Stock Analysis on Net

Lowe’s Cos. Inc. (NYSE:LOW)

Analysis of Liquidity Ratios 

Microsoft Excel

Liquidity Ratios (Summary)

Lowe’s Cos. Inc., liquidity ratios

Microsoft Excel
Feb 3, 2023 Jan 28, 2022 Jan 29, 2021 Jan 31, 2020 Feb 1, 2019 Feb 2, 2018
Current ratio 1.10 1.02 1.19 1.01 0.98 1.06
Quick ratio 0.09 0.07 0.28 0.06 0.05 0.06
Cash ratio 0.09 0.07 0.28 0.06 0.05 0.06

Based on: 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).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Lowe’s Cos. Inc. current ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Lowe’s Cos. Inc. quick ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Lowe’s Cos. Inc. cash ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.

Current Ratio

Lowe’s Cos. Inc., current ratio calculation, comparison to benchmarks

Microsoft Excel
Feb 3, 2023 Jan 28, 2022 Jan 29, 2021 Jan 31, 2020 Feb 1, 2019 Feb 2, 2018
Selected Financial Data (US$ in millions)
Current assets 21,442 20,060 22,326 15,318 14,228 12,772
Current liabilities 19,511 19,668 18,730 15,182 14,497 12,096
Liquidity Ratio
Current ratio1 1.10 1.02 1.19 1.01 0.98 1.06
Benchmarks
Current Ratio, Competitors2
Amazon.com Inc. 1.05 0.94 1.14 1.05 1.10
Home Depot Inc. 1.41 1.01 1.23 1.08 1.11
TJX Cos. Inc. 1.21 1.27 1.46 1.24 1.53 1.66
Current Ratio, Sector
Consumer Discretionary Distribution & Retail 1.10 0.98 1.17 1.06 1.10
Current Ratio, Industry
Consumer Discretionary 1.18 1.14 1.24 1.18 1.08

Based on: 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).

1 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 21,442 ÷ 19,511 = 1.10

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Lowe’s Cos. Inc. current ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.

Quick Ratio

Lowe’s Cos. Inc., quick ratio calculation, comparison to benchmarks

Microsoft Excel
Feb 3, 2023 Jan 28, 2022 Jan 29, 2021 Jan 31, 2020 Feb 1, 2019 Feb 2, 2018
Selected Financial Data (US$ in millions)
Cash and cash equivalents 1,348 1,133 4,690 716 511 588
Short-term investments 384 271 506 160 218 102
Accounts receivable
Total quick assets 1,732 1,404 5,196 876 729 690
 
Current liabilities 19,511 19,668 18,730 15,182 14,497 12,096
Liquidity Ratio
Quick ratio1 0.09 0.07 0.28 0.06 0.05 0.06
Benchmarks
Quick Ratio, Competitors2
Amazon.com Inc. 0.81 0.69 0.86 0.83 0.83
Home Depot Inc. 0.26 0.20 0.47 0.23 0.22
TJX Cos. Inc. 0.59 0.64 1.01 0.50 0.61 0.70
Quick Ratio, Sector
Consumer Discretionary Distribution & Retail 0.68 0.57 0.77 0.68 0.65
Quick Ratio, Industry
Consumer Discretionary 0.84 0.81 0.92 0.89 0.77

Based on: 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).

1 2023 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 1,732 ÷ 19,511 = 0.09

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Lowe’s Cos. Inc. quick ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.

Cash Ratio

Lowe’s Cos. Inc., cash ratio calculation, comparison to benchmarks

Microsoft Excel
Feb 3, 2023 Jan 28, 2022 Jan 29, 2021 Jan 31, 2020 Feb 1, 2019 Feb 2, 2018
Selected Financial Data (US$ in millions)
Cash and cash equivalents 1,348 1,133 4,690 716 511 588
Short-term investments 384 271 506 160 218 102
Total cash assets 1,732 1,404 5,196 876 729 690
 
Current liabilities 19,511 19,668 18,730 15,182 14,497 12,096
Liquidity Ratio
Cash ratio1 0.09 0.07 0.28 0.06 0.05 0.06
Benchmarks
Cash Ratio, Competitors2
Amazon.com Inc. 0.53 0.45 0.68 0.67 0.63
Home Depot Inc. 0.12 0.08 0.34 0.12 0.11
TJX Cos. Inc. 0.53 0.59 0.97 0.45 0.55 0.64
Cash Ratio, Sector
Consumer Discretionary Distribution & Retail 0.44 0.37 0.61 0.54 0.49
Cash Ratio, Industry
Consumer Discretionary 0.57 0.55 0.71 0.70 0.56

Based on: 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).

1 2023 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 1,732 ÷ 19,511 = 0.09

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Lowe’s Cos. Inc. cash ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.