Stock Analysis on Net

Dollar Tree Inc. (NASDAQ:DLTR)

This company has been moved to the archive! The financial data has not been updated since November 22, 2022.

Analysis of Solvency Ratios 
Quarterly Data

Microsoft Excel

Solvency Ratios (Summary)

Dollar Tree Inc., solvency ratios (quarterly data)

Microsoft Excel
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
Debt Ratios
Debt to equity 0.46 0.41 0.41 0.44 0.45 0.46 0.44 0.44 0.51 0.59 0.66 0.60 0.70 0.73 0.74 0.76 0.63 0.66 0.69 0.79 0.94 0.98 1.12 1.17 1.40 1.50 1.57
Debt to equity (including operating lease liability) 1.25 1.19 1.20 1.29 1.35 1.38 1.31 1.32 1.41 1.51 1.60 1.60 1.65 1.75 1.80 0.76 0.63 0.66 0.69 0.79 0.94 0.98 1.12 1.17 1.40 1.50 1.57
Debt to capital 0.31 0.29 0.29 0.31 0.31 0.32 0.30 0.31 0.34 0.37 0.40 0.38 0.41 0.42 0.43 0.43 0.39 0.40 0.41 0.44 0.48 0.50 0.53 0.54 0.58 0.60 0.61
Debt to capital (including operating lease liability) 0.56 0.54 0.55 0.56 0.57 0.58 0.57 0.57 0.58 0.60 0.62 0.62 0.62 0.64 0.64 0.43 0.39 0.40 0.41 0.44 0.48 0.50 0.53 0.54 0.58 0.60 0.61
Debt to assets 0.16 0.15 0.15 0.16 0.15 0.16 0.15 0.16 0.17 0.19 0.21 0.19 0.22 0.22 0.22 0.32 0.30 0.31 0.32 0.35 0.36 0.37 0.39 0.40 0.44 0.45 0.46
Debt to assets (including operating lease liability) 0.45 0.44 0.44 0.46 0.46 0.47 0.46 0.47 0.47 0.50 0.51 0.51 0.51 0.53 0.53 0.32 0.30 0.31 0.32 0.35 0.36 0.37 0.39 0.40 0.44 0.45 0.46
Financial leverage 2.77 2.70 2.71 2.81 2.95 2.92 2.84 2.84 2.97 3.03 3.14 3.13 3.23 3.32 3.36 2.39 2.10 2.11 2.15 2.27 2.57 2.65 2.85 2.91 3.21 3.36 3.44
Coverage Ratios
Interest coverage 12.42 11.98 11.24 10.12 14.33 14.96 14.57 12.81 9.55 8.66 7.71 7.78 -6.71 -6.31 -5.46 -2.54 4.89 4.72 4.50 6.65 5.89 4.94 4.61 4.54

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).

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. Dollar Tree Inc. debt to equity ratio improved from Q1 2023 to Q2 2023 but then deteriorated significantly from Q2 2023 to Q3 2023.
Debt to equity (including operating lease liability) ratio A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. Dollar Tree Inc. debt to equity ratio (including operating lease liability) improved from Q1 2023 to Q2 2023 but then deteriorated significantly from Q2 2023 to Q3 2023.
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. Dollar Tree Inc. debt to capital ratio improved from Q1 2023 to Q2 2023 but then deteriorated significantly from Q2 2023 to Q3 2023.
Debt to capital (including operating lease liability) ratio A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. Dollar Tree Inc. debt to capital ratio (including operating lease liability) improved from Q1 2023 to Q2 2023 but then deteriorated significantly from Q2 2023 to Q3 2023.
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. Dollar Tree Inc. debt to assets ratio improved from Q1 2023 to Q2 2023 but then deteriorated significantly from Q2 2023 to Q3 2023.
Debt to assets (including operating lease liability) ratio A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. Dollar Tree Inc. debt to assets ratio (including operating lease liability) improved from Q1 2023 to Q2 2023 but then deteriorated significantly from Q2 2023 to Q3 2023.
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Dollar Tree Inc. financial leverage ratio decreased from Q1 2023 to Q2 2023 but then increased from Q2 2023 to Q3 2023 exceeding Q1 2023 level.

Solvency ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. Dollar Tree Inc. interest coverage ratio improved from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.

Debt to Equity

Dollar Tree Inc., debt to equity calculation (quarterly data)

Microsoft Excel
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 portion of long-term debt 350,000 300,000 800,000 1,050,000 250,000 750,000 750,000 750,000 915,900 165,900 165,900 165,900 152,100 145,800 145,500 120,500
Long-term debt, net, excluding current portion 3,420,400 3,419,300 3,418,100 3,417,000 3,231,100 3,229,500 3,227,800 3,226,200 3,225,300 3,224,300 3,223,300 3,522,200 3,520,200 3,518,600 3,516,900 4,265,300 5,043,800 5,041,800 5,040,100 4,762,100 5,557,000 5,595,000 6,131,700 6,169,700 6,938,000 7,155,700 7,209,800
Total debt 3,770,400 3,419,300 3,418,100 3,417,000 3,231,100 3,229,500 3,227,800 3,226,200 3,525,300 4,024,300 4,273,300 3,772,200 4,270,200 4,268,600 4,266,900 4,265,300 5,043,800 5,041,800 5,040,100 5,678,000 5,722,900 5,760,900 6,297,600 6,321,800 7,083,800 7,301,200 7,330,300
 
Shareholders’ equity 8,275,300 8,396,500 8,241,500 7,718,500 7,244,400 7,011,700 7,411,300 7,285,300 6,961,100 6,813,600 6,520,600 6,254,800 6,121,300 5,865,700 5,755,900 5,642,900 7,943,100 7,647,500 7,355,700 7,182,300 6,116,500 5,860,200 5,609,000 5,389,500 5,047,700 4,856,900 4,669,600
Solvency Ratio
Debt to equity1 0.46 0.41 0.41 0.44 0.45 0.46 0.44 0.44 0.51 0.59 0.66 0.60 0.70 0.73 0.74 0.76 0.63 0.66 0.69 0.79 0.94 0.98 1.12 1.17 1.40 1.50 1.57
Benchmarks
Debt to Equity, Competitors2
Costco Wholesale Corp. 0.28 0.29 0.30 0.32 0.33 0.34 0.40 0.43 0.46 0.49 0.51 0.42 0.54 0.34 0.43 0.45 0.45 0.47 0.49
Dollar General Corp. 0.98 0.84 0.81 0.67 0.67 0.68 0.66 0.62 0.59 0.56 0.55 0.43 0.42 0.38 0.42 0.45 0.46 0.44 0.46
Target Corp. 1.49 1.43 1.34 1.07 0.92 0.86 0.85 0.88 0.95 1.14 1.28 0.97 1.01 0.97 1.12 1.00 1.05 1.00 1.02
Walmart Inc. 0.71 0.65 0.68 0.51 0.52 0.58 0.62 0.60 0.62 0.69 0.85 0.73 0.82 0.81 0.85 0.80 0.85 0.76 0.61

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
Debt to equity = Total debt ÷ Shareholders’ equity
= 3,770,400 ÷ 8,275,300 = 0.46

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. Dollar Tree Inc. debt to equity ratio improved from Q1 2023 to Q2 2023 but then deteriorated significantly from Q2 2023 to Q3 2023.

Debt to Equity (including Operating Lease Liability)

Dollar Tree Inc., debt to equity (including operating lease liability) calculation (quarterly data)

Microsoft Excel
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 portion of long-term debt 350,000 300,000 800,000 1,050,000 250,000 750,000 750,000 750,000 915,900 165,900 165,900 165,900 152,100 145,800 145,500 120,500
Long-term debt, net, excluding current portion 3,420,400 3,419,300 3,418,100 3,417,000 3,231,100 3,229,500 3,227,800 3,226,200 3,225,300 3,224,300 3,223,300 3,522,200 3,520,200 3,518,600 3,516,900 4,265,300 5,043,800 5,041,800 5,040,100 4,762,100 5,557,000 5,595,000 6,131,700 6,169,700 6,938,000 7,155,700 7,209,800
Total debt 3,770,400 3,419,300 3,418,100 3,417,000 3,231,100 3,229,500 3,227,800 3,226,200 3,525,300 4,024,300 4,273,300 3,772,200 4,270,200 4,268,600 4,266,900 4,265,300 5,043,800 5,041,800 5,040,100 5,678,000 5,722,900 5,760,900 6,297,600 6,321,800 7,083,800 7,301,200 7,330,300
Current portion of operating lease liabilities 1,426,700 1,428,300 1,406,700 1,407,800 1,388,000 1,368,600 1,355,600 1,348,200 1,296,500 1,284,600 1,265,000 1,279,300 1,202,600 1,215,000 1,215,900
Operating lease liabilities, long-term 5,155,900 5,139,500 5,087,900 5,145,500 5,151,000 5,078,700 5,099,200 5,065,500 4,962,100 4,981,600 4,885,200 4,979,500 4,636,000 4,767,400 4,849,500
Total debt (including operating lease liability) 10,353,000 9,987,100 9,912,700 9,970,300 9,770,100 9,676,800 9,682,600 9,639,900 9,783,900 10,290,500 10,423,500 10,031,000 10,108,800 10,251,000 10,332,300 4,265,300 5,043,800 5,041,800 5,040,100 5,678,000 5,722,900 5,760,900 6,297,600 6,321,800 7,083,800 7,301,200 7,330,300
 
Shareholders’ equity 8,275,300 8,396,500 8,241,500 7,718,500 7,244,400 7,011,700 7,411,300 7,285,300 6,961,100 6,813,600 6,520,600 6,254,800 6,121,300 5,865,700 5,755,900 5,642,900 7,943,100 7,647,500 7,355,700 7,182,300 6,116,500 5,860,200 5,609,000 5,389,500 5,047,700 4,856,900 4,669,600
Solvency Ratio
Debt to equity (including operating lease liability)1 1.25 1.19 1.20 1.29 1.35 1.38 1.31 1.32 1.41 1.51 1.60 1.60 1.65 1.75 1.80 0.76 0.63 0.66 0.69 0.79 0.94 0.98 1.12 1.17 1.40 1.50 1.57
Benchmarks
Debt to Equity (including Operating Lease Liability), Competitors2
Costco Wholesale Corp. 0.38 0.40 0.42 0.44 0.45 0.48 0.55 0.58 0.62 0.66 0.69 0.56 0.69 0.48 0.58 0.45 0.45 0.47 0.49
Dollar General Corp. 2.70 2.50 2.52 2.28 2.28 2.27 2.20 2.04 1.93 1.80 1.79 1.75 1.71 1.63 1.65 0.45 0.46 0.44 0.46
Target Corp. 1.73 1.67 1.58 1.26 1.11 1.03 1.00 1.03 1.11 1.31 1.48 1.16 1.20 1.15 1.30 1.18 1.24 1.18 1.20
Walmart Inc. 0.90 0.84 0.87 0.69 0.70 0.76 0.80 0.78 0.84 0.92 1.11 0.97 1.06 1.06 1.11 0.80 0.85 0.76 0.61

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
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Shareholders’ equity
= 10,353,000 ÷ 8,275,300 = 1.25

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to equity (including operating lease liability) ratio A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. Dollar Tree Inc. debt to equity ratio (including operating lease liability) improved from Q1 2023 to Q2 2023 but then deteriorated significantly from Q2 2023 to Q3 2023.

Debt to Capital

Dollar Tree Inc., debt to capital calculation (quarterly data)

Microsoft Excel
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 portion of long-term debt 350,000 300,000 800,000 1,050,000 250,000 750,000 750,000 750,000 915,900 165,900 165,900 165,900 152,100 145,800 145,500 120,500
Long-term debt, net, excluding current portion 3,420,400 3,419,300 3,418,100 3,417,000 3,231,100 3,229,500 3,227,800 3,226,200 3,225,300 3,224,300 3,223,300 3,522,200 3,520,200 3,518,600 3,516,900 4,265,300 5,043,800 5,041,800 5,040,100 4,762,100 5,557,000 5,595,000 6,131,700 6,169,700 6,938,000 7,155,700 7,209,800
Total debt 3,770,400 3,419,300 3,418,100 3,417,000 3,231,100 3,229,500 3,227,800 3,226,200 3,525,300 4,024,300 4,273,300 3,772,200 4,270,200 4,268,600 4,266,900 4,265,300 5,043,800 5,041,800 5,040,100 5,678,000 5,722,900 5,760,900 6,297,600 6,321,800 7,083,800 7,301,200 7,330,300
Shareholders’ equity 8,275,300 8,396,500 8,241,500 7,718,500 7,244,400 7,011,700 7,411,300 7,285,300 6,961,100 6,813,600 6,520,600 6,254,800 6,121,300 5,865,700 5,755,900 5,642,900 7,943,100 7,647,500 7,355,700 7,182,300 6,116,500 5,860,200 5,609,000 5,389,500 5,047,700 4,856,900 4,669,600
Total capital 12,045,700 11,815,800 11,659,600 11,135,500 10,475,500 10,241,200 10,639,100 10,511,500 10,486,400 10,837,900 10,793,900 10,027,000 10,391,500 10,134,300 10,022,800 9,908,200 12,986,900 12,689,300 12,395,800 12,860,300 11,839,400 11,621,100 11,906,600 11,711,300 12,131,500 12,158,100 11,999,900
Solvency Ratio
Debt to capital1 0.31 0.29 0.29 0.31 0.31 0.32 0.30 0.31 0.34 0.37 0.40 0.38 0.41 0.42 0.43 0.43 0.39 0.40 0.41 0.44 0.48 0.50 0.53 0.54 0.58 0.60 0.61
Benchmarks
Debt to Capital, Competitors2
Costco Wholesale Corp. 0.22 0.22 0.23 0.24 0.25 0.26 0.29 0.30 0.32 0.33 0.34 0.29 0.35 0.25 0.30 0.31 0.31 0.32 0.33
Dollar General Corp. 0.50 0.46 0.45 0.40 0.40 0.40 0.40 0.38 0.37 0.36 0.35 0.30 0.29 0.28 0.29 0.31 0.31 0.30 0.31
Target Corp. 0.60 0.59 0.57 0.52 0.48 0.46 0.46 0.47 0.49 0.53 0.56 0.49 0.50 0.49 0.53 0.50 0.51 0.50 0.51
Walmart Inc. 0.42 0.40 0.40 0.34 0.34 0.37 0.38 0.38 0.38 0.41 0.46 0.42 0.45 0.45 0.46 0.44 0.46 0.43 0.38

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
Debt to capital = Total debt ÷ Total capital
= 3,770,400 ÷ 12,045,700 = 0.31

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. Dollar Tree Inc. debt to capital ratio improved from Q1 2023 to Q2 2023 but then deteriorated significantly from Q2 2023 to Q3 2023.

Debt to Capital (including Operating Lease Liability)

Dollar Tree Inc., debt to capital (including operating lease liability) calculation (quarterly data)

Microsoft Excel
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 portion of long-term debt 350,000 300,000 800,000 1,050,000 250,000 750,000 750,000 750,000 915,900 165,900 165,900 165,900 152,100 145,800 145,500 120,500
Long-term debt, net, excluding current portion 3,420,400 3,419,300 3,418,100 3,417,000 3,231,100 3,229,500 3,227,800 3,226,200 3,225,300 3,224,300 3,223,300 3,522,200 3,520,200 3,518,600 3,516,900 4,265,300 5,043,800 5,041,800 5,040,100 4,762,100 5,557,000 5,595,000 6,131,700 6,169,700 6,938,000 7,155,700 7,209,800
Total debt 3,770,400 3,419,300 3,418,100 3,417,000 3,231,100 3,229,500 3,227,800 3,226,200 3,525,300 4,024,300 4,273,300 3,772,200 4,270,200 4,268,600 4,266,900 4,265,300 5,043,800 5,041,800 5,040,100 5,678,000 5,722,900 5,760,900 6,297,600 6,321,800 7,083,800 7,301,200 7,330,300
Current portion of operating lease liabilities 1,426,700 1,428,300 1,406,700 1,407,800 1,388,000 1,368,600 1,355,600 1,348,200 1,296,500 1,284,600 1,265,000 1,279,300 1,202,600 1,215,000 1,215,900
Operating lease liabilities, long-term 5,155,900 5,139,500 5,087,900 5,145,500 5,151,000 5,078,700 5,099,200 5,065,500 4,962,100 4,981,600 4,885,200 4,979,500 4,636,000 4,767,400 4,849,500
Total debt (including operating lease liability) 10,353,000 9,987,100 9,912,700 9,970,300 9,770,100 9,676,800 9,682,600 9,639,900 9,783,900 10,290,500 10,423,500 10,031,000 10,108,800 10,251,000 10,332,300 4,265,300 5,043,800 5,041,800 5,040,100 5,678,000 5,722,900 5,760,900 6,297,600 6,321,800 7,083,800 7,301,200 7,330,300
Shareholders’ equity 8,275,300 8,396,500 8,241,500 7,718,500 7,244,400 7,011,700 7,411,300 7,285,300 6,961,100 6,813,600 6,520,600 6,254,800 6,121,300 5,865,700 5,755,900 5,642,900 7,943,100 7,647,500 7,355,700 7,182,300 6,116,500 5,860,200 5,609,000 5,389,500 5,047,700 4,856,900 4,669,600
Total capital (including operating lease liability) 18,628,300 18,383,600 18,154,200 17,688,800 17,014,500 16,688,500 17,093,900 16,925,200 16,745,000 17,104,100 16,944,100 16,285,800 16,230,100 16,116,700 16,088,200 9,908,200 12,986,900 12,689,300 12,395,800 12,860,300 11,839,400 11,621,100 11,906,600 11,711,300 12,131,500 12,158,100 11,999,900
Solvency Ratio
Debt to capital (including operating lease liability)1 0.56 0.54 0.55 0.56 0.57 0.58 0.57 0.57 0.58 0.60 0.62 0.62 0.62 0.64 0.64 0.43 0.39 0.40 0.41 0.44 0.48 0.50 0.53 0.54 0.58 0.60 0.61
Benchmarks
Debt to Capital (including Operating Lease Liability), Competitors2
Costco Wholesale Corp. 0.28 0.29 0.30 0.30 0.31 0.32 0.35 0.37 0.38 0.40 0.41 0.36 0.41 0.33 0.37 0.31 0.31 0.32 0.33
Dollar General Corp. 0.73 0.71 0.72 0.69 0.69 0.69 0.69 0.67 0.66 0.64 0.64 0.64 0.63 0.62 0.62 0.31 0.31 0.30 0.31
Target Corp. 0.63 0.62 0.61 0.56 0.53 0.51 0.50 0.51 0.53 0.57 0.60 0.54 0.55 0.54 0.57 0.54 0.55 0.54 0.55
Walmart Inc. 0.48 0.46 0.46 0.41 0.41 0.43 0.45 0.44 0.46 0.48 0.53 0.49 0.51 0.52 0.53 0.44 0.46 0.43 0.38

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
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 10,353,000 ÷ 18,628,300 = 0.56

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to capital (including operating lease liability) ratio A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. Dollar Tree Inc. debt to capital ratio (including operating lease liability) improved from Q1 2023 to Q2 2023 but then deteriorated significantly from Q2 2023 to Q3 2023.

Debt to Assets

Dollar Tree Inc., debt to assets calculation (quarterly data)

Microsoft Excel
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 portion of long-term debt 350,000 300,000 800,000 1,050,000 250,000 750,000 750,000 750,000 915,900 165,900 165,900 165,900 152,100 145,800 145,500 120,500
Long-term debt, net, excluding current portion 3,420,400 3,419,300 3,418,100 3,417,000 3,231,100 3,229,500 3,227,800 3,226,200 3,225,300 3,224,300 3,223,300 3,522,200 3,520,200 3,518,600 3,516,900 4,265,300 5,043,800 5,041,800 5,040,100 4,762,100 5,557,000 5,595,000 6,131,700 6,169,700 6,938,000 7,155,700 7,209,800
Total debt 3,770,400 3,419,300 3,418,100 3,417,000 3,231,100 3,229,500 3,227,800 3,226,200 3,525,300 4,024,300 4,273,300 3,772,200 4,270,200 4,268,600 4,266,900 4,265,300 5,043,800 5,041,800 5,040,100 5,678,000 5,722,900 5,760,900 6,297,600 6,321,800 7,083,800 7,301,200 7,330,300
 
Total assets 22,909,500 22,676,300 22,372,300 21,721,800 21,390,000 20,445,200 21,050,700 20,696,000 20,652,200 20,671,000 20,471,800 19,574,600 19,742,100 19,493,800 19,354,300 13,501,200 16,649,300 16,103,600 15,827,100 16,332,800 15,730,200 15,532,300 15,994,700 15,701,600 16,195,000 16,329,400 16,060,900
Solvency Ratio
Debt to assets1 0.16 0.15 0.15 0.16 0.15 0.16 0.15 0.16 0.17 0.19 0.21 0.19 0.22 0.22 0.22 0.32 0.30 0.31 0.32 0.35 0.36 0.37 0.39 0.40 0.44 0.45 0.46
Benchmarks
Debt to Assets, Competitors2
Costco Wholesale Corp. 0.10 0.10 0.10 0.10 0.10 0.11 0.12 0.13 0.13 0.14 0.13 0.14 0.18 0.11 0.13 0.15 0.15 0.15 0.15
Dollar General Corp. 0.21 0.18 0.18 0.16 0.16 0.16 0.16 0.16 0.16 0.16 0.16 0.13 0.12 0.12 0.13 0.22 0.22 0.21 0.23
Target Corp. 0.30 0.29 0.28 0.25 0.23 0.25 0.25 0.25 0.25 0.30 0.32 0.27 0.27 0.28 0.31 0.27 0.27 0.28 0.29
Walmart Inc. 0.21 0.21 0.21 0.17 0.18 0.19 0.20 0.19 0.20 0.22 0.25 0.23 0.24 0.24 0.25 0.26 0.27 0.26 0.23

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
Debt to assets = Total debt ÷ Total assets
= 3,770,400 ÷ 22,909,500 = 0.16

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. Dollar Tree Inc. debt to assets ratio improved from Q1 2023 to Q2 2023 but then deteriorated significantly from Q2 2023 to Q3 2023.

Debt to Assets (including Operating Lease Liability)

Dollar Tree Inc., debt to assets (including operating lease liability) calculation (quarterly data)

Microsoft Excel
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 portion of long-term debt 350,000 300,000 800,000 1,050,000 250,000 750,000 750,000 750,000 915,900 165,900 165,900 165,900 152,100 145,800 145,500 120,500
Long-term debt, net, excluding current portion 3,420,400 3,419,300 3,418,100 3,417,000 3,231,100 3,229,500 3,227,800 3,226,200 3,225,300 3,224,300 3,223,300 3,522,200 3,520,200 3,518,600 3,516,900 4,265,300 5,043,800 5,041,800 5,040,100 4,762,100 5,557,000 5,595,000 6,131,700 6,169,700 6,938,000 7,155,700 7,209,800
Total debt 3,770,400 3,419,300 3,418,100 3,417,000 3,231,100 3,229,500 3,227,800 3,226,200 3,525,300 4,024,300 4,273,300 3,772,200 4,270,200 4,268,600 4,266,900 4,265,300 5,043,800 5,041,800 5,040,100 5,678,000 5,722,900 5,760,900 6,297,600 6,321,800 7,083,800 7,301,200 7,330,300
Current portion of operating lease liabilities 1,426,700 1,428,300 1,406,700 1,407,800 1,388,000 1,368,600 1,355,600 1,348,200 1,296,500 1,284,600 1,265,000 1,279,300 1,202,600 1,215,000 1,215,900
Operating lease liabilities, long-term 5,155,900 5,139,500 5,087,900 5,145,500 5,151,000 5,078,700 5,099,200 5,065,500 4,962,100 4,981,600 4,885,200 4,979,500 4,636,000 4,767,400 4,849,500
Total debt (including operating lease liability) 10,353,000 9,987,100 9,912,700 9,970,300 9,770,100 9,676,800 9,682,600 9,639,900 9,783,900 10,290,500 10,423,500 10,031,000 10,108,800 10,251,000 10,332,300 4,265,300 5,043,800 5,041,800 5,040,100 5,678,000 5,722,900 5,760,900 6,297,600 6,321,800 7,083,800 7,301,200 7,330,300
 
Total assets 22,909,500 22,676,300 22,372,300 21,721,800 21,390,000 20,445,200 21,050,700 20,696,000 20,652,200 20,671,000 20,471,800 19,574,600 19,742,100 19,493,800 19,354,300 13,501,200 16,649,300 16,103,600 15,827,100 16,332,800 15,730,200 15,532,300 15,994,700 15,701,600 16,195,000 16,329,400 16,060,900
Solvency Ratio
Debt to assets (including operating lease liability)1 0.45 0.44 0.44 0.46 0.46 0.47 0.46 0.47 0.47 0.50 0.51 0.51 0.51 0.53 0.53 0.32 0.30 0.31 0.32 0.35 0.36 0.37 0.39 0.40 0.44 0.45 0.46
Benchmarks
Debt to Assets (including Operating Lease Liability), Competitors2
Costco Wholesale Corp. 0.13 0.14 0.14 0.14 0.14 0.15 0.16 0.17 0.18 0.19 0.17 0.18 0.22 0.16 0.18 0.15 0.15 0.15 0.15
Dollar General Corp. 0.57 0.55 0.56 0.54 0.54 0.55 0.54 0.53 0.51 0.51 0.52 0.51 0.51 0.50 0.51 0.22 0.22 0.21 0.23
Target Corp. 0.34 0.34 0.34 0.30 0.28 0.30 0.30 0.29 0.29 0.34 0.37 0.32 0.32 0.33 0.36 0.32 0.31 0.33 0.34
Walmart Inc. 0.26 0.26 0.27 0.23 0.24 0.26 0.27 0.25 0.27 0.29 0.32 0.31 0.32 0.32 0.32 0.26 0.27 0.26 0.23

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
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 10,353,000 ÷ 22,909,500 = 0.45

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to assets (including operating lease liability) ratio A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. Dollar Tree Inc. debt to assets ratio (including operating lease liability) improved from Q1 2023 to Q2 2023 but then deteriorated significantly from Q2 2023 to Q3 2023.

Financial Leverage

Dollar Tree Inc., financial leverage calculation (quarterly data)

Microsoft Excel
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)
Total assets 22,909,500 22,676,300 22,372,300 21,721,800 21,390,000 20,445,200 21,050,700 20,696,000 20,652,200 20,671,000 20,471,800 19,574,600 19,742,100 19,493,800 19,354,300 13,501,200 16,649,300 16,103,600 15,827,100 16,332,800 15,730,200 15,532,300 15,994,700 15,701,600 16,195,000 16,329,400 16,060,900
Shareholders’ equity 8,275,300 8,396,500 8,241,500 7,718,500 7,244,400 7,011,700 7,411,300 7,285,300 6,961,100 6,813,600 6,520,600 6,254,800 6,121,300 5,865,700 5,755,900 5,642,900 7,943,100 7,647,500 7,355,700 7,182,300 6,116,500 5,860,200 5,609,000 5,389,500 5,047,700 4,856,900 4,669,600
Solvency Ratio
Financial leverage1 2.77 2.70 2.71 2.81 2.95 2.92 2.84 2.84 2.97 3.03 3.14 3.13 3.23 3.32 3.36 2.39 2.10 2.11 2.15 2.27 2.57 2.65 2.85 2.91 3.21 3.36 3.44
Benchmarks
Financial Leverage, Competitors2
Costco Wholesale Corp. 2.83 2.93 3.08 3.11 3.20 3.25 3.47 3.37 3.47 3.51 4.05 3.04 3.08 2.94 3.24 2.98 3.02 3.09 3.33
Dollar General Corp. 4.76 4.56 4.52 4.20 4.19 4.15 4.04 3.88 3.74 3.51 3.45 3.41 3.37 3.25 3.24 2.06 2.06 2.03 2.00
Target Corp. 5.05 4.95 4.72 4.20 3.94 3.46 3.37 3.55 3.80 3.82 4.01 3.62 3.79 3.51 3.65 3.65 3.93 3.58 3.49
Walmart Inc. 3.43 3.19 3.20 2.94 2.98 2.96 3.02 3.12 3.08 3.15 3.41 3.17 3.35 3.34 3.44 3.02 3.15 2.89 2.71

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
Financial leverage = Total assets ÷ Shareholders’ equity
= 22,909,500 ÷ 8,275,300 = 2.77

2 Click competitor name to see calculations.

Solvency ratio Description The company
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Dollar Tree Inc. financial leverage ratio decreased from Q1 2023 to Q2 2023 but then increased from Q2 2023 to Q3 2023 exceeding Q1 2023 level.

Interest Coverage

Dollar Tree Inc., interest coverage calculation (quarterly data)

Microsoft Excel
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)
Net income (loss) 266,900 359,900 536,400 454,200 216,800 282,400 374,500 502,800 330,000 261,500 247,600 123,000 255,800 180,300 267,900 (2,307,000) 281,800 273,900 160,500 1,040,100 239,900 233,800 200,500 321,700 171,600 170,200 232,700
Add: Income tax expense 81,500 114,800 161,100 45,000 60,100 86,800 112,400 144,600 97,300 78,400 77,600 86,500 61,100 48,100 76,000 112,900 58,200 63,800 46,900 (348,600) 115,200 109,800 113,300 176,000 58,600 99,700 98,900
Add: Interest expense, net 32,700 30,600 34,000 79,500 33,400 33,000 33,000 34,200 38,100 34,800 40,200 39,200 41,400 40,100 41,400 46,300 47,600 46,100 230,000 81,600 69,700 75,800 74,700 88,800 112,100 87,300 87,300
Earnings before interest and tax (EBIT) 381,100 505,300 731,500 578,700 310,300 402,200 519,900 681,600 465,400 374,700 365,400 248,700 358,300 268,500 385,300 (2,147,800) 387,600 383,800 437,400 773,100 424,800 419,400 388,500 586,500 342,300 357,200 418,900
Solvency Ratio
Interest coverage1 12.42 11.98 11.24 10.12 14.33 14.96 14.57 12.81 9.55 8.66 7.71 7.78 -6.71 -6.31 -5.46 -2.54 4.89 4.72 4.50 6.65 5.89 4.94 4.61 4.54
Benchmarks
Interest Coverage, Competitors2
Costco Wholesale Corp. 53.89 54.62 52.73 50.62 48.01 45.54 41.68 40.06 37.81 35.56 36.58 34.54 33.40 33.57 33.16 32.77
Dollar General Corp. 18.24 19.45 19.50 20.45 20.69 21.22 22.44 23.64 25.08 26.09 25.27 22.89 22.18 21.62 21.16 21.18
Target Corp. 10.70 13.46 18.76 22.16 21.38 9.43 9.08 6.68 5.92 10.51 8.47 9.78 9.86 9.42 9.09 8.97
Walmart Inc. 7.63 11.00 10.43 10.38 7.37 8.59 9.31 9.88 11.98 10.50 9.08 8.74 8.69 8.11 6.54 5.88

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
Interest coverage = (EBITQ3 2023 + EBITQ2 2023 + EBITQ1 2023 + EBITQ4 2022) ÷ (Interest expenseQ3 2023 + Interest expenseQ2 2023 + Interest expenseQ1 2023 + Interest expenseQ4 2022)
= (381,100 + 505,300 + 731,500 + 578,700) ÷ (32,700 + 30,600 + 34,000 + 79,500) = 12.42

2 Click competitor name to see calculations.

Solvency ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. Dollar Tree Inc. interest coverage ratio improved from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.