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