Current Ratio
since 2006
Calculation
GameStop Corp., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Feb 3, 2024 | 2.11 | = | 1,974,200) | ÷ | 934,500) |
| Jan 28, 2023 | 1.74 | = | 2,323,700) | ÷ | 1,339,100) |
| Jan 29, 2022 | 1.92 | = | 2,598,800) | ÷ | 1,354,700) |
| Jan 30, 2021 | 1.16 | = | 1,551,200) | ÷ | 1,342,700) |
| Feb 1, 2020 | 1.32 | = | 1,633,700) | ÷ | 1,237,700) |
| Feb 2, 2019 | 1.43 | = | 3,127,700) | ÷ | 2,181,100) |
| Feb 3, 2018 | 1.33 | = | 2,538,700) | ÷ | 1,915,600) |
| Jan 28, 2017 | 1.22 | = | 2,140,700) | ÷ | 1,761,500) |
| Jan 30, 2016 | 1.08 | = | 1,938,800) | ÷ | 1,794,400) |
| Jan 31, 2015 | 1.26 | = | 2,062,500) | ÷ | 1,639,700) |
| Feb 1, 2014 | 1.13 | = | 1,949,600) | ÷ | 1,726,000) |
| Feb 2, 2013 | 1.17 | = | 2,010,900) | ÷ | 1,715,300) |
| Jan 28, 2012 | 1.22 | = | 1,997,300) | ÷ | 1,633,900) |
| Jan 29, 2011 | 1.23 | = | 2,154,800) | ÷ | 1,747,800) |
| Jan 30, 2010 | 1.28 | = | 2,127,304) | ÷ | 1,655,676) |
| Jan 31, 2009 | 1.16 | = | 1,818,041) | ÷ | 1,562,711) |
| Feb 2, 2008 | 1.42 | = | 1,794,717) | ÷ | 1,260,557) |
| Feb 3, 2007 | 1.32 | = | 1,440,341) | ÷ | 1,087,057) |
| Jan 28, 2006 | 1.26 | = | 1,121,265) | ÷ | 887,674) |
Based on: 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 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).
1 US$ in thousands
The analysis of the annual financial metrics reveals notable trends in liquidity over the examined period.
- Current Assets
- Current assets displayed a generally upward trajectory from 2006 through 2019, increasing from approximately 1,121,265 thousand US dollars to a peak of 3,127,700 thousand US dollars in 2019. Following this peak, a sharp decline occurred in 2020, dropping to 1,633,700 thousand US dollars, with subsequent fluctuations resulting in values of 1,554,200 thousand US dollars in 2021, rising again to 2,598,800 thousand US dollars in 2022, but then decreasing to 2,323,700 and 1,974,200 thousand US dollars in the subsequent years.
- Current Liabilities
- Current liabilities increased from 887,674 thousand US dollars in 2006 to a high of 2,181,100 thousand US dollars in 2019. Similar to current assets, liabilities showed a decline after 2019, falling to 1,237,700 thousand US dollars in 2020, then gradually increasing and stabilizing around the 1,300,000 range in the following years, with a notable reduction to 934,500 thousand US dollars recorded in 2024.
- Current Ratio
- The current ratio fluctuated moderately from 2006 to 2019, staying within a range roughly between 1.13 and 1.43, indicative of reasonable liquidity but with some variability. Post-2019, the current ratio improved significantly, rising from 1.32 in 2020 to 2.11 in 2024. This improvement suggests an enhancement in the company’s short-term financial health and its ability to cover current liabilities with current assets more comfortably.
In summary, the period witnessed growth in both current assets and current liabilities until 2019, followed by a marked reduction in both metrics. Concurrently, the current ratio improved notably in the later years, indicating an increased liquidity buffer. This may reflect a strategic shift towards strengthening short-term financial stability or adjustments in operational or financing policies to reduce liabilities relative to assets.
Comparison to Competitors
GameStop Corp., current ratio, long-term trends, comparison to competitors
| GameStop Corp. | Amazon.com Inc. | Home Depot Inc. | Lowe’s Cos. Inc. | TJX Cos. Inc. | |
|---|---|---|---|---|---|
| Feb 3, 2024 | 2.11 | 1.06 | 1.35 | 1.23 | 1.21 |
| Jan 28, 2023 | 1.74 | 1.05 | 1.41 | 1.10 | 1.21 |
| Jan 29, 2022 | 1.92 | 0.94 | 1.01 | 1.02 | 1.27 |
| Jan 30, 2021 | 1.16 | 1.14 | 1.23 | 1.19 | 1.46 |
| Feb 1, 2020 | 1.32 | 1.05 | 1.08 | 1.01 | 1.24 |
| Feb 2, 2019 | 1.43 | 1.10 | 1.11 | 0.98 | 1.53 |
| Feb 3, 2018 | 1.33 | 1.10 | 1.17 | 1.06 | 1.66 |
| Jan 28, 2017 | 1.22 | 1.04 | 1.25 | 1.00 | 1.63 |
| Jan 30, 2016 | 1.08 | 1.04 | 1.36 | 1.01 | 1.54 |
| Jan 31, 2015 | 1.26 | 1.08 | 1.36 | 1.08 | 1.71 |
| Feb 1, 2014 | 1.13 | 1.12 | 1.42 | 1.16 | 1.72 |
| Feb 2, 2013 | 1.17 | 1.07 | 1.34 | 1.27 | 1.52 |
| Jan 28, 2012 | 1.22 | 1.12 | 1.55 | 1.28 | 1.68 |
| Jan 29, 2011 | 1.23 | 1.17 | 1.33 | 1.40 | 1.63 |
| Jan 30, 2010 | 1.28 | 1.33 | 1.34 | 1.32 | 1.66 |
| Jan 31, 2009 | 1.16 | 1.33 | 1.20 | 1.15 | 1.31 |
| Feb 2, 2008 | 1.42 | 1.30 | 1.15 | 1.12 | 1.45 |
| Feb 3, 2007 | 1.32 | 1.39 | 1.39 | 1.27 | 1.57 |
| Jan 28, 2006 | 1.26 | 1.33 | 1.19 | 1.34 | 1.39 |
Based on: 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 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).
Comparison to Sector (Consumer Discretionary Distribution & Retail)
GameStop Corp., current ratio, long-term trends, comparison to sector (consumer discretionary distribution & retail)
| GameStop Corp. | Consumer Discretionary Distribution & Retail | |
|---|---|---|
| Feb 3, 2024 | 2.11 | 1.11 |
| Jan 28, 2023 | 1.74 | 1.10 |
| Jan 29, 2022 | 1.92 | 0.98 |
| Jan 30, 2021 | 1.16 | 1.17 |
| Feb 1, 2020 | 1.32 | 1.06 |
| Feb 2, 2019 | 1.43 | 1.10 |
| Feb 3, 2018 | 1.33 | 1.13 |
| Jan 28, 2017 | 1.22 | 1.10 |
| Jan 30, 2016 | 1.08 | 1.12 |
| Jan 31, 2015 | 1.26 | 1.17 |
| Feb 1, 2014 | 1.13 | 1.23 |
| Feb 2, 2013 | 1.17 | 1.21 |
| Jan 28, 2012 | 1.22 | 1.30 |
| Jan 29, 2011 | 1.23 | 1.31 |
| Jan 30, 2010 | 1.28 | 1.36 |
| Jan 31, 2009 | 1.16 | 1.23 |
| Feb 2, 2008 | 1.42 | 1.20 |
| Feb 3, 2007 | 1.32 | 1.38 |
| Jan 28, 2006 | 1.26 | 1.26 |
Based on: 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 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).
Comparison to Industry (Consumer Discretionary)
GameStop Corp., current ratio, long-term trends, comparison to industry (consumer discretionary)
| GameStop Corp. | Consumer Discretionary | |
|---|---|---|
| Feb 3, 2024 | 2.11 | 1.22 |
| Jan 28, 2023 | 1.74 | 1.20 |
| Jan 29, 2022 | 1.92 | 1.15 |
| Jan 30, 2021 | 1.16 | 1.25 |
| Feb 1, 2020 | 1.32 | 1.19 |
| Feb 2, 2019 | 1.43 | 1.10 |
| Feb 3, 2018 | 1.33 | 1.15 |
| Jan 28, 2017 | 1.22 | 1.15 |
| Jan 30, 2016 | 1.08 | 1.12 |
| Jan 31, 2015 | 1.26 | 1.25 |
| Feb 1, 2014 | 1.13 | 1.11 |
| Feb 2, 2013 | 1.17 | 1.15 |
| Jan 28, 2012 | 1.22 | 1.14 |
| Jan 29, 2011 | 1.23 | 1.31 |
| Jan 30, 2010 | 1.28 | 1.24 |
| Jan 31, 2009 | 1.16 | 1.25 |
| Feb 2, 2008 | 1.42 | 0.96 |
| Feb 3, 2007 | 1.32 | 1.21 |
| Jan 28, 2006 | 1.26 | 1.15 |
Based on: 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 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).