Analysis of Liquidity Ratios
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Dollar General Corp., liquidity ratios
Based on: 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), 10-K (reporting date: 2019-02-01).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Dollar General Corp. current ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Dollar General Corp. quick ratio improved from 2022 to 2023 and from 2023 to 2024. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Dollar General Corp. cash ratio improved from 2022 to 2023 and from 2023 to 2024. |
Current Ratio
Dollar General Corp., current ratio calculation, comparison to benchmarks
| Feb 2, 2024 | Feb 3, 2023 | Jan 28, 2022 | Jan 29, 2021 | Jan 31, 2020 | Feb 1, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Current assets | 8,010,724) | 7,581,009) | 6,303,843) | 6,914,219) | 5,177,868) | 4,663,020) | |
| Current liabilities | 6,725,701) | 5,887,768) | 5,979,357) | 5,710,783) | 4,543,560) | 3,015,857) | |
| Liquidity Ratio | |||||||
| Current ratio1 | 1.19 | 1.29 | 1.05 | 1.21 | 1.14 | 1.55 | |
| Benchmarks | |||||||
| Current Ratio, Competitors2 | |||||||
| Costco Wholesale Corp. | 0.97 | 1.07 | 1.02 | 1.00 | 1.13 | 1.01 | |
| Target Corp. | 0.91 | 0.92 | 0.99 | 1.03 | 0.89 | 0.83 | |
| Walmart Inc. | 0.83 | 0.82 | 0.93 | 0.97 | 0.79 | 0.80 | |
| Current Ratio, Sector | |||||||
| Consumer Staples Distribution & Retail | — | 0.89 | 0.96 | 0.99 | 0.88 | 0.85 | |
| Current Ratio, Industry | |||||||
| Consumer Staples | — | 0.84 | 0.89 | 0.93 | 0.93 | 0.83 | |
Based on: 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), 10-K (reporting date: 2019-02-01).
1 2024 Calculation
Current ratio = Current assets ÷ Current liabilities
= 8,010,724 ÷ 6,725,701 = 1.19
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. | Dollar General Corp. current ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024. |
Quick Ratio
Dollar General Corp., quick ratio calculation, comparison to benchmarks
| Feb 2, 2024 | Feb 3, 2023 | Jan 28, 2022 | Jan 29, 2021 | Jan 31, 2020 | Feb 1, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Cash and cash equivalents | 537,283) | 381,576) | 344,829) | 1,376,577) | 240,320) | 235,487) | |
| Accounts receivable | —) | —) | —) | —) | —) | —) | |
| Total quick assets | 537,283) | 381,576) | 344,829) | 1,376,577) | 240,320) | 235,487) | |
| Current liabilities | 6,725,701) | 5,887,768) | 5,979,357) | 5,710,783) | 4,543,560) | 3,015,857) | |
| Liquidity Ratio | |||||||
| Quick ratio1 | 0.08 | 0.06 | 0.06 | 0.24 | 0.05 | 0.08 | |
| Benchmarks | |||||||
| Quick Ratio, Competitors2 | |||||||
| Costco Wholesale Corp. | 0.39 | 0.52 | 0.42 | 0.47 | 0.60 | 0.47 | |
| Target Corp. | 0.27 | 0.20 | 0.33 | 0.48 | 0.24 | 0.18 | |
| Walmart Inc. | 0.20 | 0.18 | 0.26 | 0.26 | 0.20 | 0.18 | |
| Quick Ratio, Sector | |||||||
| Consumer Staples Distribution & Retail | — | 0.26 | 0.31 | 0.34 | 0.29 | 0.24 | |
| Quick Ratio, Industry | |||||||
| Consumer Staples | — | 0.37 | 0.39 | 0.43 | 0.47 | 0.38 | |
Based on: 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), 10-K (reporting date: 2019-02-01).
1 2024 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 537,283 ÷ 6,725,701 = 0.08
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. | Dollar General Corp. quick ratio improved from 2022 to 2023 and from 2023 to 2024. |
Cash Ratio
Dollar General Corp., cash ratio calculation, comparison to benchmarks
| Feb 2, 2024 | Feb 3, 2023 | Jan 28, 2022 | Jan 29, 2021 | Jan 31, 2020 | Feb 1, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Cash and cash equivalents | 537,283) | 381,576) | 344,829) | 1,376,577) | 240,320) | 235,487) | |
| Total cash assets | 537,283) | 381,576) | 344,829) | 1,376,577) | 240,320) | 235,487) | |
| Current liabilities | 6,725,701) | 5,887,768) | 5,979,357) | 5,710,783) | 4,543,560) | 3,015,857) | |
| Liquidity Ratio | |||||||
| Cash ratio1 | 0.08 | 0.06 | 0.06 | 0.24 | 0.05 | 0.08 | |
| Benchmarks | |||||||
| Cash Ratio, Competitors2 | |||||||
| Costco Wholesale Corp. | 0.31 | 0.45 | 0.35 | 0.41 | 0.54 | 0.41 | |
| Target Corp. | 0.20 | 0.11 | 0.27 | 0.42 | 0.18 | 0.10 | |
| Walmart Inc. | 0.11 | 0.09 | 0.17 | 0.19 | 0.12 | 0.10 | |
| Cash Ratio, Sector | |||||||
| Consumer Staples Distribution & Retail | — | 0.18 | 0.22 | 0.27 | 0.22 | 0.16 | |
| Cash Ratio, Industry | |||||||
| Consumer Staples | — | 0.24 | 0.25 | 0.31 | 0.34 | 0.25 | |
Based on: 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), 10-K (reporting date: 2019-02-01).
1 2024 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 537,283 ÷ 6,725,701 = 0.08
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. | Dollar General Corp. cash ratio improved from 2022 to 2023 and from 2023 to 2024. |