Five Below Inc (FIVE)

Current ratio

		Feb 3, 2024	Oct 28, 2023	Jul 29, 2023	Apr 29, 2023	Jan 28, 2023	Oct 29, 2022	Jul 30, 2022	Apr 30, 2022	Jan 29, 2022	Oct 30, 2021	Jul 31, 2021	May 1, 2021	Jan 30, 2021	Oct 31, 2020	Aug 1, 2020	May 2, 2020	Feb 1, 2020	Nov 2, 2019	Aug 3, 2019	May 4, 2019
Total current assets	US$ in thousands	1,203,540	1,091,000	1,111,930	1,083,500	1,066,380	957,048	963,759	905,614	904,739	933,916	839,340	767,592	755,413	712,278	570,526	573,030	665,713	625,970	605,103	605,774
Total current liabilities	US$ in thousands	715,926	758,166	649,468	618,554	602,560	639,850	630,523	594,387	586,901	613,602	501,850	465,593	435,670	496,844	366,193	363,787	351,345	397,803	305,861	320,875
Current ratio		1.68	1.44	1.71	1.75	1.77	1.50	1.53	1.52	1.54	1.52	1.67	1.65	1.73	1.43	1.56	1.58	1.89	1.57	1.98	1.89

February 3, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,203,540K ÷ $715,926K
= 1.68

The current ratio of Five Below Inc has shown some fluctuations over the past several quarters. The ratio measures the company's ability to cover its short-term liabilities with its current assets.

The current ratio has ranged from a low of 1.43 to a high of 1.98 over the last couple of years. This indicates that the company has generally maintained a healthy level of current assets to cover its current liabilities, with a ratio above 1 indicating that the company has more current assets than current liabilities.

In the most recent period, as of February 3, 2024, the current ratio stood at 1.68, indicating that the company had $1.68 in current assets for every dollar of current liabilities. This is a positive sign, as it suggests the company is able to meet its short-term obligations comfortably.

Overall, while there have been fluctuations in the current ratio from quarter to quarter, Five Below Inc has generally maintained a solid current ratio, reflecting its strong financial position in terms of liquidity.