Core & Main Inc (CNM)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 8,000 | 10,000 | 13,000 | 30,000 | 1,000 | 1,000 | 101,000 | 101,000 | 20,000 | 20,000 | 1,000 | 177,000 | 177,000 | -163,000 | 0 | -166,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | 973,000 | — | 1,215,000 | — | 1,231,000 | — | — | 955,000 | — | 1,273,000 | — | 1,113,000 | — | — | 884,000 |
| 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 |
| Quick ratio | 0.01 | 0.01 | 0.01 | 0.03 | 0.00 | 1.26 | 0.11 | 1.43 | 0.02 | 1.49 | 0.00 | 0.24 | 1.56 | -0.17 | 1.29 | -0.15 | 1.05 | 0.00 | 0.00 | 1.05 |
January 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($8,000K
+ $—K
+ $—K)
÷ $866,000K
= 0.01
Core & Main Inc's quick ratio has shown fluctuating patterns over the periods covered by the data provided. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term obligations with its most liquid assets.
In the most recent periods, the quick ratio has been relatively stable, with values ranging from 0.01 to 0.24. This suggests that the company may have limited ability to cover its current liabilities with its quick assets, such as cash, cash equivalents, and accounts receivable.
It is important for investors and stakeholders to monitor Core & Main Inc's quick ratio closely to assess the company's liquidity position and its ability to meet short-term financial obligations. Additionally, management may need to focus on improving the company's liquidity position to ensure financial stability and operational flexibility in the future.