Lowe's Companies Inc (LOW)
Current ratio
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Feb 2, 2024 | Jan 31, 2024 | Nov 3, 2023 | Oct 31, 2023 | Aug 4, 2023 | Jul 31, 2023 | Apr 30, 2023 | Feb 3, 2023 | Jan 31, 2023 | Oct 31, 2022 | Oct 28, 2022 | Jul 31, 2022 | Jul 29, 2022 | Apr 30, 2022 | Apr 29, 2022 | Jan 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 20,358,000 | 21,977,000 | 22,337,000 | 22,750,000 | 19,071,000 | 19,071,000 | 19,968,000 | 19,968,000 | 22,236,000 | 22,236,000 | 23,918,000 | 21,442,000 | 21,442,000 | 24,991,000 | 24,991,000 | 22,667,000 | 22,667,000 | 25,611,000 | 25,611,000 | 20,060,000 |
| Total current liabilities | US$ in thousands | 18,757,000 | 19,447,000 | 18,246,000 | 19,506,000 | 15,568,000 | 15,568,000 | 16,496,000 | 16,496,000 | 17,612,000 | 17,612,000 | 19,210,000 | 19,511,000 | 19,511,000 | 20,876,000 | 20,876,000 | 20,366,000 | 20,366,000 | 21,831,000 | 21,831,000 | 19,668,000 |
| Current ratio | 1.09 | 1.13 | 1.22 | 1.17 | 1.23 | 1.23 | 1.21 | 1.21 | 1.26 | 1.26 | 1.25 | 1.10 | 1.10 | 1.20 | 1.20 | 1.11 | 1.11 | 1.17 | 1.17 | 1.02 |
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 exhibited fluctuations over the analyzed time period, ranging from 1.02 to 1.26. The current ratio indicates the company's ability to meet its short-term obligations with its current assets.
From January 31, 2022, to April 30, 2023, there was a gradual improvement in the current ratio, reaching a peak of 1.26 on July 31, 2023. This could suggest improved liquidity and better management of current assets during this period.
However, there was a slight decline in the current ratio from July 31, 2023, to October 31, 2024, with the ratio ranging between 1.09 to 1.23. The decrease in the current ratio signals a relative decrease in the company's ability to cover its short-term obligations using its current assets.
Overall, monitoring Lowe's Companies Inc's current ratio trends can provide insights into the company's liquidity position and its ability to manage short-term financial obligations effectively.
Peer comparison
Jan 31, 2025