Signet Jewelers Ltd (SIG)
Current ratio
| Feb 1, 2025 | Nov 2, 2024 | Aug 3, 2024 | May 4, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,712,200 | 2,538,800 | 2,575,700 | 2,924,600 | 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 |
| Total current liabilities | US$ in thousands | 1,831,500 | 1,634,200 | 1,527,000 | 1,748,100 | 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 |
| Current ratio | 1.48 | 1.55 | 1.69 | 1.67 | 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 |
February 1, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,712,200K ÷ $1,831,500K
= 1.48
Signet Jewelers Ltd's current ratio has shown some fluctuations over the given time period. The current ratio, which measures the company's ability to cover its short-term obligations with its current assets, was relatively stable around 2.00 in the earlier periods. However, starting from January 30, 2021, the ratio began to decline, indicating a potential weakening liquidity position. It dropped to 1.48 by February 1, 2025, suggesting that the company may be facing challenges in meeting its short-term obligations with its current assets. Signet Jewelers Ltd should closely monitor its liquidity position and take necessary steps to improve its current ratio to ensure its financial health in the short term.