The Gap, Inc. (GAP)
Current ratio
| Feb 1, 2025 | Nov 2, 2024 | Aug 3, 2024 | May 4, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 5,203,000 | 5,130,000 | 4,809,000 | 4,197,000 | 4,395,000 | 4,374,000 | 4,239,000 | 4,283,000 | 4,617,000 | 5,038,000 | 4,949,000 | 5,005,000 | 5,165,000 | 5,207,000 | 6,194,000 | 6,002,000 | 6,008,000 | 6,362,000 | 5,337,000 | 4,216,000 |
| Total current liabilities | US$ in thousands | 3,256,000 | 3,325,000 | 3,224,000 | 2,806,000 | 3,096,000 | 3,139,000 | 3,007,000 | 2,918,000 | 3,256,000 | 3,381,000 | 3,614,000 | 3,472,000 | 4,077,000 | 3,823,000 | 3,651,000 | 3,638,000 | 3,884,000 | 4,431,000 | 3,649,000 | 3,431,000 |
| Current ratio | 1.60 | 1.54 | 1.49 | 1.50 | 1.42 | 1.39 | 1.41 | 1.47 | 1.42 | 1.49 | 1.37 | 1.44 | 1.27 | 1.36 | 1.70 | 1.65 | 1.55 | 1.44 | 1.46 | 1.23 |
February 1, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $5,203,000K ÷ $3,256,000K
= 1.60
The current ratio of The Gap, Inc. has shown fluctuations over the past few years based on the provided data. The current ratio measures the company's ability to meet its short-term obligations with its current assets.
From May 2, 2020, to February 1, 2025, the current ratio ranged between 1.23 and 1.70. The ratio increased from 1.23 on May 2, 2020, to a peak of 1.70 on July 31, 2021, indicating an improvement in the company's short-term liquidity position.
Subsequently, the current ratio fluctuated within the range of 1.27 to 1.60. Despite the slight fluctuations, the current ratio generally stayed above 1, which suggests that The Gap, Inc. had more current assets than current liabilities during this period.
Overall, the current ratio trend of The Gap, Inc. reflects a relatively stable short-term liquidity position, with the company maintaining a sufficient level of current assets to cover its short-term obligations.
Peer comparison
Feb 1, 2025