The Gap, Inc. (GAP)
Current ratio
| Feb 1, 2025 | Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 5,203,000 | 4,395,000 | 4,617,000 | 5,165,000 | 6,008,000 |
| Total current liabilities | US$ in thousands | 3,256,000 | 3,096,000 | 3,256,000 | 4,077,000 | 3,884,000 |
| Current ratio | 1.60 | 1.42 | 1.42 | 1.27 | 1.55 |
February 1, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $5,203,000K ÷ $3,256,000K
= 1.60
The current ratio for The Gap, Inc. has shown some fluctuations over the past five years. Starting at 1.55 in January 30, 2021, it decreased to 1.27 by January 29, 2022, indicating a potential liquidity concern. However, the ratio then improved to 1.42 by both January 28, 2023, and February 3, 2024, suggesting a better short-term liquidity position. By February 1, 2025, the current ratio rose to 1.60, signifying further improvement in the company's ability to meet its short-term obligations with current assets. Overall, the trend in the current ratio indicates varying levels of liquidity for The Gap, Inc., with recent years demonstrating a positive trajectory.
Peer comparison
Feb 1, 2025