Guess? Inc. (GES)
Current ratio
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,225,470 | 1,211,700 | 1,284,090 | 1,232,520 | 1,064,240 |
| Total current liabilities | US$ in thousands | 791,557 | 763,052 | 817,874 | 762,539 | 638,413 |
| Current ratio | 1.55 | 1.59 | 1.57 | 1.62 | 1.67 |
February 3, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,225,470K ÷ $791,557K
= 1.55
The current ratio of Guess? Inc. has shown a slight decreasing trend over the past five years, with the ratio decreasing from 1.67 in February 2020 to 1.55 in February 2024. This indicates that the company's current assets relative to its current liabilities have been declining gradually over this period.
A current ratio above 1 is generally considered healthy, as it suggests that the company has sufficient current assets to cover its current liabilities. Guess? Inc.'s current ratio has consistently remained above 1 in the past five years, indicating that the company has generally been able to meet its short-term obligations.
Although the current ratio has decreased over the years, the ratios are still relatively close to each other, indicating a level of stability in the company's current financial position. It's essential for Guess? Inc. to continue monitoring and managing its current assets and liabilities effectively to ensure it maintains a healthy balance between the two in the future.