Costco Wholesale Corp (COST)
Current ratio
| Sep 1, 2024 | May 12, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 34,246,000 | 33,288,000 | 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 |
| Total current liabilities | US$ in thousands | 35,464,000 | 35,361,000 | 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 |
| Current ratio | 0.97 | 0.94 | 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 |
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 fluctuated over the periods indicated in the table, ranging from 0.93 to 1.13. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A current ratio below 1 indicates that the company may have difficulty meeting its short-term obligations.
Based on the data provided, Costco's current ratio has generally remained above 1, implying that the company has had sufficient current assets to cover its current liabilities. However, the ratios have varied, suggesting fluctuations in the company's liquidity position over time.
It is important for investors and analysts to monitor Costco's current ratio over time to assess the company's short-term liquidity and ability to manage its current obligations effectively. Additional financial analysis and context would be required to fully interpret the implications of these fluctuations in the company's current ratio.
Peer comparison
Sep 1, 2024