Foot Locker Inc (FL)
Quick ratio
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Feb 3, 2024 | Jan 31, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 401,000 | 211,000 | 291,000 | 282,000 | 297,000 | 297,000 | 187,000 | 187,000 | 180,000 | 180,000 | 313,000 | 313,000 | 536,000 | 536,000 | 351,000 | 351,000 | 393,000 | 386,000 | 551,000 | 804,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 28,000 | — | — | — | — | 7,000 |
| Receivables | US$ in thousands | — | — | — | — | 160,000 | — | — | — | — | — | — | — | — | 160,000 | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,330,000 | 1,432,000 | 1,412,000 | 1,405,000 | 1,291,000 | 1,291,000 | 1,459,000 | 1,459,000 | 1,452,000 | 1,452,000 | 1,518,000 | 1,460,000 | 1,610,000 | 1,610,000 | 1,522,000 | 1,522,000 | 1,585,000 | 1,585,000 | 1,556,000 | 1,748,000 |
| Quick ratio | 0.30 | 0.15 | 0.21 | 0.20 | 0.35 | 0.23 | 0.13 | 0.13 | 0.12 | 0.12 | 0.21 | 0.21 | 0.33 | 0.43 | 0.25 | 0.23 | 0.25 | 0.24 | 0.35 | 0.46 |
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 of Foot Locker Inc has been fluctuating over the reported periods. The quick ratio measures the company's ability to meet its short-term liabilities with its most liquid assets. A quick ratio below 1 indicates potential liquidity issues.
In January 2022, the quick ratio was 0.46, indicating that the company had $0.46 in liquid assets available to cover each $1 of current liabilities. The quick ratio decreased to 0.35 by April 2022, showing a potential decrease in liquidity. It further declined to 0.24 by July 2022 and slightly improved to 0.25 by October 2022 and July 2023. However, in January 2023, the quick ratio saw an increase to 0.43, which then dropped to 0.33 by April 2023.
Throughout the subsequent periods, the quick ratio continued to fluctuate, reaching its lowest point of 0.12 in July 2023, indicating a significant decrease in liquidity. It slightly improved to 0.13 by October 2023. The quick ratio then increased to 0.35 in February 2024, suggesting improved liquidity. However, by October 2024, the quick ratio declined to 0.15, reflecting potential liquidity concerns.
Overall, the quick ratio of Foot Locker Inc has shown variability, indicating fluctuations in the company's ability to cover its short-term obligations with its liquid assets. It is essential for the company to closely monitor its liquidity position to ensure it can meet its short-term financial commitments effectively.
Peer comparison
Jan 31, 2025