Ross Stores Inc (ROST)

Current ratio

Feb 3, 2024 Oct 28, 2023 Jul 29, 2023 Apr 29, 2023 Jan 28, 2023 Oct 29, 2022 Jul 30, 2022 Apr 30, 2022 Jan 29, 2022 Oct 30, 2021 Jul 31, 2021 May 1, 2021 Jan 30, 2021 Oct 31, 2020 Aug 1, 2020 May 2, 2020 Feb 1, 2020 Nov 2, 2019 Aug 3, 2019 May 4, 2019
Total current assets US$ in thousands 7,398,140 7,491,940 7,273,750 7,039,630 6,904,720 6,761,190 6,985,070 7,048,000 7,473,180 7,844,910 7,672,850 7,431,530 6,692,490 6,516,570 5,347,360 4,587,920 3,432,830 3,606,660 3,515,920 3,462,700
Total current liabilities US$ in thousands 4,185,800 4,405,690 3,969,640 3,781,170 3,636,250 3,464,230 3,644,980 3,756,060 4,214,930 4,476,310 4,336,190 4,318,400 3,967,030 3,941,630 3,153,070 2,623,620 2,701,930 2,858,240 2,679,410 2,593,510
Current ratio 1.77 1.70 1.83 1.86 1.90 1.95 1.92 1.88 1.77 1.75 1.77 1.72 1.69 1.65 1.70 1.75 1.27 1.26 1.31 1.34

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 displayed fluctuations over the past several quarters, ranging from a low of 1.26 to a high of 1.95. The current ratio measures the company's ability to cover its short-term liabilities with its short-term assets. Generally, a current ratio above 1 indicates that the company has more current assets than current liabilities, which suggests a strong liquidity position.

In the most recent quarter, the current ratio was 1.77, indicating that for every dollar of short-term liabilities, Ross Stores Inc had $1.77 of current assets available. This suggests a healthy liquidity position, with sufficient assets to cover immediate obligations.

Looking at the trend over the past few quarters, the current ratio has been relatively stable, hovering around the 1.70 to 1.90 range. This indicates that the company has been managing its short-term assets and liabilities effectively.

However, it is important to note the slight downward trend in the current ratio from the peak of 1.95 to the current level of 1.77. This could indicate a slight decline in liquidity, although the current ratio still remains above 1, indicating a favorable position.

Overall, based on the current ratio trend and the most recent value of 1.77, Ross Stores Inc appears to have a solid liquidity position, providing a sufficient buffer to meet its short-term obligations.


Peer comparison

Feb 3, 2024


See also:

Ross Stores Inc Current Ratio (Quarterly Data)