Five Below Inc (FIVE)

Current ratio

		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Feb 3, 2024	Jan 31, 2024	Oct 31, 2023	Oct 28, 2023	Jul 31, 2023	Jul 29, 2023	Apr 30, 2023	Apr 29, 2023	Jan 31, 2023	Jan 28, 2023	Oct 31, 2022	Oct 29, 2022	Jul 31, 2022	Jul 30, 2022	Apr 30, 2022	Jan 31, 2022
Total current assets	US$ in thousands	1,351,370	1,212,220	1,118,640	1,150,470	1,203,540	1,203,540	1,091,000	1,091,000	1,111,930	1,111,930	1,083,500	1,083,500	1,066,380	1,066,380	957,048	957,048	963,759	963,759	905,614	904,739
Total current liabilities	US$ in thousands	756,442	875,388	685,205	741,629	715,926	715,926	758,166	758,166	649,468	649,468	618,554	618,554	602,560	602,560	639,850	639,850	630,523	630,523	594,387	586,901
Current ratio		1.79	1.38	1.63	1.55	1.68	1.68	1.44	1.44	1.71	1.71	1.75	1.75	1.77	1.77	1.50	1.50	1.53	1.53	1.52	1.54

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 shown some fluctuations over the past few years. As of January 31, 2022, the current ratio was 1.54, indicating that the company had $1.54 in current assets for every $1 in current liabilities. The ratio slightly decreased to 1.52 by April 30, 2022, but then improved to 1.53 by July 30, 2022. Throughout the next few quarters, the current ratio stayed relatively stable around 1.5.

There was a notable increase in the current ratio to 1.77 by January 28, 2023, and this level was maintained until April 30, 2023. However, the ratio started to decline in the following quarters, reaching 1.44 by October 31, 2023. Subsequently, the current ratio improved to 1.68 by February 3, 2024, but then decreased to 1.55 by April 30, 2024.

As of the latest available data on January 31, 2025, the current ratio has increased to 1.79, suggesting that the company's short-term liquidity position has improved. Overall, fluctuations in the current ratio can indicate changes in the company's ability to meet its short-term obligations with its current assets.