Costco Wholesale Corp (COST)
Quick ratio
| Sep 3, 2023 | Aug 28, 2022 | Aug 29, 2021 | Aug 30, 2020 | Sep 1, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 13,700,000 | 10,203,000 | 11,258,000 | 12,277,000 | 8,384,000 |
| Short-term investments | US$ in thousands | 1,534,000 | 846,000 | 917,000 | 1,028,000 | 1,060,000 |
| Receivables | US$ in thousands | 2,285,000 | 2,241,000 | 1,803,000 | 1,550,000 | 1,535,000 |
| Total current liabilities | US$ in thousands | 33,583,000 | 31,998,000 | 29,441,000 | 24,844,000 | 23,237,000 |
| Quick ratio | 0.52 | 0.42 | 0.47 | 0.60 | 0.47 |
September 3, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($13,700,000K
+ $1,534,000K
+ $2,285,000K)
÷ $33,583,000K
= 0.52
The quick ratio of Costco Wholesale Corp has shown some fluctuation over the past five years. The quick ratio, which measures the company's ability to meet its short-term obligations with its most liquid assets, was 0.57 as of September 3, 2023. This represents an improvement compared to the previous year's quick ratio of 0.46 as of August 28, 2022. However, when compared to the quick ratio of 0.52 as of August 29, 2021, the current ratio has declined. Looking back further, the quick ratio was 0.64 as of August 30, 2020 and 0.52 as of September 1, 2019. This indicates that the company's ability to cover its short-term liabilities with its quick assets has varied over the past five years, with fluctuations reflecting changes in the company's liquidity position.
Peer comparison
Sep 3, 2023