Core & Main Inc (CNM)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,025,000 | 2,381,000 | 2,318,000 | 2,223,000 | 1,773,000 | 1,773,000 | 2,171,000 | 2,171,000 | 2,182,000 | 2,182,000 | 2,166,000 | 2,211,000 | 2,211,000 | 2,455,000 | 2,455,000 | 2,461,000 | 2,202,000 | 2,202,000 | 1,767,000 | 1,767,000 |
| 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 |
| Current ratio | 2.34 | 2.14 | 2.29 | 2.14 | 2.29 | 2.29 | 2.36 | 2.36 | 2.59 | 2.59 | 2.71 | 3.05 | 3.05 | 2.49 | 2.49 | 2.28 | 2.07 | 2.07 | 2.11 | 2.11 |
January 31, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,025,000K ÷ $866,000K
= 2.34
The current ratio of Core & Main Inc has shown some fluctuations over the past few periods. The ratio was stable around 2.1 in the first half of 2022, indicating that the company had a healthy level of current assets to cover its short-term liabilities.
However, there was a slight decrease in the current ratio in the second half of 2022, with the ratio dropping to 2.07 by the end of October 2022. This could suggest a potential strain on the company's liquidity position or a shift in its current asset composition.
The current ratio then improved significantly to 3.05 by the end of January 2023, indicating a substantial increase in current assets relative to short-term liabilities. This could signal improved liquidity and financial health for the company during that period.
Subsequently, the current ratio fluctuated between 2.36 and 2.71 throughout the rest of 2023 and into early 2024. This range suggests that Core & Main Inc maintained a relatively stable liquidity position during this period.
Overall, while there have been some fluctuations in the current ratio of Core & Main Inc, the company has generally maintained a strong liquidity position with ratios consistently above 2.0, indicating a healthy ability to meet its short-term obligations.