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 liquidity profile exhibits a period of long-term stability followed by a significant strengthening of the short-term financial position in recent years. The current ratio, which measures the capacity to cover short-term obligations with short-term assets, remained within a consistent range for over a decade before shifting upward after 2021.
- Historical Liquidity Stability (2006–2019)
- From 2006 to 2019, current assets grew from $1.12 billion to a peak of $3.13 billion. During the same timeframe, current liabilities rose from $887.7 million to $2.18 billion. The resulting current ratio fluctuated modestly between a low of 1.08 and a high of 1.43, indicating a consistent management of working capital where assets moderately exceeded liabilities.
- Intermediate Contraction (2020–2021)
- A notable decrease in both balance sheet components occurred between 2020 and 2021. Current assets declined to $1.55 billion by January 2021, while current liabilities decreased to $1.34 billion. This period saw the current ratio drop to 1.16, reflecting a temporary tightening of the liquidity margin.
- Recent Liquidity Expansion (2022–2024)
- A substantial increase in the current ratio is observed starting in 2022, rising to 1.92 and reaching a peak of 2.11 by February 2024. This trend is primarily driven by a significant reduction in current liabilities, which fell to $934.5 million in 2024, the lowest level recorded since 2006. Combined with the maintenance of current assets at $1.97 billion, this indicates a markedly improved solvency position and a greater cushion for meeting short-term obligations compared to historical averages.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
How can I help you?
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).