Current Ratio
since 2005
Calculation
Ross Stores Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Jan 29, 2022 | 1.77 | = | 7,473,176) | ÷ | 4,214,929) |
| Jan 30, 2021 | 1.69 | = | 6,692,491) | ÷ | 3,967,033) |
| Feb 1, 2020 | 1.27 | = | 3,432,828) | ÷ | 2,701,934) |
| Feb 2, 2019 | 1.69 | = | 3,404,019) | ÷ | 2,009,484) |
| Feb 3, 2018 | 1.64 | = | 3,151,157) | ÷ | 1,926,402) |
| Jan 28, 2017 | 1.61 | = | 2,813,049) | ÷ | 1,752,506) |
| Jan 30, 2016 | 1.48 | = | 2,372,195) | ÷ | 1,602,847) |
| Jan 31, 2015 | 1.36 | = | 2,262,790) | ÷ | 1,659,368) |
| Feb 1, 2014 | 1.34 | = | 1,867,159) | ÷ | 1,393,057) |
| Feb 2, 2013 | 1.43 | = | 2,031,427) | ÷ | 1,422,582) |
| Jan 28, 2012 | 1.43 | = | 1,924,371) | ÷ | 1,346,052) |
| Jan 29, 2011 | 1.51 | = | 2,043,239) | ÷ | 1,352,320) |
| Jan 30, 2010 | 1.47 | = | 1,745,447) | ÷ | 1,190,514) |
| Jan 31, 2009 | 1.38 | = | 1,313,715) | ÷ | 955,259) |
| Feb 2, 2008 | 1.38 | = | 1,398,001) | ÷ | 1,010,605) |
| Feb 3, 2007 | 1.40 | = | 1,514,956) | ÷ | 1,083,257) |
| Jan 28, 2006 | 1.40 | = | 1,228,847) | ÷ | 878,983) |
| Jan 29, 2005 | 1.58 | = | 1,122,721) | ÷ | 711,561) |
Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-02-03), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).
1 US$ in thousands
Analysis of the current ratio and underlying components from 2005 to 2022 reveals a consistent capacity to meet short-term obligations, characterized by a steady expansion of the balance sheet and a general strengthening of the liquidity position over time.
- Growth Trends in Current Assets and Liabilities
- Current assets exhibited substantial growth, increasing from approximately $1.12 billion in 2005 to $7.47 billion by 2022. This expansion was steady for over a decade before experiencing a sharp acceleration between 2020 and 2022, where assets more than doubled. Current liabilities followed a similar upward trajectory, rising from $711 million in 2005 to $4.21 billion in 2022, though the growth rate remained more moderate compared to the surge in assets during the final three years of the period.
- Current Ratio Stability and Fluctuations
- The current ratio remained consistently above 1.0 throughout the entire analyzed period, indicating a persistent ability to cover short-term debts with short-term assets. Between 2005 and 2019, the ratio generally fluctuated between a low of 1.34 and a high of 1.69. A notable contraction occurred in February 2020, when the ratio declined to 1.27, representing the lowest liquidity level recorded in the dataset.
- Recent Liquidity Recovery and Peak
- Following the dip in 2020, there was a significant improvement in the liquidity position. The current ratio climbed to 1.69 in 2021 and reached a period peak of 1.77 by January 2022. This upward trend is attributed to a disproportionate increase in current assets relative to current liabilities during this window, resulting in an enhanced margin of safety for short-term financial obligations.
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Comparison to Competitors
Ross Stores Inc., current ratio, long-term trends, comparison to competitors
| Ross Stores Inc. | Amazon.com Inc. | Home Depot Inc. | Lowe’s Cos. Inc. | TJX Cos. Inc. | |
|---|---|---|---|---|---|
| Jan 29, 2022 | 1.77 | 0.94 | 1.01 | 1.02 | 1.27 |
| Jan 30, 2021 | 1.69 | 1.14 | 1.23 | 1.19 | 1.46 |
| Feb 1, 2020 | 1.27 | 1.05 | 1.08 | 1.01 | 1.24 |
| Feb 2, 2019 | 1.69 | 1.10 | 1.11 | 0.98 | 1.53 |
| Feb 3, 2018 | 1.64 | 1.10 | 1.17 | 1.06 | 1.66 |
| Jan 28, 2017 | 1.61 | 1.04 | 1.25 | 1.00 | 1.63 |
| Jan 30, 2016 | 1.48 | 1.04 | 1.36 | 1.01 | 1.54 |
| Jan 31, 2015 | 1.36 | 1.08 | 1.36 | 1.08 | 1.71 |
| Feb 1, 2014 | 1.34 | 1.12 | 1.42 | 1.16 | 1.72 |
| Feb 2, 2013 | 1.43 | 1.07 | 1.34 | 1.27 | 1.52 |
| Jan 28, 2012 | 1.43 | 1.12 | 1.55 | 1.28 | 1.68 |
| Jan 29, 2011 | 1.51 | 1.17 | 1.33 | 1.40 | 1.63 |
| Jan 30, 2010 | 1.47 | 1.33 | 1.34 | 1.32 | 1.66 |
| Jan 31, 2009 | 1.38 | 1.33 | 1.20 | 1.15 | 1.31 |
| Feb 2, 2008 | 1.38 | 1.30 | 1.15 | 1.12 | 1.45 |
| Feb 3, 2007 | 1.40 | 1.39 | 1.39 | 1.27 | 1.57 |
| Jan 28, 2006 | 1.40 | 1.33 | 1.19 | 1.34 | 1.39 |
| Jan 29, 2005 | 1.58 | 1.52 | 1.35 | 1.22 | 1.32 |
Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-02-03), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).
Comparison to Sector (Consumer Discretionary Distribution & Retail)
Ross Stores Inc., current ratio, long-term trends, comparison to sector (consumer discretionary distribution & retail)
| Ross Stores Inc. | Consumer Discretionary Distribution & Retail | |
|---|---|---|
| Jan 29, 2022 | 1.77 | 0.98 |
| Jan 30, 2021 | 1.69 | 1.17 |
| Feb 1, 2020 | 1.27 | 1.06 |
| Feb 2, 2019 | 1.69 | 1.10 |
| Feb 3, 2018 | 1.64 | 1.13 |
| Jan 28, 2017 | 1.61 | 1.10 |
| Jan 30, 2016 | 1.48 | 1.12 |
| Jan 31, 2015 | 1.36 | 1.17 |
| Feb 1, 2014 | 1.34 | 1.23 |
| Feb 2, 2013 | 1.43 | 1.21 |
| Jan 28, 2012 | 1.43 | 1.30 |
| Jan 29, 2011 | 1.51 | 1.31 |
| Jan 30, 2010 | 1.47 | 1.36 |
| Jan 31, 2009 | 1.38 | 1.23 |
| Feb 2, 2008 | 1.38 | 1.20 |
| Feb 3, 2007 | 1.40 | 1.38 |
| Jan 28, 2006 | 1.40 | 1.26 |
| Jan 29, 2005 | 1.58 | 1.32 |
Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-02-03), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).
Comparison to Industry (Consumer Discretionary)
Ross Stores Inc., current ratio, long-term trends, comparison to industry (consumer discretionary)
| Ross Stores Inc. | Consumer Discretionary | |
|---|---|---|
| Jan 29, 2022 | 1.77 | 1.15 |
| Jan 30, 2021 | 1.69 | 1.25 |
| Feb 1, 2020 | 1.27 | 1.19 |
| Feb 2, 2019 | 1.69 | 1.10 |
| Feb 3, 2018 | 1.64 | 1.15 |
| Jan 28, 2017 | 1.61 | 1.15 |
| Jan 30, 2016 | 1.48 | 1.12 |
| Jan 31, 2015 | 1.36 | 1.25 |
| Feb 1, 2014 | 1.34 | 1.11 |
| Feb 2, 2013 | 1.43 | 1.15 |
| Jan 28, 2012 | 1.43 | 1.14 |
| Jan 29, 2011 | 1.51 | 1.31 |
| Jan 30, 2010 | 1.47 | 1.24 |
| Jan 31, 2009 | 1.38 | 1.25 |
| Feb 2, 2008 | 1.38 | 0.96 |
| Feb 3, 2007 | 1.40 | 1.21 |
| Jan 28, 2006 | 1.40 | 1.15 |
| Jan 29, 2005 | 1.58 | 1.10 |
Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-02-03), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).