Signet Jewelers Ltd (SIG)
Current ratio
| Feb 1, 2025 | Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,712,200 | 3,536,600 | 3,507,100 | 3,730,400 | 3,582,000 |
| Total current liabilities | US$ in thousands | 1,831,500 | 1,976,000 | 2,248,100 | 2,070,700 | 1,998,700 |
| Current ratio | 1.48 | 1.79 | 1.56 | 1.80 | 1.79 |
February 1, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,712,200K ÷ $1,831,500K
= 1.48
The current ratio of Signet Jewelers Ltd has shown some fluctuations over the past five years. As of January 30, 2021, the current ratio was 1.79, which increased slightly to 1.80 by January 29, 2022. However, there was a decrease in the current ratio to 1.56 as of January 28, 2023. Subsequently, there was a recovery back to 1.79 by February 3, 2024, but it dropped to 1.48 by February 1, 2025.
Overall, it seems that Signet Jewelers Ltd has been able to maintain a current ratio above 1, indicating that the company has more current assets than current liabilities to meet its short-term obligations. However, the fluctuations in the current ratio over the years suggest some variability in the company's liquidity position and its ability to cover short-term liabilities with current assets. Additional analysis of the components contributing to the current ratio would be necessary to fully assess Signet Jewelers Ltd's liquidity and financial health.