Costco Wholesale Corp (COST)
Current ratio
| Sep 3, 2023 | Aug 28, 2022 | Aug 29, 2021 | Aug 30, 2020 | Sep 1, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 35,879,000 | 32,696,000 | 29,505,000 | 28,120,000 | 23,485,000 |
| Total current liabilities | US$ in thousands | 33,583,000 | 31,998,000 | 29,441,000 | 24,844,000 | 23,237,000 |
| Current ratio | 1.07 | 1.02 | 1.00 | 1.13 | 1.01 |
September 3, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $35,879,000K ÷ $33,583,000K
= 1.07
The current ratio of Costco Wholesale Corp has shown fluctuations over the past five years. As of September 3, 2023, the current ratio stands at 1.07, representing an increase compared to the previous year. This indicates that the company's short-term liquidity has improved, as its current assets are now 1.07 times its current liabilities. However, it's worth noting that the current ratio was higher in the preceding year at 1.13, suggesting that there may have been a decrease in the company's ability to cover its short-term obligations. Overall, the current ratio indicates that Costco Wholesale Corp has a satisfactory level of current assets to meet its short-term liabilities, although there have been fluctuations in recent years.
Peer comparison
Sep 3, 2023