GameStop Corp (GME)
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 | 1,974,200 | 2,376,800 | 2,005,200 | 2,254,600 | 2,323,700 | 2,581,800 | 2,019,200 | 2,329,600 | 2,598,800 | 2,913,100 | 2,657,000 | 1,657,200 | 1,551,200 | 1,651,900 | 1,379,900 | 1,419,900 | 1,633,700 | 1,863,100 | 1,667,600 | 1,920,100 |
| Total current liabilities | US$ in thousands | 934,500 | 1,437,800 | 1,071,400 | 1,319,500 | 1,339,100 | 1,588,700 | 932,400 | 1,126,900 | 1,354,700 | 1,533,300 | 1,194,300 | 1,217,900 | 1,342,700 | 1,576,700 | 1,312,200 | 1,519,700 | 1,237,700 | 1,573,500 | 1,216,800 | 1,297,300 |
| Current ratio | 2.11 | 1.65 | 1.87 | 1.71 | 1.74 | 1.63 | 2.17 | 2.07 | 1.92 | 1.90 | 2.22 | 1.36 | 1.16 | 1.05 | 1.05 | 0.93 | 1.32 | 1.18 | 1.37 | 1.48 |
February 3, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,974,200K ÷ $934,500K
= 2.11
The current ratio of GameStop Corp has shown fluctuations over the past few quarters. The ratio indicates the company's ability to cover its short-term obligations with its current assets. A current ratio above 1 suggests that the company has more current assets than current liabilities.
From the data provided, we observe that GameStop's current ratio has ranged from 0.93 to 2.22 over the past several quarters. A higher current ratio, such as 2.11 in the most recent period, Feb 3, 2024, indicates a more favorable position in terms of liquidity and short-term financial health.
The ratio was lowest at 0.93 on May 2, 2020, which could have indicated potential liquidity challenges or difficulties in meeting short-term obligations at that point in time. The company's current ratio improved steadily from that point onwards, reaching its peak at 2.22 on Jul 31, 2021.
Overall, GameStop Corp's current ratio has shown variability but generally indicates an improving liquidity position in recent quarters. However, it is essential to continue monitoring this metric to ensure the company maintains a healthy balance between its current assets and current liabilities to meet its short-term financial obligations.