Kroger Company (KR)
Cash ratio
| Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 3,959,000 | 1,883,000 | 1,883,000 | 828,000 | 1,015,000 |
| Short-term investments | US$ in thousands | 1,312,000 | — | 1,215,000 | 1,227,000 | — |
| Total current liabilities | US$ in thousands | 15,859,000 | 16,058,000 | 16,058,000 | 16,649,000 | 17,238,000 |
| Cash ratio | 0.33 | 0.12 | 0.19 | 0.12 | 0.06 |
January 31, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($3,959,000K
+ $1,312,000K)
÷ $15,859,000K
= 0.33
The cash ratio of Kroger Company has shown fluctuations over the past few years based on the available data. As of January 28, 2023, the cash ratio stood at 0.06, indicating a relatively low level of cash and cash equivalents to current liabilities. However, by January 31, 2024, the cash ratio improved to 0.19, suggesting an increased ability to cover short-term obligations through available cash.
Subsequently, by January 31, 2025, the cash ratio further improved to 0.33, showcasing a significant enhancement in the company's liquidity position. However, there was a slight decline by February 3, 2024, where the cash ratio dropped back to 0.12.
Overall, the trend indicates that Kroger Company has made improvements in managing its cash position and maintaining liquidity to meet its short-term obligations. This suggests a positive indication of the company's ability to weather financial uncertainties and cover its immediate financial needs using cash reserves.
Peer comparison
Jan 31, 2025