Foot Locker Inc (FL)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,225,000 | 2,374,000 | 2,371,000 | 2,397,000 | 2,521,000 | 2,338,000 | 2,315,000 | 2,233,000 | 2,363,000 | 2,893,000 | 3,178,000 | 3,267,000 | 2,835,000 | 2,823,000 | 2,833,000 | 2,738,000 | 2,386,000 | 2,347,000 | 2,446,000 | 2,592,000 |
| 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 |
| Current ratio | 1.72 | 1.63 | 1.63 | 1.64 | 1.57 | 1.54 | 1.46 | 1.44 | 1.36 | 1.65 | 1.89 | 1.71 | 1.72 | 1.83 | 1.69 | 1.67 | 2.00 | 1.90 | 1.99 | 2.01 |
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 fluctuated over the past 20 reporting periods. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A higher current ratio indicates a stronger liquidity position.
From the data provided, we can see that the current ratio has ranged from a low of 1.36 to a high of 2.00. The current ratio peaked at 2.00 on Feb 1, 2020, indicating a significant increase in liquidity at that time. This could mean that Foot Locker had a higher proportion of current assets relative to its current liabilities, potentially having a better ability to meet its short-term obligations.
On the other hand, the current ratio hit a low of 1.36 on Jan 29, 2022, reflecting a tighter liquidity position compared to other periods. This could imply that Foot Locker may have had a lower proportion of current assets available to cover its short-term liabilities during that period.
Overall, the trend in the current ratio for Foot Locker Inc shows some variability, but generally staying within a range of 1.36 to 2.00 over the past 20 reporting periods. Investors and creditors typically prefer a current ratio greater than 1 as it indicates a company can meet its short-term obligations. However, it is important to analyze the current ratio in conjunction with other financial ratios and factors to assess the company's overall financial health.
Peer comparison
Feb 3, 2024