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 | ||
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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