Current Ratio
since 2005
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Lowe’s Cos. Inc. pages available for free this week:
- Income Statement
- Common-Size Income Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Solvency Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Enterprise Value to FCFF (EV/FCFF)
- Present Value of Free Cash Flow to Equity (FCFE)
- Price to Operating Profit (P/OP) since 2005
- Price to Book Value (P/BV) since 2005
- Analysis of Debt
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Calculation
Lowe’s Cos. Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Jan 31, 2025 | = | ÷ | |||
| Feb 2, 2024 | = | ÷ | |||
| Feb 3, 2023 | = | ÷ | |||
| Jan 28, 2022 | = | ÷ | |||
| Jan 29, 2021 | = | ÷ | |||
| Jan 31, 2020 | = | ÷ | |||
| Feb 1, 2019 | = | ÷ | |||
| Feb 2, 2018 | = | ÷ | |||
| Feb 3, 2017 | = | ÷ | |||
| Jan 29, 2016 | = | ÷ | |||
| Jan 30, 2015 | = | ÷ | |||
| Jan 31, 2014 | = | ÷ | |||
| Feb 1, 2013 | = | ÷ | |||
| Feb 3, 2012 | = | ÷ | |||
| Jan 28, 2011 | = | ÷ | |||
| Jan 29, 2010 | = | ÷ | |||
| Jan 30, 2009 | = | ÷ | |||
| Feb 1, 2008 | = | ÷ | |||
| Feb 2, 2007 | = | ÷ | |||
| Feb 3, 2006 | = | ÷ | |||
| Jan 28, 2005 | = | ÷ |
Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-02-01), 10-K (reporting date: 2018-02-02), 10-K (reporting date: 2017-02-03), 10-K (reporting date: 2016-01-29), 10-K (reporting date: 2015-01-30), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-02-01), 10-K (reporting date: 2012-02-03), 10-K (reporting date: 2011-01-28), 10-K (reporting date: 2010-01-29), 10-K (reporting date: 2009-01-30), 10-K (reporting date: 2008-02-01), 10-K (reporting date: 2007-02-02), 10-K (reporting date: 2006-02-03), 10-K (reporting date: 2005-01-28).
1 US$ in millions
The analysis of the annual financial data reveals several notable trends in liquidity over the observed periods.
- Current Assets
- Current assets show a general upward trajectory from 2005 through 2025. Starting at approximately 6,974 million USD in early 2005, the figure increases steadily, with some fluctuations, reaching a peak near 22,326 million USD in early 2021. After this peak, there is some variability with values somewhat decreasing to around 19,071 million USD in early 2024, followed by a modest increase to approximately 20,358 million USD in early 2025. This overall growth indicates expanding short-term resources over the two-decade span.
- Current Liabilities
- Current liabilities present a more varied picture with increases and decreases throughout the years. Beginning near 5,719 million USD in 2005, liabilities rise inconsistently, reaching 18,730 million USD in early 2021, closely mirroring the timing of peak current assets. Post-2021, current liabilities first increase slightly to nearly 19,668 million USD in early 2022, then experience a decrease to 15,568 million USD in early 2024, followed by an increase back to 18,757 million USD in early 2025. The fluctuations signify changing obligations and possibly shifting short-term financing or payables management strategies.
- Current Ratio
- The current ratio, representing liquidity stability, varies within a relatively narrow band between 0.98 and 1.40 across the observed periods. It starts at 1.22 in 2005, peaks at 1.40 in early 2011, then generally trends downward with a low near 0.98 in early 2019 before recovering modestly towards 1.09 by early 2025. Values close to and slightly above 1 indicate a balanced approach to current asset coverage of current liabilities, though values below 1 at certain points reveal temporary periods of constrained liquidity.
Overall, the data suggest a company maintaining increasing levels of current assets, accompanied by rising current liabilities over time. The current ratio's fluctuations around the 1.0 mark throughout the period imply cautious liquidity management, typically ensuring that the company meets short-term obligations but occasionally nearing tighter liquidity positions.
Comparison to Competitors
Lowe’s Cos. Inc., current ratio, long-term trends, comparison to competitors
| Lowe’s Cos. Inc. | Amazon.com Inc. | Home Depot Inc. | TJX Cos. Inc. | |
|---|---|---|---|---|
| Jan 31, 2025 | ||||
| Feb 2, 2024 | ||||
| Feb 3, 2023 | ||||
| Jan 28, 2022 | ||||
| Jan 29, 2021 | ||||
| Jan 31, 2020 | ||||
| Feb 1, 2019 | ||||
| Feb 2, 2018 | ||||
| Feb 3, 2017 | ||||
| Jan 29, 2016 | ||||
| Jan 30, 2015 | ||||
| Jan 31, 2014 | ||||
| Feb 1, 2013 | ||||
| Feb 3, 2012 | ||||
| Jan 28, 2011 | ||||
| Jan 29, 2010 | ||||
| Jan 30, 2009 | ||||
| Feb 1, 2008 | ||||
| Feb 2, 2007 | ||||
| Feb 3, 2006 | ||||
| Jan 28, 2005 |
Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-02-01), 10-K (reporting date: 2018-02-02), 10-K (reporting date: 2017-02-03), 10-K (reporting date: 2016-01-29), 10-K (reporting date: 2015-01-30), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-02-01), 10-K (reporting date: 2012-02-03), 10-K (reporting date: 2011-01-28), 10-K (reporting date: 2010-01-29), 10-K (reporting date: 2009-01-30), 10-K (reporting date: 2008-02-01), 10-K (reporting date: 2007-02-02), 10-K (reporting date: 2006-02-03), 10-K (reporting date: 2005-01-28).
Comparison to Sector (Consumer Discretionary Distribution & Retail)
Lowe’s Cos. Inc., current ratio, long-term trends, comparison to sector (consumer discretionary distribution & retail)
| Lowe’s Cos. Inc. | Consumer Discretionary Distribution & Retail | |
|---|---|---|
| Jan 31, 2025 | ||
| Feb 2, 2024 | ||
| Feb 3, 2023 | ||
| Jan 28, 2022 | ||
| Jan 29, 2021 | ||
| Jan 31, 2020 | ||
| Feb 1, 2019 | ||
| Feb 2, 2018 | ||
| Feb 3, 2017 | ||
| Jan 29, 2016 | ||
| Jan 30, 2015 | ||
| Jan 31, 2014 | ||
| Feb 1, 2013 | ||
| Feb 3, 2012 | ||
| Jan 28, 2011 | ||
| Jan 29, 2010 | ||
| Jan 30, 2009 | ||
| Feb 1, 2008 | ||
| Feb 2, 2007 | ||
| Feb 3, 2006 | ||
| Jan 28, 2005 |
Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-02-01), 10-K (reporting date: 2018-02-02), 10-K (reporting date: 2017-02-03), 10-K (reporting date: 2016-01-29), 10-K (reporting date: 2015-01-30), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-02-01), 10-K (reporting date: 2012-02-03), 10-K (reporting date: 2011-01-28), 10-K (reporting date: 2010-01-29), 10-K (reporting date: 2009-01-30), 10-K (reporting date: 2008-02-01), 10-K (reporting date: 2007-02-02), 10-K (reporting date: 2006-02-03), 10-K (reporting date: 2005-01-28).
Comparison to Industry (Consumer Discretionary)
Lowe’s Cos. Inc., current ratio, long-term trends, comparison to industry (consumer discretionary)
| Lowe’s Cos. Inc. | Consumer Discretionary | |
|---|---|---|
| Jan 31, 2025 | ||
| Feb 2, 2024 | ||
| Feb 3, 2023 | ||
| Jan 28, 2022 | ||
| Jan 29, 2021 | ||
| Jan 31, 2020 | ||
| Feb 1, 2019 | ||
| Feb 2, 2018 | ||
| Feb 3, 2017 | ||
| Jan 29, 2016 | ||
| Jan 30, 2015 | ||
| Jan 31, 2014 | ||
| Feb 1, 2013 | ||
| Feb 3, 2012 | ||
| Jan 28, 2011 | ||
| Jan 29, 2010 | ||
| Jan 30, 2009 | ||
| Feb 1, 2008 | ||
| Feb 2, 2007 | ||
| Feb 3, 2006 | ||
| Jan 28, 2005 |
Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-02-01), 10-K (reporting date: 2018-02-02), 10-K (reporting date: 2017-02-03), 10-K (reporting date: 2016-01-29), 10-K (reporting date: 2015-01-30), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-02-01), 10-K (reporting date: 2012-02-03), 10-K (reporting date: 2011-01-28), 10-K (reporting date: 2010-01-29), 10-K (reporting date: 2009-01-30), 10-K (reporting date: 2008-02-01), 10-K (reporting date: 2007-02-02), 10-K (reporting date: 2006-02-03), 10-K (reporting date: 2005-01-28).