Question

• look at kroger company's most current two years:
  

  1. Compute the current and quick ratios.

  2. Compute the total liabilities to equity and long-term debt to equity ratios.

  3. Compute the times interest earned ratios.

  4. Summarize your findings in a conclusion about your company's credit risk.

THE KROGER CO. CONSOLIDATED BALANCE SHEETS February 1, February 2019 5 422 399 1,179 (Inmens, wept paramos) ASSETS Current assets Cash and temporary cash investments Store deposits in-transit Receivables FIFO inventory LIFO reserve Assets held for sale Prepaid and other current assets Total current assets 464 (130 1,585 R123 522 1. 166 302 100 21,69 21,871 6,814 1066 3016 1,539 Property, plant and equipment, net Operating lease assets Intangibles, net Goodwill Other assets 1,258 1,335 4256 38,113 Total Assets 13 1965 592 6. 1,168 1,221 LIABILITIES Current liabilities Current portion of long-term debt including obligations under finance leases Current portion of operating lease liabilities Trade accounts payable Accrued salaries and wages Liabilities held for sale Other current liabilities Total current liabilities 4.14 14,243 TD 14214 120017 12.111 6501 1.466 1 102 404 Long-term debt including obligations under finance leases Noncurrent operating lease liabilities Deferred income taxes Pension and postretirement benefit obligations Other long-term liabilities 16 Total Liabilities Commitments and contingencies see Note 13 SHAREHOLDERS' EQUITY

Answer 1

1	Current Ratios & Quick Ratios of The Kroger Co.
	Current Ratio	=	Current Assets / Current Liabilities
	Quick Ratio	=	Quick Assets / Current Liabilities
	Quick Assets	=	Cash & Cash Equivalents+Accounts Receivable+ Market Securities
	Given That		Feb1 2020	Feb1 2019
	Total Current Assets		10890	10803
	Total Current Liabilities		14243	14274
	Cash & Temporary Cash Investments	399	429
	Receivables		1706	1589
	Current Ratio	=	10890/14243	10803/14274
			0.7646	0.7568
	Quick Ratio		(399+1706)/14243	(429+1589)/14274
			0.1478	0.1414
2	Total Liabilities to Equity and Long Term Debt to Equity Ratios:
	Total Liabilities to Equity Ratio	=	Total Liabilities/Shareholders Equity
	Long Term Debt to Equity Ratio	=	Long term debt/ Equity
	Given That		Feb1 2020	Feb1 2019
	Total Equity		8573	7835
	Total Liabilities		36683	30283
	Total Long Term Liabilities		22440	16009
	(Total Liabilities- Total Current Liabilities)	(36683-14243)	(30283-14274)
	Total Liabilities to Equity Ratio		36683/8573	30283/7835
			4.2789	3.8651
	Long Term Debt to Equity Ratio		22440/8573	16009/7835
			2.6175	2.0433
3	Times Interest Earned Ratio
	Times Interest Earned Ratio	=	Earnings Before Interest & Tax / Interest
			2019	2018
	Given : Net Earnings before IT		1981	3978
	Add : Interest Expense		603	620
	Earnings Before Interest & Tax		2584	4598
	Times Interest Earned Ratio		2584/603	4598/620
			4.2852	7.4161
4	It is observed that Company's Financial position is going worse when compared with Previous Financial Year
	The Ideal Current Ratio is 1.2 to 2 but Kroger Co. Ratio is 0.76 only
	Quick ratio is only 0.15 i.e the liquidity is highly affected if the situation goes wrong.
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