Foot Locker Inc (FL)
Quick ratio
| Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 401,000 | 297,000 | 297,000 | 536,000 | 536,000 |
| Short-term investments | US$ in thousands | — | — | -46,000 | — | — |
| Receivables | US$ in thousands | — | 160,000 | — | — | 160,000 |
| Total current liabilities | US$ in thousands | 1,330,000 | 1,291,000 | 1,291,000 | 1,610,000 | 1,610,000 |
| Quick ratio | 0.30 | 0.35 | 0.19 | 0.33 | 0.43 |
January 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($401,000K
+ $—K
+ $—K)
÷ $1,330,000K
= 0.30
The quick ratio, which measures a company's ability to meet its short-term obligations with its most liquid assets, for Foot Locker Inc has fluctuated over the years based on the provided data.
As of January 28, 2023, the quick ratio was 0.43, indicating that the company had $0.43 of liquid assets available to cover each dollar of current liabilities. This suggests a relatively strong ability to meet short-term obligations at that time.
By January 31, 2024, the quick ratio had decreased significantly to 0.19, signaling a potential liquidity concern as the company had less liquid assets available to cover its short-term debts. However, by February 3, 2024, the quick ratio improved to 0.35, showing some recovery in the company's ability to meet short-term obligations.
As of January 31, 2025, the quick ratio stood at 0.30, indicating that Foot Locker Inc still had $0.30 of liquid assets for every dollar of current liabilities. While this ratio is an improvement from 2024, it remains a point of attention as it suggests that the company may continue to face challenges in meeting short-term obligations.
In summary, Foot Locker Inc's quick ratio has shown fluctuations over the years, indicating varying levels of liquidity and ability to meet short-term obligations. It is essential for the company to closely monitor its liquidity position to ensure financial stability and manage its short-term liabilities effectively.
Peer comparison
Jan 31, 2025