Kroger Company (KR)
Current ratio
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 12,948,000 | 12,670,000 | 12,174,000 | 12,503,000 | 10,890,000 |
| Total current liabilities | US$ in thousands | 16,058,000 | 17,238,000 | 16,323,000 | 15,366,000 | 14,243,000 |
| Current ratio | 0.81 | 0.74 | 0.75 | 0.81 | 0.76 |
February 3, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $12,948,000K ÷ $16,058,000K
= 0.81
The current ratio of Kroger Company has shown fluctuations over the past five fiscal years. In the most recent fiscal year ended on February 3, 2024, the current ratio was 0.81. This indicates that for every dollar of current liabilities, Kroger had $0.81 in current assets available to cover those obligations.
Comparing this to the previous fiscal years, it can be observed that the current ratio was at its lowest in fiscal year 2023 at 0.74 and has ranged between 0.74 to 0.81 over the five-year period.
A current ratio below 1.0 may indicate potential liquidity issues and raises concerns about Kroger's ability to meet its short-term financial obligations with its current assets. Therefore, it is essential for Kroger to closely monitor its current ratio and take necessary actions to improve liquidity management if needed.
Peer comparison
Feb 3, 2024