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
Jan 31, 2025 Feb 2, 2024 Feb 3, 2023 Jan 28, 2022 Jan 29, 2021 Jan 31, 2020
Current ratio 1.09 1.23 1.10 1.02 1.19 1.01
Quick ratio 0.11 0.08 0.09 0.07 0.28 0.06
Cash ratio 0.11 0.08 0.09 0.07 0.28 0.06

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).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Lowe’s Cos. Inc. current ratio improved from 2023 to 2024 but then deteriorated significantly from 2024 to 2025.
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 2023 to 2024 but then improved from 2024 to 2025 exceeding 2023 level.
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 2023 to 2024 but then improved from 2024 to 2025 exceeding 2023 level.

Current Ratio

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

Microsoft Excel
Jan 31, 2025 Feb 2, 2024 Feb 3, 2023 Jan 28, 2022 Jan 29, 2021 Jan 31, 2020
Selected Financial Data (US$ in millions)
Current assets 20,358 19,071 21,442 20,060 22,326 15,318
Current liabilities 18,757 15,568 19,511 19,668 18,730 15,182
Liquidity Ratio
Current ratio1 1.09 1.23 1.10 1.02 1.19 1.01
Benchmarks
Current Ratio, Competitors2
Amazon.com Inc. 1.06 1.05 0.94 1.14 1.05
Home Depot Inc. 1.11 1.35 1.41 1.01 1.23 1.08
TJX Cos. Inc. 1.21 1.21 1.27 1.46 1.24
Current Ratio, Sector
Consumer Discretionary Distribution & Retail 1.11 1.10 0.98 1.17 1.06
Current Ratio, Industry
Consumer Discretionary 1.22 1.20 1.15 1.25 1.18

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).

1 2025 Calculation
Current ratio = Current assets ÷ Current liabilities
= 20,358 ÷ 18,757 = 1.09

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 improved from 2023 to 2024 but then deteriorated significantly from 2024 to 2025.

Quick Ratio

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

Microsoft Excel
Jan 31, 2025 Feb 2, 2024 Feb 3, 2023 Jan 28, 2022 Jan 29, 2021 Jan 31, 2020
Selected Financial Data (US$ in millions)
Cash and cash equivalents 1,761 921 1,348 1,133 4,690 716
Short-term investments 372 307 384 271 506 160
Accounts receivable
Total quick assets 2,133 1,228 1,732 1,404 5,196 876
 
Current liabilities 18,757 15,568 19,511 19,668 18,730 15,182
Liquidity Ratio
Quick ratio1 0.11 0.08 0.09 0.07 0.28 0.06
Benchmarks
Quick Ratio, Competitors2
Amazon.com Inc. 0.84 0.81 0.69 0.86 0.83
Home Depot Inc. 0.23 0.32 0.26 0.20 0.47 0.23
TJX Cos. Inc. 0.59 0.59 0.64 1.01 0.50
Quick Ratio, Sector
Consumer Discretionary Distribution & Retail 0.73 0.68 0.57 0.77 0.68
Quick Ratio, Industry
Consumer Discretionary 0.90 0.85 0.81 0.92 0.88

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).

1 2025 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 2,133 ÷ 18,757 = 0.11

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 2023 to 2024 but then improved from 2024 to 2025 exceeding 2023 level.

Cash Ratio

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

Microsoft Excel
Jan 31, 2025 Feb 2, 2024 Feb 3, 2023 Jan 28, 2022 Jan 29, 2021 Jan 31, 2020
Selected Financial Data (US$ in millions)
Cash and cash equivalents 1,761 921 1,348 1,133 4,690 716
Short-term investments 372 307 384 271 506 160
Total cash assets 2,133 1,228 1,732 1,404 5,196 876
 
Current liabilities 18,757 15,568 19,511 19,668 18,730 15,182
Liquidity Ratio
Cash ratio1 0.11 0.08 0.09 0.07 0.28 0.06
Benchmarks
Cash Ratio, Competitors2
Amazon.com Inc. 0.56 0.53 0.45 0.68 0.67
Home Depot Inc. 0.06 0.17 0.12 0.08 0.34 0.12
TJX Cos. Inc. 0.54 0.53 0.59 0.97 0.45
Cash Ratio, Sector
Consumer Discretionary Distribution & Retail 0.49 0.44 0.37 0.61 0.54
Cash Ratio, Industry
Consumer Discretionary 0.51 0.48 0.47 0.63 0.58

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).

1 2025 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 2,133 ÷ 18,757 = 0.11

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 2023 to 2024 but then improved from 2024 to 2025 exceeding 2023 level.