Lowe's Companies Inc (LOW)

Current ratio

		Jan 31, 2025	Feb 2, 2024	Jan 31, 2024	Feb 3, 2023	Jan 31, 2023
Total current assets	US$ in thousands	20,358,000	19,071,000	19,071,000	21,442,000	21,442,000
Total current liabilities	US$ in thousands	18,757,000	15,568,000	15,568,000	19,511,000	19,511,000
Current ratio		1.09	1.23	1.23	1.10	1.10

January 31, 2025 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $20,358,000K ÷ $18,757,000K
= 1.09

The current ratio of Lowe's Companies Inc has fluctuated over the past few years. As of January 31, 2025, the current ratio stood at 1.09, indicating that the company's current assets are slightly lower than its current liabilities. This ratio suggests that Lowe's may face challenges in meeting its short-term obligations using its current assets alone. However, it is important to note that this ratio should be considered alongside other financial metrics to get a comprehensive understanding of the company's liquidity and financial health.