Core & Main Inc (CNM)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,773,000 | 2,171,000 | 2,182,000 | 2,166,000 | 2,211,000 | 2,455,000 | 2,461,000 | 2,202,000 | 1,767,000 | 1,696,900 | 1,508,300 |
| 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 |
| Current ratio | 2.29 | 2.36 | 2.59 | 2.71 | 3.05 | 2.49 | 2.28 | 2.07 | 2.11 | 2.01 | 2.03 |
January 28, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,773,000K ÷ $774,000K
= 2.29
Core & Main Inc's current ratio has shown some fluctuations over the past year. The current ratio, which measures the company's ability to cover its short-term liabilities with its current assets, has ranged from a low of 2.01 in October 2021 to a high of 3.05 in January 2023.
The current ratio has generally been above 2, indicating that Core & Main Inc has a healthy liquidity position and should be able to meet its short-term obligations comfortably. However, the ratio has shown some variability, which may reflect changes in the company's working capital management or the nature of its current assets and liabilities.
Overall, the current ratio trend of Core & Main Inc suggests that the company has maintained a solid financial position in terms of its short-term liquidity over the past year.