Kroger Company (KR)

Current ratio

Feb 3, 2024 Nov 4, 2023 Aug 12, 2023 May 20, 2023 Jan 28, 2023 Nov 5, 2022 Aug 13, 2022 May 21, 2022 Jan 29, 2022 Nov 6, 2021 Aug 14, 2021 May 22, 2021 Jan 30, 2021 Nov 7, 2020 May 23, 2020 Feb 1, 2020 Nov 9, 2019 Aug 17, 2019 May 25, 2019 Feb 2, 2019
Total current assets US$ in thousands 12,948,000 13,439,000 12,851,000 13,204,000 12,670,000 13,403,000 11,909,000 12,276,000 12,174,000 13,380,000 12,332,000 12,545,000 12,503,000 12,946,000 12,175,000 10,890,000 11,025,000 10,140,000 10,162,000 10,803,000
Total current liabilities US$ in thousands 16,058,000 16,785,000 16,537,000 17,130,000 17,238,000 17,738,000 16,566,000 16,238,000 16,323,000 16,798,000 15,603,000 15,210,000 15,366,000 15,517,000 14,671,000 14,243,000 14,118,000 13,350,000 13,575,000 14,274,000
Current ratio 0.81 0.80 0.78 0.77 0.74 0.76 0.72 0.76 0.75 0.80 0.79 0.82 0.81 0.83 0.83 0.76 0.78 0.76 0.75 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 some fluctuations over the past few quarters. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A higher current ratio indicates a stronger ability to meet short-term obligations.

From the data provided, we can see that Kroger's current ratio has ranged from 0.72 to 0.83 over the past few years. The current ratio was relatively stable in the range of 0.76 to 0.83 from February 2020 to August 2021 before showing some variability in subsequent quarters.

The current ratio dipped to 0.74 in January 2023 but recovered slightly in the following quarters. It reached its highest point of 0.83 in May 2021 and November 2020. However, it dropped to 0.72 in August 2022 before gradually improving to 0.81 in February 2024.

Overall, the current ratio of Kroger Company has shown some fluctuations but has generally remained within a reasonable range, indicating that the company has been able to maintain a sufficient level of current assets to cover its short-term liabilities. It is essential for investors and stakeholders to continue monitoring this ratio to assess the company's liquidity position.


Peer comparison

Feb 3, 2024

Company name
Symbol
Current ratio
Kroger Company
KR
0.81
Grocery Outlet Holding Corp
GO
1.35
Sprouts Farmers Market LLC
SFM
1.10