Kroger Company (KR)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 216,000 | 13,358,000 | 2,786,000 | 2,846,000 | 1,883,000 | 1,883,000 | 1,725,000 | 1,725,000 | 2,420,000 | 2,420,000 | 2,632,000 | 2,632,000 | 1,015,000 | 1,015,000 | 916,000 | 916,000 | 1,102,000 | 1,102,000 | 1,382,000 | 1,382,000 |
| Short-term investments | US$ in thousands | 1,312,000 | 1,082,000 | 1,091,000 | 1,226,000 | — | 1,215,000 | — | 1,197,000 | — | 1,141,000 | — | 1,143,000 | 1,127,000 | — | — | 1,209,000 | — | 1,087,000 | 1,110,000 | 1,110,000 |
| 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 | — |
| 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 |
| Quick ratio | 0.10 | 0.89 | 0.24 | 0.25 | 0.25 | 0.19 | 0.22 | 0.17 | 0.26 | 0.22 | 0.26 | 0.22 | 0.12 | 0.19 | 0.17 | 0.12 | 0.18 | 0.13 | 0.27 | 0.15 |
January 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($216,000K
+ $1,312,000K
+ $—K)
÷ $15,859,000K
= 0.10
The quick ratio of Kroger Company fluctuated over the given period, ranging from 0.10 to 0.89. The quick ratio is a measure of a company's ability to meet its short-term liabilities with its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term obligations.
Based on the data provided, Kroger's quick ratio was relatively low in the earlier periods, averaging around 0.15 to 0.27. This suggests that the company may have had challenges in meeting its short-term obligations with its quick assets during this time.
However, there were some improvements in the quick ratio in later periods, with ratios ranging from 0.19 to 0.25. This could indicate better liquidity management or increased availability of liquid assets to cover short-term liabilities.
It is worth noting the significant increase in the quick ratio to 0.89 on October 31, 2024. Such a high quick ratio may raise questions about the quality of the assets being considered as quick assets or potential errors in the data.
Overall, the trend of Kroger's quick ratio shows variability, and further analysis would be needed to understand the underlying reasons for the fluctuations observed over time.
Peer comparison
Jan 31, 2025