Guess? Inc. (GES)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,225,470 | 1,228,490 | 1,260,070 | 1,212,680 | 1,211,700 | 1,150,530 | 1,099,000 | 1,023,380 | 1,284,090 | 1,271,250 | 1,263,890 | 1,174,180 | 1,232,520 | 1,132,920 | 1,073,940 | 1,110,400 | 1,064,240 | 997,592 | 967,507 | 917,985 |
| Total current liabilities | US$ in thousands | 791,557 | 836,394 | 857,305 | 829,033 | 763,052 | 732,727 | 760,319 | 758,491 | 817,874 | 804,638 | 715,152 | 676,675 | 762,539 | 735,373 | 730,480 | 722,224 | 638,413 | 656,767 | 673,352 | 645,800 |
| Current ratio | 1.55 | 1.47 | 1.47 | 1.46 | 1.59 | 1.57 | 1.45 | 1.35 | 1.57 | 1.58 | 1.77 | 1.74 | 1.62 | 1.54 | 1.47 | 1.54 | 1.67 | 1.52 | 1.44 | 1.42 |
February 3, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,225,470K ÷ $791,557K
= 1.55
Guess? Inc.'s current ratio has shown fluctuations over the past few periods, ranging from a low of 1.35 to a high of 1.77. The current ratio measures the company's ability to meet its short-term obligations with its current assets. An increasing trend in the current ratio suggests improved liquidity and better ability to cover short-term liabilities.
While the current ratio has varied, the company has generally maintained a ratio above 1, indicating that it has more current assets than current liabilities. A ratio above 1 is considered healthy as it shows that the company can cover its short-term obligations.
It is worth noting that the current ratio peaked at 1.77 in July 2021, which may indicate stronger liquidity at that time. On the other hand, the ratio dipped to 1.35 in April 2022, indicating potentially tighter liquidity or higher short-term obligations compared to current assets.
Overall, the current ratio of Guess? Inc. has shown variability but has generally been at levels considered acceptable, reflecting the company's ability to meet its short-term financial obligations.