Signet Jewelers Ltd (SIG)
Current ratio
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,536,600 | 3,507,100 | 3,730,400 | 3,582,000 | 3,154,800 |
| Total current liabilities | US$ in thousands | 1,976,000 | 2,248,100 | 2,070,700 | 1,998,700 | 1,652,600 |
| Current ratio | 1.79 | 1.56 | 1.80 | 1.79 | 1.91 |
February 3, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,536,600K ÷ $1,976,000K
= 1.79
The current ratio of Signet Jewelers Ltd has fluctuated over the past five years, ranging from 1.56 to 1.91. As of February 3, 2024, the current ratio stands at 1.79, showing a slight improvement compared to the previous year's ratio of 1.56. This indicates that the company's current assets are 1.79 times its current liabilities, suggesting that it has sufficient short-term assets to cover its short-term obligations. However, it is important to note that the current ratio has not consistently remained above 2, which is considered ideal in most cases to ensure the company's liquidity and financial stability. Further analysis of other liquidity ratios and the overall financial health of the company would provide a more comprehensive assessment of Signet Jewelers Ltd's short-term financial position.