Foot Locker Inc (FL)
Current ratio
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,225,000 | 2,521,000 | 2,363,000 | 2,835,000 | 2,386,000 |
| Total current liabilities | US$ in thousands | 1,291,000 | 1,610,000 | 1,735,000 | 1,644,000 | 1,194,000 |
| Current ratio | 1.72 | 1.57 | 1.36 | 1.72 | 2.00 |
February 3, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,225,000K ÷ $1,291,000K
= 1.72
The current ratio of Foot Locker Inc has shown fluctuations over the past five years. As of February 3, 2024, the current ratio stands at 1.72, indicating that the company has $1.72 in current assets for every $1 in current liabilities. This suggests that Foot Locker Inc may possess a sufficient level of current assets to cover its short-term obligations.
Comparing this current ratio to the ratios in previous years, we observe a gradual increase from 1.36 in January 29, 2022, to the current 1.72 in 2024. The current ratio was also at 1.72 on January 30, 2021, and 2.00 on February 1, 2020. These fluctuations reflect changes in the company's liquidity position over time.
Overall, the current ratio of Foot Locker Inc has been relatively healthy in recent years, indicating the company's ability to meet its short-term financial obligations. However, it's important to consider other financial metrics and factors alongside the current ratio to gain a more comprehensive understanding of the company's financial health.
Peer comparison
Feb 3, 2024