Foot Locker Inc (FL)
Cash 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 401,000 | 211,000 | 291,000 | 282,000 | 297,000 | 297,000 | 187,000 | 187,000 | 180,000 | 180,000 | 313,000 | 313,000 | 536,000 | 536,000 | 351,000 | 351,000 | 393,000 | 386,000 | 551,000 | 804,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 28,000 | — | — | — | — | 7,000 |
| Total current liabilities | US$ in thousands | 1,330,000 | 1,432,000 | 1,412,000 | 1,405,000 | 1,291,000 | 1,291,000 | 1,459,000 | 1,459,000 | 1,452,000 | 1,452,000 | 1,518,000 | 1,460,000 | 1,610,000 | 1,610,000 | 1,522,000 | 1,522,000 | 1,585,000 | 1,585,000 | 1,556,000 | 1,748,000 |
| Cash ratio | 0.30 | 0.15 | 0.21 | 0.20 | 0.23 | 0.23 | 0.13 | 0.13 | 0.12 | 0.12 | 0.21 | 0.21 | 0.33 | 0.33 | 0.25 | 0.23 | 0.25 | 0.24 | 0.35 | 0.46 |
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 of Foot Locker Inc over the reported periods varied between 0.12 and 0.46. The cash ratio represents a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to cover these liabilities.
The trend in Foot Locker's cash ratio shows some fluctuations, with a general downward trend observed from January 2022 to October 2024. The ratio decreased from 0.46 in January 2022 to 0.15 in October 2024. This indicates a potential reduction in the company's ability to cover its short-term obligations with cash on hand during this period.
It is important for Foot Locker Inc to monitor and manage its cash levels effectively to ensure it can meet its short-term financial obligations, maintain financial stability, and support its operations and growth strategies. A declining cash ratio may signal a need for the company to improve its liquidity management and consider strategies to boost its cash reserves.
Peer comparison
Jan 31, 2025