Analysis of Liquidity Ratios
Quarterly Data
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Lowe’s Cos. Inc., liquidity ratios (quarterly data)
Based on: 10-K (reporting date: 2024-02-02), 10-Q (reporting date: 2023-11-03), 10-Q (reporting date: 2023-08-04), 10-Q (reporting date: 2023-05-05), 10-K (reporting date: 2023-02-03), 10-Q (reporting date: 2022-10-28), 10-Q (reporting date: 2022-07-29), 10-Q (reporting date: 2022-04-29), 10-K (reporting date: 2022-01-28), 10-Q (reporting date: 2021-10-29), 10-Q (reporting date: 2021-07-30), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-29), 10-Q (reporting date: 2020-10-30), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-05-01), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-11-01), 10-Q (reporting date: 2019-08-02), 10-Q (reporting date: 2019-05-03), 10-K (reporting date: 2019-02-01), 10-Q (reporting date: 2018-11-02), 10-Q (reporting date: 2018-08-03), 10-Q (reporting date: 2018-05-04).
| 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 Q2 2024 to Q3 2024 but then slightly improved from Q3 2024 to Q4 2024. |
| 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 Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024. |
| 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 Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024. |
Current Ratio
Lowe’s Cos. Inc., current ratio calculation (quarterly data)
| Feb 2, 2024 | Nov 3, 2023 | Aug 4, 2023 | May 5, 2023 | Feb 3, 2023 | Oct 28, 2022 | Jul 29, 2022 | Apr 29, 2022 | Jan 28, 2022 | Oct 29, 2021 | Jul 30, 2021 | Apr 30, 2021 | Jan 29, 2021 | Oct 30, 2020 | Jul 31, 2020 | May 1, 2020 | Jan 31, 2020 | Nov 1, 2019 | Aug 2, 2019 | May 3, 2019 | Feb 1, 2019 | Nov 2, 2018 | Aug 3, 2018 | May 4, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||
| Current assets | 19,071) | 19,968) | 22,236) | 23,918) | 21,442) | 24,991) | 22,667) | 25,611) | 20,060) | 24,849) | 25,083) | 26,816) | 22,326) | 26,916) | 27,717) | 21,926) | 15,318) | 15,662) | 16,796) | 19,335) | 14,228) | 15,138) | 15,483) | 16,033) | |||||||
| Current liabilities | 15,568) | 16,496) | 17,612) | 19,210) | 19,511) | 20,876) | 20,366) | 21,831) | 19,668) | 20,834) | 21,664) | 22,892) | 18,730) | 19,564) | 21,370) | 18,325) | 15,182) | 15,063) | 15,835) | 17,781) | 14,497) | 15,069) | 14,581) | 15,774) | |||||||
| Liquidity Ratio | |||||||||||||||||||||||||||||||
| Current ratio1 | 1.23 | 1.21 | 1.26 | 1.25 | 1.10 | 1.20 | 1.11 | 1.17 | 1.02 | 1.19 | 1.16 | 1.17 | 1.19 | 1.38 | 1.30 | 1.20 | 1.01 | 1.04 | 1.06 | 1.09 | 0.98 | 1.00 | 1.06 | 1.02 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||||
| Current Ratio, Competitors2 | |||||||||||||||||||||||||||||||
| Amazon.com Inc. | — | — | — | — | 1.05 | 0.98 | 0.95 | 0.92 | 0.94 | 0.94 | 0.95 | 0.96 | 1.14 | 1.12 | 1.20 | 1.05 | 1.05 | 1.11 | 1.18 | 1.08 | 1.10 | 1.10 | 1.10 | 1.09 | |||||||
| Home Depot Inc. | 1.35 | 1.30 | 1.31 | 1.27 | 1.41 | 1.39 | 1.18 | 1.11 | 1.01 | 1.13 | 1.06 | 1.10 | 1.23 | 1.36 | 1.30 | 1.17 | 1.08 | 1.08 | 1.10 | 1.04 | 1.11 | 1.09 | 1.13 | 1.17 | |||||||
| TJX Cos. Inc. | 1.21 | 1.19 | 1.20 | 1.20 | 1.21 | 1.16 | 1.17 | 1.25 | 1.27 | 1.29 | 1.33 | 1.52 | 1.46 | 1.41 | 1.51 | 2.20 | 1.24 | 1.22 | 1.25 | 1.23 | 1.53 | 1.55 | 1.64 | 1.69 | |||||||
Based on: 10-K (reporting date: 2024-02-02), 10-Q (reporting date: 2023-11-03), 10-Q (reporting date: 2023-08-04), 10-Q (reporting date: 2023-05-05), 10-K (reporting date: 2023-02-03), 10-Q (reporting date: 2022-10-28), 10-Q (reporting date: 2022-07-29), 10-Q (reporting date: 2022-04-29), 10-K (reporting date: 2022-01-28), 10-Q (reporting date: 2021-10-29), 10-Q (reporting date: 2021-07-30), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-29), 10-Q (reporting date: 2020-10-30), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-05-01), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-11-01), 10-Q (reporting date: 2019-08-02), 10-Q (reporting date: 2019-05-03), 10-K (reporting date: 2019-02-01), 10-Q (reporting date: 2018-11-02), 10-Q (reporting date: 2018-08-03), 10-Q (reporting date: 2018-05-04).
1 Q4 2024 Calculation
Current ratio = Current assets ÷ Current liabilities
= 19,071 ÷ 15,568 = 1.23
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 Q2 2024 to Q3 2024 but then slightly improved from Q3 2024 to Q4 2024. |
Quick Ratio
Lowe’s Cos. Inc., quick ratio calculation (quarterly data)
| Feb 2, 2024 | Nov 3, 2023 | Aug 4, 2023 | May 5, 2023 | Feb 3, 2023 | Oct 28, 2022 | Jul 29, 2022 | Apr 29, 2022 | Jan 28, 2022 | Oct 29, 2021 | Jul 30, 2021 | Apr 30, 2021 | Jan 29, 2021 | Oct 30, 2020 | Jul 31, 2020 | May 1, 2020 | Jan 31, 2020 | Nov 1, 2019 | Aug 2, 2019 | May 3, 2019 | Feb 1, 2019 | Nov 2, 2018 | Aug 3, 2018 | May 4, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||
| Cash and cash equivalents | 921) | 1,210) | 3,494) | 2,950) | 1,348) | 3,192) | 1,482) | 3,414) | 1,133) | 6,121) | 4,835) | 6,692) | 4,690) | 8,249) | 11,641) | 5,955) | 716) | 794) | 1,796) | 2,973) | 511) | 1,668) | 2,251) | 1,565) | |||||||
| Short-term investments | 307) | 321) | 374) | 423) | 384) | 464) | 450) | 368) | 271) | 552) | 1,420) | 454) | 506) | 1,852) | 1,085) | 201) | 160) | 127) | 275) | 190) | 218) | 208) | 391) | 205) | |||||||
| Total quick assets | 1,228) | 1,531) | 3,868) | 3,373) | 1,732) | 3,656) | 1,932) | 3,782) | 1,404) | 6,673) | 6,255) | 7,146) | 5,196) | 10,101) | 12,726) | 6,156) | 876) | 921) | 2,071) | 3,163) | 729) | 1,876) | 2,642) | 1,770) | |||||||
| Current liabilities | 15,568) | 16,496) | 17,612) | 19,210) | 19,511) | 20,876) | 20,366) | 21,831) | 19,668) | 20,834) | 21,664) | 22,892) | 18,730) | 19,564) | 21,370) | 18,325) | 15,182) | 15,063) | 15,835) | 17,781) | 14,497) | 15,069) | 14,581) | 15,774) | |||||||
| Liquidity Ratio | |||||||||||||||||||||||||||||||
| Quick ratio1 | 0.08 | 0.09 | 0.22 | 0.18 | 0.09 | 0.18 | 0.09 | 0.17 | 0.07 | 0.32 | 0.29 | 0.31 | 0.28 | 0.52 | 0.60 | 0.34 | 0.06 | 0.06 | 0.13 | 0.18 | 0.05 | 0.12 | 0.18 | 0.11 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||||
| Quick Ratio, Competitors2 | |||||||||||||||||||||||||||||||
| Amazon.com Inc. | — | — | — | — | 0.53 | 0.44 | 0.43 | 0.44 | 0.45 | 0.42 | 0.43 | 0.48 | 0.68 | 0.64 | 0.76 | 0.63 | 0.67 | 0.67 | 0.76 | 0.62 | 0.63 | 0.60 | 0.60 | 0.58 | |||||||
| Home Depot Inc. | 0.32 | 0.25 | 0.27 | 0.22 | 0.26 | 0.26 | 0.18 | 0.22 | 0.20 | 0.32 | 0.30 | 0.37 | 0.47 | 0.68 | 0.69 | 0.48 | 0.23 | 0.23 | 0.26 | 0.21 | 0.22 | 0.22 | 0.31 | 0.33 | |||||||
| TJX Cos. Inc. | 0.59 | 0.42 | 0.49 | 0.53 | 0.59 | 0.35 | 0.40 | 0.49 | 0.64 | 0.65 | 0.77 | 0.95 | 1.01 | 0.93 | 0.92 | 0.96 | 0.50 | 0.33 | 0.39 | 0.40 | 0.61 | 0.52 | 0.63 | 0.70 | |||||||
Based on: 10-K (reporting date: 2024-02-02), 10-Q (reporting date: 2023-11-03), 10-Q (reporting date: 2023-08-04), 10-Q (reporting date: 2023-05-05), 10-K (reporting date: 2023-02-03), 10-Q (reporting date: 2022-10-28), 10-Q (reporting date: 2022-07-29), 10-Q (reporting date: 2022-04-29), 10-K (reporting date: 2022-01-28), 10-Q (reporting date: 2021-10-29), 10-Q (reporting date: 2021-07-30), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-29), 10-Q (reporting date: 2020-10-30), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-05-01), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-11-01), 10-Q (reporting date: 2019-08-02), 10-Q (reporting date: 2019-05-03), 10-K (reporting date: 2019-02-01), 10-Q (reporting date: 2018-11-02), 10-Q (reporting date: 2018-08-03), 10-Q (reporting date: 2018-05-04).
1 Q4 2024 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 1,228 ÷ 15,568 = 0.08
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 Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024. |
Cash Ratio
Lowe’s Cos. Inc., cash ratio calculation (quarterly data)
| Feb 2, 2024 | Nov 3, 2023 | Aug 4, 2023 | May 5, 2023 | Feb 3, 2023 | Oct 28, 2022 | Jul 29, 2022 | Apr 29, 2022 | Jan 28, 2022 | Oct 29, 2021 | Jul 30, 2021 | Apr 30, 2021 | Jan 29, 2021 | Oct 30, 2020 | Jul 31, 2020 | May 1, 2020 | Jan 31, 2020 | Nov 1, 2019 | Aug 2, 2019 | May 3, 2019 | Feb 1, 2019 | Nov 2, 2018 | Aug 3, 2018 | May 4, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||
| Cash and cash equivalents | 921) | 1,210) | 3,494) | 2,950) | 1,348) | 3,192) | 1,482) | 3,414) | 1,133) | 6,121) | 4,835) | 6,692) | 4,690) | 8,249) | 11,641) | 5,955) | 716) | 794) | 1,796) | 2,973) | 511) | 1,668) | 2,251) | 1,565) | |||||||
| Short-term investments | 307) | 321) | 374) | 423) | 384) | 464) | 450) | 368) | 271) | 552) | 1,420) | 454) | 506) | 1,852) | 1,085) | 201) | 160) | 127) | 275) | 190) | 218) | 208) | 391) | 205) | |||||||
| Total cash assets | 1,228) | 1,531) | 3,868) | 3,373) | 1,732) | 3,656) | 1,932) | 3,782) | 1,404) | 6,673) | 6,255) | 7,146) | 5,196) | 10,101) | 12,726) | 6,156) | 876) | 921) | 2,071) | 3,163) | 729) | 1,876) | 2,642) | 1,770) | |||||||
| Current liabilities | 15,568) | 16,496) | 17,612) | 19,210) | 19,511) | 20,876) | 20,366) | 21,831) | 19,668) | 20,834) | 21,664) | 22,892) | 18,730) | 19,564) | 21,370) | 18,325) | 15,182) | 15,063) | 15,835) | 17,781) | 14,497) | 15,069) | 14,581) | 15,774) | |||||||
| Liquidity Ratio | |||||||||||||||||||||||||||||||
| Cash ratio1 | 0.08 | 0.09 | 0.22 | 0.18 | 0.09 | 0.18 | 0.09 | 0.17 | 0.07 | 0.32 | 0.29 | 0.31 | 0.28 | 0.52 | 0.60 | 0.34 | 0.06 | 0.06 | 0.13 | 0.18 | 0.05 | 0.12 | 0.18 | 0.11 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||||
| Cash Ratio, Competitors2 | |||||||||||||||||||||||||||||||
| Amazon.com Inc. | — | — | — | — | 0.53 | 0.44 | 0.43 | 0.44 | 0.45 | 0.42 | 0.43 | 0.48 | 0.68 | 0.64 | 0.76 | 0.63 | 0.67 | 0.67 | 0.76 | 0.62 | 0.63 | 0.60 | 0.60 | 0.58 | |||||||
| Home Depot Inc. | 0.17 | 0.09 | 0.12 | 0.05 | 0.12 | 0.10 | 0.05 | 0.09 | 0.08 | 0.19 | 0.17 | 0.24 | 0.34 | 0.58 | 0.58 | 0.37 | 0.12 | 0.11 | 0.14 | 0.10 | 0.11 | 0.10 | 0.19 | 0.20 | |||||||
| TJX Cos. Inc. | 0.54 | 0.37 | 0.44 | 0.48 | 0.53 | 0.30 | 0.35 | 0.43 | 0.59 | 0.60 | 0.71 | 0.89 | 0.97 | 0.90 | 0.87 | 0.92 | 0.45 | 0.27 | 0.33 | 0.34 | 0.55 | 0.45 | 0.56 | 0.63 | |||||||
Based on: 10-K (reporting date: 2024-02-02), 10-Q (reporting date: 2023-11-03), 10-Q (reporting date: 2023-08-04), 10-Q (reporting date: 2023-05-05), 10-K (reporting date: 2023-02-03), 10-Q (reporting date: 2022-10-28), 10-Q (reporting date: 2022-07-29), 10-Q (reporting date: 2022-04-29), 10-K (reporting date: 2022-01-28), 10-Q (reporting date: 2021-10-29), 10-Q (reporting date: 2021-07-30), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-29), 10-Q (reporting date: 2020-10-30), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-05-01), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-11-01), 10-Q (reporting date: 2019-08-02), 10-Q (reporting date: 2019-05-03), 10-K (reporting date: 2019-02-01), 10-Q (reporting date: 2018-11-02), 10-Q (reporting date: 2018-08-03), 10-Q (reporting date: 2018-05-04).
1 Q4 2024 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 1,228 ÷ 15,568 = 0.08
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 Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024. |