Signet Jewelers Ltd (SIG)
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 | 3,536,600 | 3,018,300 | 2,987,400 | 3,083,100 | 3,507,100 | 3,188,200 | 3,396,000 | 3,515,500 | 3,730,400 | 3,994,800 | 3,822,300 | 3,641,800 | 3,582,000 | 3,904,600 | 3,862,800 | 4,015,500 | 3,154,800 | 2,938,700 | 2,758,600 | 2,822,700 |
| Total current liabilities | US$ in thousands | 1,976,000 | 1,871,100 | 1,852,300 | 1,775,500 | 2,248,100 | 2,047,500 | 1,920,100 | 2,139,800 | 2,070,700 | 1,971,800 | 1,840,500 | 1,897,500 | 1,998,700 | 1,731,500 | 1,499,400 | 1,676,700 | 1,652,600 | 1,383,100 | 1,311,600 | 1,362,200 |
| Current ratio | 1.79 | 1.61 | 1.61 | 1.74 | 1.56 | 1.56 | 1.77 | 1.64 | 1.80 | 2.03 | 2.08 | 1.92 | 1.79 | 2.26 | 2.58 | 2.39 | 1.91 | 2.12 | 2.10 | 2.07 |
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 been fluctuating over the past few quarters, ranging from 1.56 to 2.58. The current ratio measures the company's ability to cover its short-term obligations with its current assets. A ratio above 1 indicates that the company has more current assets than current liabilities.
Overall, the current ratio has generally been healthy, with values consistently above 1.5. A higher current ratio indicates a better ability to meet short-term obligations. Signet Jewelers' current ratio peaked at 2.58 in August 2020, signaling a strong liquidity position at that time. However, the ratio has exhibited some variability since then, possibly due to fluctuations in current assets or liabilities.
While the current ratio provides insights into the company's short-term liquidity, it is essential to consider other financial metrics and factors to assess Signet Jewelers' overall financial health comprehensively.