2,211,000 | 1,767,000 |
| Total current liabilities | US$ in thousands | 774,000 | 726,000 | 839,000 |
| Current ratio | 2.29 | 3.05 | 2.11 |
January 28, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,773,000K ÷ $774,000K
= 2.29
The current ratio of Core & Main Inc has shown fluctuations over the last three fiscal years. As of January 28, 2024, the current ratio stands at 2.29, reflecting a decrease from the previous year's 3.05. This decline indicates a potential decrease in the company's ability to cover its short-term obligations with its current assets. However, compared to January 30, 2022, where the current ratio was 2.11, the current ratio has improved, suggesting enhanced liquidity and a better ability to meet short-term liabilities. This fluctuation in the current ratio may be attributed to changes in the company's current assets and current liabilities composition over the years. Further analysis of the individual components contributing to the current ratio would provide more insights into the company's liquidity position.