Guess? Inc. (GES)
Current ratio
| 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 | Jan 29, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,303,750 | 1,255,860 | 1,207,530 | 1,225,470 | 1,225,470 | 1,228,490 | 1,228,490 | 1,260,070 | 1,260,070 | 1,212,680 | 1,212,680 | 1,211,700 | 1,211,700 | 1,150,530 | 1,150,530 | 1,099,000 | 1,099,000 | 1,023,380 | 1,284,090 | 1,284,090 |
| Total current liabilities | US$ in thousands | 848,783 | 855,514 | 768,118 | 791,557 | 791,557 | 836,394 | 836,394 | 857,305 | 857,305 | 829,033 | 829,033 | 763,052 | 763,052 | 732,727 | 732,727 | 760,319 | 760,319 | 758,491 | 817,874 | 817,874 |
| Current ratio | 1.54 | 1.47 | 1.57 | 1.55 | 1.55 | 1.47 | 1.47 | 1.47 | 1.47 | 1.46 | 1.46 | 1.59 | 1.59 | 1.57 | 1.57 | 1.45 | 1.45 | 1.35 | 1.57 | 1.57 |
October 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,303,750K ÷ $848,783K
= 1.54
The current ratio of Guess? Inc. has shown some fluctuations over the past few quarters. As of October 31, 2024, the current ratio stands at 1.54 compared to 1.55 on January 31, 2024. This indicates that for every dollar of liabilities due within the next year, the company has $1.54 in current assets available to cover these obligations.
While the current ratio has remained relatively stable around the 1.5 mark, it is essential to monitor this ratio over time to ensure the company maintains a healthy level of liquidity. A current ratio above 1 generally suggests that the company has enough short-term assets to cover its short-term liabilities. However, significant shifts in the current ratio could indicate potential liquidity issues or changes in the company's working capital management.