Foot Locker Inc (FL)
Cash 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 297,000 | 187,000 | 180,000 | 313,000 | 536,000 | 351,000 | 386,000 | 551,000 | 804,000 | 1,339,000 | 1,845,000 | 1,963,000 | 1,680,000 | 1,393,000 | 1,373,000 | 1,012,000 | 907,000 | 744,000 | 939,000 | 1,126,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | 7,000 | 762,000 | 728,000 | 342,000 | 337,000 | 340,000 | 340,000 | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,291,000 | 1,459,000 | 1,452,000 | 1,460,000 | 1,610,000 | 1,522,000 | 1,585,000 | 1,556,000 | 1,735,000 | 1,757,000 | 1,681,000 | 1,913,000 | 1,644,000 | 1,542,000 | 1,672,000 | 1,643,000 | 1,194,000 | 1,237,000 | 1,229,000 | 1,290,000 |
| Cash ratio | 0.23 | 0.13 | 0.12 | 0.21 | 0.33 | 0.23 | 0.24 | 0.35 | 0.47 | 1.20 | 1.53 | 1.20 | 1.23 | 1.12 | 1.02 | 0.62 | 0.76 | 0.60 | 0.76 | 0.87 |
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 varied over the past several quarters. The ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents.
The cash ratio has fluctuated between 0.12 to 1.53 over the period, indicating that there have been significant changes in the company's liquidity position. A lower cash ratio suggests a lower ability to cover short-term liabilities with cash on hand, whereas a higher cash ratio indicates a stronger liquidity position.
In the most recent quarter, the cash ratio was 0.23, indicating that Foot Locker Inc had $0.23 in cash and cash equivalents for every $1 of short-term liabilities. This suggests that the company may have had a relatively lower liquidity position compared to the previous quarter's cash ratio of 0.13.
Overall, it is important to monitor the cash ratio of Foot Locker Inc over time to assess its liquidity and ability to meet short-term obligations.
Peer comparison
Feb 3, 2024