Victoria's Secret & Co (VSCO)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,533,000 | 1,636,000 | 1,478,000 | 1,435,000 | 1,737,000 | 1,709,000 | 1,552,000 | 1,514,000 | 1,691,000 | 1,609,000 | 1,827,000 |
| Total current liabilities | US$ in thousands | 1,614,000 | 1,368,000 | 1,407,000 | 1,369,000 | 1,579,000 | 1,332,000 | 1,445,000 | 1,451,000 | 1,698,000 | 1,598,000 | 1,435,000 |
| Current ratio | 0.95 | 1.20 | 1.05 | 1.05 | 1.10 | 1.28 | 1.07 | 1.04 | 1.00 | 1.01 | 1.27 |
February 3, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,533,000K ÷ $1,614,000K
= 0.95
Victoria's Secret & Co's current ratio has fluctuated over the past year, ranging from a low of 0.95 to a high of 1.28. The current ratio measures a company's ability to cover its short-term liabilities with its current assets. A current ratio below 1 indicates that a company may have difficulty meeting its short-term obligations.
The current ratio has varied around the industry average of 1. It decreased from 1.27 in July 2021 to 0.95 in February 2024, showing a potential liquidity issue. However, it has since improved to 1.20 in October 2023, suggesting better short-term liquidity.
Overall, Victoria's Secret & Co's current ratio has shown some instability, indicating a need for careful monitoring of its liquidity position to ensure it can meet its short-term financial obligations effectively.
Peer comparison
Feb 3, 2024