Designer Brands Inc (DBI)
Current ratio
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 777,432 | 789,931 | 914,216 | 780,585 | 900,810 |
| Total current liabilities | US$ in thousands | 622,271 | 636,126 | 758,917 | 752,683 | 680,031 |
| Current ratio | 1.25 | 1.24 | 1.20 | 1.04 | 1.32 |
February 3, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $777,432K ÷ $622,271K
= 1.25
The current ratio of Designer Brands Inc has shown fluctuating trends over the past five years. As of February 3, 2024, the current ratio stood at 1.25, indicating that the company had $1.25 in current assets for every $1 in current liabilities. Compared to the prior year's ratio of 1.24, there has been a slight improvement in the company's ability to cover short-term obligations.
Looking back further, we observe that the current ratio was 1.20 on January 29, 2022, showing a moderate increase from the previous year. However, on January 30, 2021, the ratio notably decreased to 1.04, signaling a potential liquidity concern as the company may have had difficulties meeting its immediate financial obligations.
In contrast, on February 1, 2020, the current ratio was at a healthier level of 1.32, indicating stronger short-term financial position compared to the most recent year. Overall, although the current ratio has varied over the years, it is essential for investors and stakeholders to monitor this ratio closely to assess Designer Brands Inc's liquidity and short-term solvency.
Peer comparison
Feb 3, 2024