Kroger Company (KR)
Cash ratio
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Feb 3, 2024 | Jan 31, 2024 | Nov 4, 2023 | Oct 31, 2023 | Aug 12, 2023 | Jul 31, 2023 | May 20, 2023 | Apr 30, 2023 | Jan 31, 2023 | Jan 28, 2023 | Nov 5, 2022 | Oct 31, 2022 | Aug 13, 2022 | Jul 31, 2022 | May 21, 2022 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 216,000 | 13,358,000 | 2,786,000 | 2,846,000 | 1,883,000 | 1,883,000 | 1,725,000 | 1,725,000 | 2,420,000 | 2,420,000 | 2,632,000 | 2,632,000 | 1,015,000 | 1,015,000 | 916,000 | 916,000 | 1,102,000 | 1,102,000 | 1,382,000 | 1,382,000 |
| Short-term investments | US$ in thousands | 1,312,000 | 1,082,000 | 1,091,000 | 1,226,000 | — | 1,215,000 | — | 1,197,000 | — | 1,141,000 | — | 1,143,000 | 1,127,000 | — | — | 1,209,000 | — | 1,087,000 | 1,110,000 | 1,110,000 |
| Total current liabilities | US$ in thousands | 15,859,000 | 16,274,000 | 16,132,000 | 16,378,000 | 16,058,000 | 16,058,000 | 16,785,000 | 16,785,000 | 16,537,000 | 16,537,000 | 17,130,000 | 17,130,000 | 17,238,000 | 17,238,000 | 17,738,000 | 17,738,000 | 16,566,000 | 16,566,000 | 16,238,000 | 16,238,000 |
| Cash ratio | 0.10 | 0.89 | 0.24 | 0.25 | 0.12 | 0.19 | 0.10 | 0.17 | 0.15 | 0.22 | 0.15 | 0.22 | 0.12 | 0.06 | 0.05 | 0.12 | 0.07 | 0.13 | 0.15 | 0.15 |
January 31, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($216,000K
+ $1,312,000K)
÷ $15,859,000K
= 0.10
The cash ratio of Kroger Company has shown some fluctuations over the period from April 2022 to January 2025. The ratio ranged from a low of 0.05 on November 5, 2022, to a high of 0.89 on October 31, 2024, indicating variability in the company's ability to cover its short-term liabilities with its cash reserves.
Overall, it is important to note that a cash ratio below 1 may indicate that Kroger Company may have limited cash on hand to cover its current liabilities in the short term. The ratio improved significantly from October 2023 to April 2024, reaching 0.25 and 0.24 respectively, suggesting a healthier liquidity position during these periods.
However, the ratio decreased to 0.10 on January 31, 2025, which may raise concerns about the company's liquidity in meeting its short-term obligations. It is advisable for Kroger Company to carefully monitor its cash reserves and manage its liquidity effectively to ensure it can meet its financial obligations as they become due.
Peer comparison
Jan 31, 2025