Kroger Company (KR)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 15,273,000 | 25,025,000 | 14,063,000 | 14,163,000 | 12,948,000 | 12,948,000 | 13,439,000 | 13,439,000 | 12,851,000 | 12,851,000 | 13,204,000 | 13,204,000 | 12,670,000 | 12,670,000 | 13,403,000 | 13,403,000 | 11,909,000 | 11,909,000 | 12,276,000 | 12,276,000 |
| 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 |
| Current ratio | 0.96 | 1.54 | 0.87 | 0.86 | 0.81 | 0.81 | 0.80 | 0.80 | 0.78 | 0.78 | 0.77 | 0.77 | 0.74 | 0.74 | 0.76 | 0.76 | 0.72 | 0.72 | 0.76 | 0.76 |
January 31, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $15,273,000K ÷ $15,859,000K
= 0.96
The current ratio of Kroger Company has shown fluctuation over the past few periods, ranging from 0.72 to 1.54 as per the provided data. A current ratio below 1 indicates that the company may have difficulty meeting its short-term obligations with its current assets alone.
Kroger's current ratio was relatively low in the earlier periods, hovering around 0.72 to 0.74. This suggests that the company may have had challenges in covering its current liabilities with its current assets during those periods.
However, there has been an improvement in the current ratio in more recent periods, exceeding 1 in some instances, which indicates improved liquidity and the company's ability to meet short-term obligations more comfortably with its current assets.
The current ratio spike to 1.54 on October 31, 2024, is particularly notable and may indicate a significant increase in current assets compared to current liabilities at that point in time, signaling strong liquidity position for Kroger Company.
Overall, while the company experienced fluctuations in its current ratio, the recent improvement and the spike in October 2024 suggest a positive trend in liquidity management for Kroger Company.
Peer comparison
Jan 31, 2025