Analysis of Liquidity Ratios
Quarterly Data
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Ross Stores Inc., liquidity ratios (quarterly data)
Based on: 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29), 10-K (reporting date: 2017-01-28), 10-Q (reporting date: 2016-10-29), 10-Q (reporting date: 2016-07-30), 10-Q (reporting date: 2016-04-30).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Ross Stores Inc. current ratio improved from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Ross Stores Inc. quick ratio improved from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Ross Stores Inc. cash ratio improved from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
Current Ratio
Ross Stores Inc., current ratio calculation (quarterly data)
| Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | Feb 2, 2019 | Nov 3, 2018 | Aug 4, 2018 | May 5, 2018 | Feb 3, 2018 | Oct 28, 2017 | Jul 29, 2017 | Apr 29, 2017 | Jan 28, 2017 | Oct 29, 2016 | Jul 30, 2016 | Apr 30, 2016 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||||||||
| Current assets | 6,761,189) | 6,985,071) | 7,048,002) | 7,473,176) | 7,844,911) | 7,672,849) | 7,431,528) | 6,692,491) | 6,516,567) | 5,347,361) | 4,587,915) | 3,432,828) | 3,606,662) | 3,515,918) | 3,462,705) | 3,404,019) | 3,623,307) | 3,379,655) | 3,454,079) | 3,151,157) | 3,235,945) | 3,004,417) | 3,064,735) | 2,813,049) | 2,875,376) | 2,713,680) | 2,629,123) | ||||||||
| Current liabilities | 3,464,230) | 3,644,981) | 3,756,062) | 4,214,929) | 4,476,309) | 4,336,190) | 4,318,395) | 3,967,033) | 3,941,629) | 3,153,072) | 2,623,617) | 2,701,934) | 2,858,238) | 2,679,408) | 2,593,511) | 2,009,484) | 2,252,294) | 1,978,147) | 2,106,625) | 1,926,402) | 2,056,242) | 1,828,961) | 1,937,723) | 1,752,506) | 1,887,944) | 1,751,181) | 1,750,896) | ||||||||
| Liquidity Ratio | |||||||||||||||||||||||||||||||||||
| Current ratio1 | 1.95 | 1.92 | 1.88 | 1.77 | 1.75 | 1.77 | 1.72 | 1.69 | 1.65 | 1.70 | 1.75 | 1.27 | 1.26 | 1.31 | 1.34 | 1.69 | 1.61 | 1.71 | 1.64 | 1.64 | 1.57 | 1.64 | 1.58 | 1.61 | 1.52 | 1.55 | 1.50 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| Current Ratio, Competitors2 | |||||||||||||||||||||||||||||||||||
| Amazon.com Inc. | 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. | 1.39 | 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 | — | — | — | — | — | — | — | — | ||||||||
| Lowe’s Cos. Inc. | 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 | — | — | — | — | — | — | — | — | ||||||||
| TJX Cos. Inc. | 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-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29), 10-K (reporting date: 2017-01-28), 10-Q (reporting date: 2016-10-29), 10-Q (reporting date: 2016-07-30), 10-Q (reporting date: 2016-04-30).
1 Q3 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 6,761,189 ÷ 3,464,230 = 1.95
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. | Ross Stores Inc. current ratio improved from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
Quick Ratio
Ross Stores Inc., quick ratio calculation (quarterly data)
| Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | Feb 2, 2019 | Nov 3, 2018 | Aug 4, 2018 | May 5, 2018 | Feb 3, 2018 | Oct 28, 2017 | Jul 29, 2017 | Apr 29, 2017 | Jan 28, 2017 | Oct 29, 2016 | Jul 30, 2016 | Apr 30, 2016 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||||||||
| Cash and cash equivalents | 3,906,490) | 3,903,670) | 4,015,567) | 4,922,365) | 5,259,595) | 5,569,071) | 5,367,006) | 4,819,293) | 4,416,124) | 3,793,043) | 2,669,535) | 1,351,205) | 1,142,709) | 1,382,025) | 1,366,592) | 1,412,912) | 1,349,196) | 1,386,935) | 1,302,836) | 1,290,294) | 1,144,169) | 1,150,932) | 1,244,219) | 1,111,599) | 878,811) | 927,718) | 910,025) | ||||||||
| Short-term investments | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | 512) | 518) | —) | —) | —) | 803) | 1,213) | 1,727) | ||||||||
| Accounts receivable | 168,483) | 167,503) | 164,071) | 119,247) | 158,765) | 159,163) | 167,139) | 115,067) | 122,654) | 162,723) | 49,624) | 102,236) | 124,853) | 130,439) | 121,607) | 96,711) | 117,825) | 121,508) | 109,425) | 87,868) | 103,071) | 103,359) | 100,840) | 75,154) | 91,355) | 97,139) | 96,244) | ||||||||
| Total quick assets | 4,074,973) | 4,071,173) | 4,179,638) | 5,041,612) | 5,418,360) | 5,728,234) | 5,534,145) | 4,934,360) | 4,538,778) | 3,955,766) | 2,719,159) | 1,453,441) | 1,267,562) | 1,512,464) | 1,488,199) | 1,509,623) | 1,467,021) | 1,508,443) | 1,412,261) | 1,378,674) | 1,247,758) | 1,254,291) | 1,345,059) | 1,186,753) | 970,969) | 1,026,070) | 1,007,996) | ||||||||
| Current liabilities | 3,464,230) | 3,644,981) | 3,756,062) | 4,214,929) | 4,476,309) | 4,336,190) | 4,318,395) | 3,967,033) | 3,941,629) | 3,153,072) | 2,623,617) | 2,701,934) | 2,858,238) | 2,679,408) | 2,593,511) | 2,009,484) | 2,252,294) | 1,978,147) | 2,106,625) | 1,926,402) | 2,056,242) | 1,828,961) | 1,937,723) | 1,752,506) | 1,887,944) | 1,751,181) | 1,750,896) | ||||||||
| Liquidity Ratio | |||||||||||||||||||||||||||||||||||
| Quick ratio1 | 1.18 | 1.12 | 1.11 | 1.20 | 1.21 | 1.32 | 1.28 | 1.24 | 1.15 | 1.25 | 1.04 | 0.54 | 0.44 | 0.56 | 0.57 | 0.75 | 0.65 | 0.76 | 0.67 | 0.72 | 0.61 | 0.69 | 0.69 | 0.68 | 0.51 | 0.59 | 0.58 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| Quick Ratio, Competitors2 | |||||||||||||||||||||||||||||||||||
| Amazon.com Inc. | 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. | 0.26 | 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 | — | — | — | — | — | — | — | — | ||||||||
| Lowe’s Cos. Inc. | 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 | — | — | — | — | — | — | — | — | ||||||||
| TJX Cos. Inc. | 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-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29), 10-K (reporting date: 2017-01-28), 10-Q (reporting date: 2016-10-29), 10-Q (reporting date: 2016-07-30), 10-Q (reporting date: 2016-04-30).
1 Q3 2023 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 4,074,973 ÷ 3,464,230 = 1.18
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. | Ross Stores Inc. quick ratio improved from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
Cash Ratio
Ross Stores Inc., cash ratio calculation (quarterly data)
| Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | Feb 2, 2019 | Nov 3, 2018 | Aug 4, 2018 | May 5, 2018 | Feb 3, 2018 | Oct 28, 2017 | Jul 29, 2017 | Apr 29, 2017 | Jan 28, 2017 | Oct 29, 2016 | Jul 30, 2016 | Apr 30, 2016 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||||||||
| Cash and cash equivalents | 3,906,490) | 3,903,670) | 4,015,567) | 4,922,365) | 5,259,595) | 5,569,071) | 5,367,006) | 4,819,293) | 4,416,124) | 3,793,043) | 2,669,535) | 1,351,205) | 1,142,709) | 1,382,025) | 1,366,592) | 1,412,912) | 1,349,196) | 1,386,935) | 1,302,836) | 1,290,294) | 1,144,169) | 1,150,932) | 1,244,219) | 1,111,599) | 878,811) | 927,718) | 910,025) | ||||||||
| Short-term investments | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | 512) | 518) | —) | —) | —) | 803) | 1,213) | 1,727) | ||||||||
| Total cash assets | 3,906,490) | 3,903,670) | 4,015,567) | 4,922,365) | 5,259,595) | 5,569,071) | 5,367,006) | 4,819,293) | 4,416,124) | 3,793,043) | 2,669,535) | 1,351,205) | 1,142,709) | 1,382,025) | 1,366,592) | 1,412,912) | 1,349,196) | 1,386,935) | 1,302,836) | 1,290,806) | 1,144,687) | 1,150,932) | 1,244,219) | 1,111,599) | 879,614) | 928,931) | 911,752) | ||||||||
| Current liabilities | 3,464,230) | 3,644,981) | 3,756,062) | 4,214,929) | 4,476,309) | 4,336,190) | 4,318,395) | 3,967,033) | 3,941,629) | 3,153,072) | 2,623,617) | 2,701,934) | 2,858,238) | 2,679,408) | 2,593,511) | 2,009,484) | 2,252,294) | 1,978,147) | 2,106,625) | 1,926,402) | 2,056,242) | 1,828,961) | 1,937,723) | 1,752,506) | 1,887,944) | 1,751,181) | 1,750,896) | ||||||||
| Liquidity Ratio | |||||||||||||||||||||||||||||||||||
| Cash ratio1 | 1.13 | 1.07 | 1.07 | 1.17 | 1.17 | 1.28 | 1.24 | 1.21 | 1.12 | 1.20 | 1.02 | 0.50 | 0.40 | 0.52 | 0.53 | 0.70 | 0.60 | 0.70 | 0.62 | 0.67 | 0.56 | 0.63 | 0.64 | 0.63 | 0.47 | 0.53 | 0.52 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| Cash Ratio, Competitors2 | |||||||||||||||||||||||||||||||||||
| Amazon.com Inc. | 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. | 0.10 | 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 | — | — | — | — | — | — | — | — | ||||||||
| Lowe’s Cos. Inc. | 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 | — | — | — | — | — | — | — | — | ||||||||
| TJX Cos. Inc. | 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-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29), 10-K (reporting date: 2017-01-28), 10-Q (reporting date: 2016-10-29), 10-Q (reporting date: 2016-07-30), 10-Q (reporting date: 2016-04-30).
1 Q3 2023 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 3,906,490 ÷ 3,464,230 = 1.13
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. | Ross Stores Inc. cash ratio improved from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |