Foot Locker Inc (FL)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 297,000 | 187,000 | 180,000 | 313,000 | 536,000 | 351,000 | 386,000 | 551,000 | 804,000 | 1,339,000 | 1,845,000 | 1,963,000 | 1,680,000 | 1,393,000 | 1,373,000 | 1,012,000 | 907,000 | 744,000 | 939,000 | 1,126,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | 7,000 | 762,000 | 728,000 | 342,000 | 337,000 | 340,000 | 340,000 | — | — | — | — | — |
| Receivables | US$ in thousands | 160,000 | — | — | — | 160,000 | — | — | — | 134,000 | — | — | — | 124,000 | — | — | — | 100,000 | — | — | — |
| 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 |
| 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 |
February 3, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($297,000K
+ $—K
+ $160,000K)
÷ $1,291,000K
= 0.35
The quick ratio of Foot Locker Inc has exhibited fluctuations over the analyzed periods. The quick ratio, which measures the company's ability to meet its short-term obligations with its most liquid assets, stood at 0.35 as of February 3, 2024. This indicates that for every dollar of current liabilities, Foot Locker had $0.35 of quick assets available to cover these obligations.
The ratio has shown variability in recent quarters, with lower values recorded in the last several quarters, reaching as low as 0.12 in July 29, 2023, and 0.13 in October 28, 2023. This suggests that Foot Locker may have encountered challenges in meeting its short-term obligations with its liquid assets during these periods.
However, there have been periods of improvement in the quick ratio, such as in October 30, 2021, and July 31, 2021, where the ratio was 1.20 and 1.53, respectively. These higher values indicate that Foot Locker had a significant amount of quick assets relative to its current liabilities during those periods.
Overall, the fluctuating trend in Foot Locker's quick ratio suggests varying levels of liquidity management and efficiency in meeting short-term obligations. It would be important to monitor future changes in the quick ratio to assess the company's liquidity position accurately.
Peer comparison
Feb 3, 2024