Core & Main Inc (CNM)
Current ratio
| Jan 31, 2025 | Jan 31, 2024 | Jan 28, 2024 | Jan 31, 2023 | Jan 29, 2023 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,025,000 | 1,773,000 | 1,773,000 | 2,211,000 | 2,211,000 |
| Total current liabilities | US$ in thousands | 866,000 | 774,000 | 774,000 | 726,000 | 726,000 |
| Current ratio | 2.34 | 2.29 | 2.29 | 3.05 | 3.05 |
January 31, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,025,000K ÷ $866,000K
= 2.34
Core & Main Inc has maintained a relatively stable current ratio over the past few years. As of January 31, 2025, the current ratio stands at 2.34, indicating that the company has $2.34 in current assets for every $1 in current liabilities. This suggests that Core & Main Inc is well-positioned to meet its short-term obligations and has a strong liquidity position. However, it's worth noting that there was a slight decrease in the current ratio from the previous year, which was 2.29. This may warrant further analysis to understand the factors contributing to this change and assess the company's ability to manage its current liabilities effectively in the future.