Current Ratio
since 2005
Calculation
Williams-Sonoma Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Jan 28, 2024 | 1.45 | = | 2,719,797) | ÷ | 1,880,315) |
| Jan 29, 2023 | 1.24 | = | 2,036,080) | ÷ | 1,636,451) |
| Jan 30, 2022 | 1.31 | = | 2,323,894) | ÷ | 1,771,686) |
| Jan 31, 2021 | 1.34 | = | 2,467,080) | ÷ | 1,848,000) |
| Feb 2, 2020 | 1.09 | = | 1,755,635) | ÷ | 1,609,555) |
| Feb 3, 2019 | 1.58 | = | 1,694,343) | ÷ | 1,074,812) |
| Jan 28, 2018 | 1.62 | = | 1,636,445) | ÷ | 1,007,823) |
| Jan 29, 2017 | 1.42 | = | 1,367,180) | ÷ | 961,256) |
| Jan 31, 2016 | 1.34 | = | 1,336,100) | ÷ | 996,427) |
| Feb 1, 2015 | 1.59 | = | 1,391,923) | ÷ | 875,948) |
| Feb 2, 2014 | 1.65 | = | 1,419,103) | ÷ | 861,096) |
| Feb 3, 2013 | 2.00 | = | 1,316,772) | ÷ | 657,127) |
| Jan 29, 2012 | 2.23 | = | 1,276,366) | ÷ | 571,799) |
| Jan 30, 2011 | 2.20 | = | 1,347,594) | ÷ | 611,716) |
| Jan 31, 2010 | 2.09 | = | 1,180,193) | ÷ | 563,482) |
| Feb 1, 2009 | 2.04 | = | 940,673) | ÷ | 460,737) |
| Feb 3, 2008 | 1.72 | = | 1,049,775) | ÷ | 611,534) |
| Jan 28, 2007 | 1.75 | = | 1,100,963) | ÷ | 627,734) |
| Jan 29, 2006 | 1.83 | = | 1,083,164) | ÷ | 590,392) |
| Jan 30, 2005 | 1.67 | = | 873,765) | ÷ | 522,157) |
Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03), 10-K (reporting date: 2018-01-28), 10-K (reporting date: 2017-01-29), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-02-01), 10-K (reporting date: 2014-02-02), 10-K (reporting date: 2013-02-03), 10-K (reporting date: 2012-01-29), 10-K (reporting date: 2011-01-30), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-02-01), 10-K (reporting date: 2008-02-03), 10-K (reporting date: 2007-01-28), 10-K (reporting date: 2006-01-29), 10-K (reporting date: 2005-01-30).
1 US$ in thousands
The liquidity profile over the nearly two-decade period demonstrates a transition from a high-liquidity posture to a more lean operating model, characterized by significant fluctuations in the relationship between current assets and current liabilities.
- Liquidity Expansion (2005–2012)
- A consistent strengthening of the current ratio is observed during this period, rising from 1.67 in 2005 to a peak of 2.23 in 2012. This trend was driven by current assets growing from approximately 873.8 million to 1.28 billion, while current liabilities grew at a slower pace, indicating a substantial increase in the margin of safety for meeting short-term obligations.
- Liquidity Contraction and Stabilization (2013–2019)
- A downward trend in the current ratio began in 2013, falling from 2.00 to 1.34 by 2016. This decline coincides with a period where current liabilities increased more aggressively than current assets, particularly between 2013 and 2014 when liabilities rose from 657.1 million to 861.1 million. The ratio subsequently stabilized between 1.42 and 1.62 from 2017 through 2019.
- Volatility and Recent Recovery (2020–2024)
- A sharp contraction in liquidity occurred in 2020, with the current ratio dropping to its lowest point of 1.09. This was precipitated by a surge in current liabilities, which reached 1.61 billion. However, a recovery phase followed, with current assets expanding significantly to 2.72 billion by 2024. The current ratio has since improved and stabilized, ending the period at 1.45 in 2024, reflecting a balanced approach to managing short-term working capital.
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Comparison to Competitors
Williams-Sonoma Inc., current ratio, long-term trends, comparison to competitors
| Williams-Sonoma Inc. | Amazon.com Inc. | Home Depot Inc. | Lowe’s Cos. Inc. | TJX Cos. Inc. | |
|---|---|---|---|---|---|
| Jan 28, 2024 | 1.45 | 1.06 | 1.35 | 1.23 | 1.21 |
| Jan 29, 2023 | 1.24 | 1.05 | 1.41 | 1.10 | 1.21 |
| Jan 30, 2022 | 1.31 | 0.94 | 1.01 | 1.02 | 1.27 |
| Jan 31, 2021 | 1.34 | 1.14 | 1.23 | 1.19 | 1.46 |
| Feb 2, 2020 | 1.09 | 1.05 | 1.08 | 1.01 | 1.24 |
| Feb 3, 2019 | 1.58 | 1.10 | 1.11 | 0.98 | 1.53 |
| Jan 28, 2018 | 1.62 | 1.10 | 1.17 | 1.06 | 1.66 |
| Jan 29, 2017 | 1.42 | 1.04 | 1.25 | 1.00 | 1.63 |
| Jan 31, 2016 | 1.34 | 1.04 | 1.36 | 1.01 | 1.54 |
| Feb 1, 2015 | 1.59 | 1.08 | 1.36 | 1.08 | 1.71 |
| Feb 2, 2014 | 1.65 | 1.12 | 1.42 | 1.16 | 1.72 |
| Feb 3, 2013 | 2.00 | 1.07 | 1.34 | 1.27 | 1.52 |
| Jan 29, 2012 | 2.23 | 1.12 | 1.55 | 1.28 | 1.68 |
| Jan 30, 2011 | 2.20 | 1.17 | 1.33 | 1.40 | 1.63 |
| Jan 31, 2010 | 2.09 | 1.33 | 1.34 | 1.32 | 1.66 |
| Feb 1, 2009 | 2.04 | 1.33 | 1.20 | 1.15 | 1.31 |
| Feb 3, 2008 | 1.72 | 1.30 | 1.15 | 1.12 | 1.45 |
| Jan 28, 2007 | 1.75 | 1.39 | 1.39 | 1.27 | 1.57 |
| Jan 29, 2006 | 1.83 | 1.33 | 1.19 | 1.34 | 1.39 |
| Jan 30, 2005 | 1.67 | 1.52 | 1.35 | 1.22 | 1.32 |
Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03), 10-K (reporting date: 2018-01-28), 10-K (reporting date: 2017-01-29), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-02-01), 10-K (reporting date: 2014-02-02), 10-K (reporting date: 2013-02-03), 10-K (reporting date: 2012-01-29), 10-K (reporting date: 2011-01-30), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-02-01), 10-K (reporting date: 2008-02-03), 10-K (reporting date: 2007-01-28), 10-K (reporting date: 2006-01-29), 10-K (reporting date: 2005-01-30).
Comparison to Sector (Consumer Discretionary Distribution & Retail)
Williams-Sonoma Inc., current ratio, long-term trends, comparison to sector (consumer discretionary distribution & retail)
| Williams-Sonoma Inc. | Consumer Discretionary Distribution & Retail | |
|---|---|---|
| Jan 28, 2024 | 1.45 | 1.11 |
| Jan 29, 2023 | 1.24 | 1.10 |
| Jan 30, 2022 | 1.31 | 0.98 |
| Jan 31, 2021 | 1.34 | 1.17 |
| Feb 2, 2020 | 1.09 | 1.06 |
| Feb 3, 2019 | 1.58 | 1.10 |
| Jan 28, 2018 | 1.62 | 1.13 |
| Jan 29, 2017 | 1.42 | 1.10 |
| Jan 31, 2016 | 1.34 | 1.12 |
| Feb 1, 2015 | 1.59 | 1.17 |
| Feb 2, 2014 | 1.65 | 1.23 |
| Feb 3, 2013 | 2.00 | 1.21 |
| Jan 29, 2012 | 2.23 | 1.30 |
| Jan 30, 2011 | 2.20 | 1.31 |
| Jan 31, 2010 | 2.09 | 1.36 |
| Feb 1, 2009 | 2.04 | 1.23 |
| Feb 3, 2008 | 1.72 | 1.20 |
| Jan 28, 2007 | 1.75 | 1.38 |
| Jan 29, 2006 | 1.83 | 1.26 |
| Jan 30, 2005 | 1.67 | 1.32 |
Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03), 10-K (reporting date: 2018-01-28), 10-K (reporting date: 2017-01-29), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-02-01), 10-K (reporting date: 2014-02-02), 10-K (reporting date: 2013-02-03), 10-K (reporting date: 2012-01-29), 10-K (reporting date: 2011-01-30), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-02-01), 10-K (reporting date: 2008-02-03), 10-K (reporting date: 2007-01-28), 10-K (reporting date: 2006-01-29), 10-K (reporting date: 2005-01-30).
Comparison to Industry (Consumer Discretionary)
Williams-Sonoma Inc., current ratio, long-term trends, comparison to industry (consumer discretionary)
| Williams-Sonoma Inc. | Consumer Discretionary | |
|---|---|---|
| Jan 28, 2024 | 1.45 | 1.22 |
| Jan 29, 2023 | 1.24 | 1.20 |
| Jan 30, 2022 | 1.31 | 1.15 |
| Jan 31, 2021 | 1.34 | 1.25 |
| Feb 2, 2020 | 1.09 | 1.19 |
| Feb 3, 2019 | 1.58 | 1.10 |
| Jan 28, 2018 | 1.62 | 1.15 |
| Jan 29, 2017 | 1.42 | 1.15 |
| Jan 31, 2016 | 1.34 | 1.12 |
| Feb 1, 2015 | 1.59 | 1.25 |
| Feb 2, 2014 | 1.65 | 1.11 |
| Feb 3, 2013 | 2.00 | 1.15 |
| Jan 29, 2012 | 2.23 | 1.14 |
| Jan 30, 2011 | 2.20 | 1.31 |
| Jan 31, 2010 | 2.09 | 1.24 |
| Feb 1, 2009 | 2.04 | 1.25 |
| Feb 3, 2008 | 1.72 | 0.96 |
| Jan 28, 2007 | 1.75 | 1.21 |
| Jan 29, 2006 | 1.83 | 1.15 |
| Jan 30, 2005 | 1.67 | 1.10 |
Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03), 10-K (reporting date: 2018-01-28), 10-K (reporting date: 2017-01-29), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-02-01), 10-K (reporting date: 2014-02-02), 10-K (reporting date: 2013-02-03), 10-K (reporting date: 2012-01-29), 10-K (reporting date: 2011-01-30), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-02-01), 10-K (reporting date: 2008-02-03), 10-K (reporting date: 2007-01-28), 10-K (reporting date: 2006-01-29), 10-K (reporting date: 2005-01-30).