Foot Locker Inc (FL)
Liquidity ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Quick ratio | 0.35 | 0.13 | 0.12 | 0.21 | 0.43 | 0.23 | 0.24 | 0.35 | 0.54 | 1.20 | 1.53 | 1.20 | 1.30 | 1.12 | 1.02 | 0.62 | 0.84 | 0.60 | 0.76 | 0.87 |
| 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 |
The current ratio for Foot Locker Inc has been relatively stable over the past two years, ranging between 1.36 and 2.00. This indicates that the company's current assets are generally sufficient to cover its current liabilities.
On the other hand, the quick ratio has shown more variability, with values fluctuating between 0.12 and 1.53. This suggests that the company's ability to meet its short-term obligations with its most liquid assets (such as cash and accounts receivable) has been more inconsistent.
The cash ratio, which is the most stringent measure of liquidity, has also fluctuated over the same period, ranging from 0.12 to 1.53. Despite some variability, the cash ratio generally indicates the company's ability to cover its current liabilities solely with its cash and cash equivalents.
Overall, while the current ratio suggests Foot Locker Inc has adequate liquidity in the short term, the lower values of the quick and cash ratios at certain points emphasize the importance of monitoring the company's ability to meet its immediate financial obligations with its most liquid assets.
Additional liquidity measure
| 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 conversion cycle | days | 59.23 | 81.16 | 83.43 | 80.58 | 77.60 | 71.98 | 65.24 | 51.20 | 47.11 | 44.64 | 33.68 | 22.73 | 53.84 | 62.63 | 101.21 | 4,632.69 | 4,994.79 | 10,690.97 | 9,204.84 | 13,209.52 |
The cash conversion cycle of Foot Locker Inc has fluctuated over the periods indicated. The company's cash conversion cycle represents the average number of days it takes for the company to convert its resources into cash flow, reflecting its efficiency in managing working capital.
In recent periods, Foot Locker Inc has shown variability in its cash conversion cycle, with some periods showing a longer cycle than others. A longer cash conversion cycle may indicate inefficiencies in managing inventory, collecting receivables, or paying suppliers.
An unusually high cash conversion cycle in specific periods, such as in August 2020 and February 2020, likely resulted from anomalies or errors in reporting rather than an accurate reflection of the company's operations.
Overall, it is essential for Foot Locker Inc to monitor and manage its cash conversion cycle effectively to ensure optimal utilization of its resources and maintain healthy cash flow levels.