Foot Locker Inc (FL)
Current ratio
| Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,259,000 | 2,225,000 | 2,225,000 | 2,521,000 | 2,521,000 |
| Total current liabilities | US$ in thousands | 1,330,000 | 1,291,000 | 1,291,000 | 1,610,000 | 1,610,000 |
| Current ratio | 1.70 | 1.72 | 1.72 | 1.57 | 1.57 |
January 31, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,259,000K ÷ $1,330,000K
= 1.70
The current ratio for Foot Locker Inc has shown stability and improvement over the past few years. As of January 31, 2025, the current ratio stands at 1.70, indicating that the company's current assets exceed its current liabilities by a factor of 1.70. This suggests that Foot Locker Inc is in a strong position to meet its short-term obligations using its current assets.
The trend of the current ratio over the years has been positive, with a gradual increase from 1.57 in January 28, 2023, to 1.70 in January 31, 2025. This improvement reflects the company's efficient management of its current assets and liabilities.
A current ratio above 1 indicates that Foot Locker Inc has more than enough current assets to cover its short-term liabilities, providing a buffer against financial strain. However, it is essential to monitor this ratio over time to ensure that the company maintains a healthy balance between its current assets and liabilities for sustained financial stability.
Peer comparison
Jan 31, 2025