Lowe's Companies Inc (LOW)
Cash ratio
| Jan 31, 2025 | Feb 2, 2024 | Jan 31, 2024 | Feb 3, 2023 | Jan 31, 2023 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,761,000 | 921,000 | 921,000 | 1,348,000 | 1,348,000 |
| Short-term investments | US$ in thousands | 372,000 | 307,000 | 307,000 | 384,000 | 384,000 |
| Total current liabilities | US$ in thousands | 18,757,000 | 15,568,000 | 15,568,000 | 19,511,000 | 19,511,000 |
| Cash ratio | 0.11 | 0.08 | 0.08 | 0.09 | 0.09 |
January 31, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,761,000K
+ $372,000K)
÷ $18,757,000K
= 0.11
The cash ratio of Lowe's Companies Inc has remained relatively stable over the past few years. It was at 0.09 on January 31, 2023, and February 3, 2023, indicating that for every dollar of current liabilities, the company had $0.09 in cash or cash equivalents available to cover immediate obligations. The ratio slightly decreased to 0.08 on January 31, 2024, and February 2, 2024. However, it improved to 0.11 on January 31, 2025, showing that Lowe's had increased its liquidity position in that period. Overall, the cash ratio suggests that Lowe's has a moderate ability to meet its short-term obligations with its available cash reserves.
Peer comparison
Jan 31, 2025