Costco Wholesale Corp (COST)
Current ratio
| Sep 1, 2024 | Sep 3, 2023 | Aug 28, 2022 | Aug 29, 2021 | Aug 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 34,246,000 | 35,879,000 | 32,696,000 | 29,505,000 | 28,120,000 |
| Total current liabilities | US$ in thousands | 35,464,000 | 33,583,000 | 31,998,000 | 29,441,000 | 24,844,000 |
| Current ratio | 0.97 | 1.07 | 1.02 | 1.00 | 1.13 |
September 1, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $34,246,000K ÷ $35,464,000K
= 0.97
The current ratio of Costco Wholesale Corp has been fluctuating over the past five years, ranging from a low of 0.97 to a high of 1.13. A current ratio below 1 indicates that the company may have difficulties meeting its short-term obligations with its current assets alone.
In 2024, Costco's current ratio decreased to 0.97, which may suggest a potential liquidity concern as their current assets may not be sufficient to cover their short-term liabilities. However, it is important to consider other factors such as the nature of Costco's business and industry standards before drawing conclusions solely based on the current ratio.
Overall, the trend in Costco's current ratio shows some variability over the years, indicating the need for further analysis to assess the company's liquidity position and financial health.
Peer comparison
Sep 1, 2024