Kroger Company (KR)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,883,000 | 1,725,000 | 2,420,000 | 2,632,000 | 1,015,000 | 916,000 | 1,102,000 | 1,382,000 | 1,821,000 | 2,288,000 | 2,225,000 | 2,309,000 | 1,687,000 | 2,180,000 | 2,726,000 | 399,000 | 545,000 | 629,000 | 409,000 | 429,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | 1,110,000 | — | — | — | 1,011,000 | — | — | 1,142,000 | — | — | — | 1,066,000 | — |
| Receivables | US$ in thousands | 2,136,000 | 1,938,000 | 1,820,000 | 1,766,000 | 2,234,000 | 2,019,000 | 1,869,000 | 1,887,000 | 1,828,000 | 1,914,000 | 1,961,000 | 1,936,000 | 1,781,000 | 1,610,000 | 1,552,000 | 1,706,000 | 1,600,000 | 1,567,000 | 1,560,000 | 1,589,000 |
| 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 |
| Quick ratio | 0.25 | 0.22 | 0.26 | 0.26 | 0.19 | 0.17 | 0.18 | 0.27 | 0.22 | 0.25 | 0.27 | 0.35 | 0.23 | 0.24 | 0.37 | 0.15 | 0.15 | 0.16 | 0.22 | 0.14 |
February 3, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,883,000K
+ $—K
+ $2,136,000K)
÷ $16,058,000K
= 0.25
The quick ratio of Kroger Company has fluctuated over the past few years, ranging from a low of 0.14 to a high of 0.37. The quick ratio measures a company's ability to meet its short-term obligations using its most liquid assets. A quick ratio below 1 indicates that a company may have difficulty covering its short-term liabilities with its current assets.
Based on the data provided, the quick ratio shows volatility and inconsistency in Kroger Company's ability to meet its short-term obligations. The ratios range from 0.14 to 0.37, indicating varying levels of liquidity over time. The company's quick ratio has generally been below 1, suggesting potential challenges in promptly addressing its short-term commitments with its existing liquid assets.
It is important for Kroger Company to closely monitor and manage its liquidity position to ensure it can meet its short-term obligations. The fluctuating quick ratio may reflect changes in the company's cash flow, inventory management, or accounts receivable collection efficiency. Analyzing trends in the quick ratio can provide insights into Kroger's financial health and operational efficiency.
Peer comparison
Feb 3, 2024