Ulta Beauty Inc (ULTA)

Current ratio

		Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020
Total current assets	US$ in thousands	2,836,520	2,709,300	2,281,180	2,514,780	2,055,320
Total current liabilities	US$ in thousands	1,658,190	1,681,780	1,558,010	1,343,710	1,137,260
Current ratio		1.71	1.61	1.46	1.87	1.81

February 3, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $2,836,520K ÷ $1,658,190K
= 1.71

The current ratio of Ulta Beauty Inc has fluctuated over the past five years. The ratio indicates the company's ability to cover its short-term obligations with its current assets.

In the most recent fiscal year ending February 3, 2024, Ulta Beauty Inc has a current ratio of 1.71, which has increased from 1.61 in the previous year, indicating an improvement in the company's short-term liquidity position.

Comparing this to three years ago, the current ratio was 1.46 on January 29, 2022, demonstrating a weaker liquidity position at that time.

However, in the fiscal year ending January 30, 2021, Ulta Beauty Inc had a higher current ratio of 1.87, suggesting a stronger ability to meet its short-term obligations.

Similarly, on February 1, 2020, the company's current ratio was 1.81, showing a relatively stable liquidity position.

Overall, while there have been fluctuations in Ulta Beauty Inc's current ratio over the past five years, the most recent ratio of 1.71 indicates an improvement in the company's short-term liquidity position compared to the previous year.