Five Below Inc (FIVE)

Current ratio

Jan 31, 2025 Feb 3, 2024 Jan 31, 2024 Jan 31, 2023 Jan 28, 2023
Total current assets US$ in thousands 1,351,370 1,203,540 1,203,540 1,066,380 1,066,380
Total current liabilities US$ in thousands 756,442 715,926 715,926 602,560 602,560
Current ratio 1.79 1.68 1.68 1.77 1.77

January 31, 2025 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,351,370K ÷ $756,442K
= 1.79

The current ratio of Five Below Inc has been relatively stable over the past few years, ranging from 1.68 to 1.79. This indicates that the company has consistently maintained a healthy level of current assets relative to its current liabilities, with the most recent ratio standing at 1.79 as of January 31, 2025. A current ratio above 1 suggests that the company should have sufficient short-term assets to cover its short-term liabilities. Although there was a slight dip to 1.68 in January 31, 2024, the ratio rebounded in the subsequent year, reflecting the company's ability to manage its current financial obligations effectively. Overall, Five Below Inc's current ratio demonstrates a sound financial position in terms of liquidity and short-term solvency.