GameStop Corp (GME)
Current ratio
| Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 5,355,000 | 1,974,200 | 1,974,200 | 2,323,700 | 2,323,700 |
| Total current liabilities | US$ in thousands | 665,400 | 934,500 | 934,500 | 1,339,100 | 1,339,100 |
| Current ratio | 8.05 | 2.11 | 2.11 | 1.74 | 1.74 |
January 31, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $5,355,000K ÷ $665,400K
= 8.05
The current ratio of GameStop Corp has shown a generally positive trend over the analyzed period. As of January 28, 2023, and January 31, 2023, the current ratio stood at 1.74, indicating that the company had sufficient current assets to cover its current liabilities. This ratio remained stable in the short term, maintaining the same level until January 31, 2024, and February 3, 2024.
However, there was a notable increase in the current ratio to 2.11 as of January 31, 2024, and February 3, 2024, suggesting improved liquidity and a stronger ability to meet short-term obligations. This positive trend continued into the latest reported period on January 31, 2025, where the current ratio significantly jumped to 8.05, indicating GameStop Corp's current assets significantly exceeded its current liabilities.
Overall, the increasing current ratio reflects a strengthening liquidity position for GameStop Corp, potentially signaling improved financial stability and a better ability to meet its short-term obligations.