Costco Wholesale Corp (COST)
Current ratio
| Feb 18, 2024 | Nov 26, 2023 | Sep 3, 2023 | May 7, 2023 | Feb 12, 2023 | Nov 20, 2022 | Aug 28, 2022 | May 8, 2022 | Feb 13, 2022 | Nov 21, 2021 | Aug 29, 2021 | May 9, 2021 | Feb 14, 2021 | Nov 22, 2020 | Aug 30, 2020 | May 10, 2020 | Feb 16, 2020 | Nov 24, 2019 | Sep 1, 2019 | May 12, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 32,146,000 | 40,080,000 | 35,879,000 | 34,289,000 | 34,330,000 | 34,150,000 | 32,696,000 | 33,008,000 | 32,565,000 | 33,850,000 | 29,505,000 | 27,916,000 | 26,308,000 | 32,096,000 | 28,120,000 | 25,254,000 | 23,703,000 | 26,643,000 | 23,485,000 | 22,285,000 |
| Total current liabilities | US$ in thousands | 34,688,000 | 36,768,000 | 33,583,000 | 31,708,000 | 32,516,000 | 33,067,000 | 31,998,000 | 31,845,000 | 31,545,000 | 33,342,000 | 29,441,000 | 27,982,000 | 26,564,000 | 32,667,000 | 24,844,000 | 22,779,000 | 22,695,000 | 26,265,000 | 23,237,000 | 22,832,000 |
| Current ratio | 0.93 | 1.09 | 1.07 | 1.08 | 1.06 | 1.03 | 1.02 | 1.04 | 1.03 | 1.02 | 1.00 | 1.00 | 0.99 | 0.98 | 1.13 | 1.11 | 1.04 | 1.01 | 1.01 | 0.98 |
February 18, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $32,146,000K ÷ $34,688,000K
= 0.93
The current ratio of Costco Wholesale Corp has shown some fluctuations over the past few quarters. In the most recent period of February 18, 2024, the current ratio was 0.93, indicating that the company may have had more current liabilities than current assets available to cover them. However, this ratio improved in the previous quarter as of November 26, 2023, where the current ratio was 1.09, suggesting a healthier position with more current assets to cover current liabilities.
Overall, the current ratio has generally been above 1 in recent quarters, indicating that Costco has typically had more current assets than current liabilities. This implies that the company has been able to meet its short-term obligations comfortably. However, investors should keep an eye on any significant fluctuations in the current ratio, as a ratio below 1 may raise concerns about the company's liquidity and ability to pay its short-term debts.
Peer comparison
Feb 18, 2024