Lowe's Companies Inc (LOW)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,761,000 | 3,271,000 | 4,360,000 | 3,237,000 | 921,000 | 921,000 | 1,210,000 | 1,210,000 | 3,494,000 | 3,494,000 | 2,950,000 | 1,348,000 | 1,348,000 | 3,192,000 | 3,192,000 | 1,482,000 | 1,482,000 | 3,414,000 | 3,414,000 | 1,133,000 |
| Short-term investments | US$ in thousands | 372,000 | 335,000 | 330,000 | 264,000 | 307,000 | 307,000 | 321,000 | 321,000 | 374,000 | 374,000 | 423,000 | 384,000 | 384,000 | 464,000 | 464,000 | 450,000 | 450,000 | 368,000 | 368,000 | 271,000 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.11 | 0.19 | 0.26 | 0.18 | 0.08 | 0.08 | 0.09 | 0.09 | 0.22 | 0.22 | 0.18 | 0.09 | 0.09 | 0.18 | 0.18 | 0.09 | 0.09 | 0.17 | 0.17 | 0.07 |
January 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,761,000K
+ $372,000K
+ $—K)
÷ $18,757,000K
= 0.11
The quick ratio of Lowe's Companies Inc has shown fluctuations over the period analyzed. The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities.
Based on the data provided, the quick ratio has varied between 0.07 and 0.26. The quick ratio was notably low at the beginning of the period, indicating potential liquidity concerns. However, the ratio improved over time, reaching a peak of 0.26 as of July 31, 2024, suggesting a better ability to cover short-term obligations with liquid assets.
Investors and creditors may monitor the quick ratio closely to assess Lowe's Companies Inc's liquidity position and its ability to handle short-term financial obligations efficiently. It is essential to continue monitoring the quick ratio to understand any shifts in the company's liquidity management and financial health over time.
Peer comparison
Jan 31, 2025