GameStop Corp (GME)
Current ratio
| Jan 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 5,355,000 | 5,623,300 | 4,883,900 | 1,879,700 | 1,974,200 | 1,974,200 | 2,376,800 | 2,376,800 | 2,005,200 | 2,005,200 | 2,254,600 | 2,254,600 | 2,323,700 | 2,323,700 | 2,581,800 | 2,581,800 | 2,019,200 | 2,019,200 | 2,329,600 | 2,598,800 |
| Total current liabilities | US$ in thousands | 665,400 | 1,099,600 | 783,500 | 848,300 | 934,500 | 934,500 | 1,437,800 | 1,437,800 | 1,071,400 | 1,071,400 | 1,319,500 | 1,319,500 | 1,339,100 | 1,339,100 | 1,588,700 | 1,588,700 | 932,400 | 932,400 | 1,126,900 | 1,354,700 |
| Current ratio | 8.05 | 5.11 | 6.23 | 2.22 | 2.11 | 2.11 | 1.65 | 1.65 | 1.87 | 1.87 | 1.71 | 1.71 | 1.74 | 1.74 | 1.63 | 1.63 | 2.17 | 2.17 | 2.07 | 1.92 |
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 fluctuations over the past few years, ranging from a low of 1.63 to a high of 8.05 as of January 31, 2025. The current ratio measures the company's ability to cover its short-term obligations with its current assets.
During the period, the current ratio generally remained above 1, indicating that GameStop Corp had more current assets than current liabilities, which is a positive sign of liquidity. However, it's worth noting that the current ratio decreased to 1.63 in October 2022 and stayed relatively low until January 31, 2024.
Subsequently, the current ratio increased significantly to 6.23 as of July 31, 2024, and then decreased to 5.11 by October 31, 2024. Such a high current ratio in mid-2024 may suggest that GameStop Corp had a strong ability to cover its short-term obligations with current assets at that point in time.
Overall, while the current ratio of GameStop Corp has been fluctuating, it is crucial to closely monitor this ratio to assess the company's liquidity position and its ability to meet its short-term financial obligations efficiently.