Foot Locker Inc (FL)
Cash ratio
| Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 401,000 | 297,000 | 297,000 | 536,000 | 536,000 |
| Short-term investments | US$ in thousands | — | — | -46,000 | — | — |
| Total current liabilities | US$ in thousands | 1,330,000 | 1,291,000 | 1,291,000 | 1,610,000 | 1,610,000 |
| Cash ratio | 0.30 | 0.23 | 0.19 | 0.33 | 0.33 |
January 31, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($401,000K
+ $—K)
÷ $1,330,000K
= 0.30
The cash ratio for Foot Locker Inc has shown some fluctuation over the past few years. Starting at 0.33 in January 28, 2023, it maintained the same level in January 31, 2023. However, there was a notable decrease to 0.19 in January 31, 2024, followed by a slight improvement to 0.23 in February 3, 2024. This ratio indicates that Foot Locker Inc had $0.33 of cash for every dollar of current liabilities in January 28, 2023, which decreased to $0.19 in January 31, 2024. The latest data point shows a slight recovery to 0.30 in January 31, 2025, albeit still lower than the initial levels. The downward trend from 2023 to 2024 could indicate potential liquidity challenges or inefficiencies in managing current liabilities with available cash. It is essential for Foot Locker Inc to closely monitor and manage its cash position to ensure it can meet its short-term obligations effectively.
Peer comparison
Jan 31, 2025