Foot Locker Inc (FL)
Cash ratio
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 297,000 | 536,000 | 804,000 | 1,680,000 | 907,000 |
| Short-term investments | US$ in thousands | — | — | — | 337,000 | — |
| Total current liabilities | US$ in thousands | 1,291,000 | 1,610,000 | 1,735,000 | 1,644,000 | 1,194,000 |
| Cash ratio | 0.23 | 0.33 | 0.46 | 1.23 | 0.76 |
February 3, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($297,000K
+ $—K)
÷ $1,291,000K
= 0.23
The cash ratio of Foot Locker Inc has been declining over the past five years, indicating a decreasing ability to cover its short-term liabilities solely with cash and cash equivalents. The ratio stood at 0.23 as of February 3, 2024, compared to 0.33 on January 28, 2023, and 0.46 on January 29, 2022. This downward trend suggests that Foot Locker Inc may have lower liquidity and may face challenges in meeting immediate obligations with its available cash resources. It is important for the company to monitor and manage its cash position efficiently to ensure it can navigate unexpected financial challenges and maintain financial stability.
Peer comparison
Feb 3, 2024