Ross Stores Inc (ROST)
Current ratio
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 7,398,140 | 6,904,720 | 7,473,180 | 6,692,490 | 3,432,830 |
| Total current liabilities | US$ in thousands | 4,185,800 | 3,636,250 | 4,214,930 | 3,967,030 | 2,701,930 |
| Current ratio | 1.77 | 1.90 | 1.77 | 1.69 | 1.27 |
February 3, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $7,398,140K ÷ $4,185,800K
= 1.77
The current ratio of Ross Stores Inc has demonstrated variability over the past five years. As of February 3, 2024, the current ratio stands at 1.77, showing a slight decrease from 1.90 in January 28, 2023. Comparing to the previous years, the current ratio has fluctuated within a range, with the highest ratio of 1.90 observed in January 28, 2023, and the lowest ratio of 1.27 recorded on February 1, 2020.
A current ratio above 1 implies that Ross Stores Inc has more current assets than current liabilities to meet its short-term obligations. While the current ratio has maintained above 1 consistently over the years, the recent decrease from the previous year warrants further investigation into the company's liquidity position. It is important for stakeholders to closely monitor this trend to ensure that Ross Stores Inc can continue to effectively manage its short-term financial obligations.
Peer comparison
Feb 3, 2024