Costco Wholesale Corp (COST)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 9,095,000 | 17,011,000 | 13,700,000 | 12,493,000 | 12,970,000 | 10,856,000 | 10,203,000 | 11,193,000 | 11,819,000 | 12,751,000 | 11,258,000 | 10,226,000 | 8,637,000 | 13,590,000 | 12,277,000 | 10,826,000 | 7,786,000 | 9,027,000 | 8,384,000 | 7,013,000 |
| Short-term investments | US$ in thousands | 1,226,000 | 853,000 | 1,534,000 | 1,215,000 | 735,000 | 817,000 | 846,000 | 638,000 | 477,000 | 725,000 | 917,000 | 900,000 | 617,000 | 833,000 | 1,028,000 | 948,000 | 929,000 | 993,000 | 1,060,000 | 1,154,000 |
| Receivables | US$ in thousands | 2,779,000 | 2,542,000 | 2,285,000 | 2,502,000 | 2,714,000 | 2,312,000 | 2,241,000 | 1,991,000 | 2,232,000 | 1,932,000 | 1,803,000 | 1,595,000 | 1,934,000 | 1,646,000 | 1,550,000 | 1,507,000 | 1,988,000 | 1,711,000 | 1,535,000 | 1,704,000 |
| 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 |
| Quick ratio | 0.38 | 0.55 | 0.52 | 0.51 | 0.50 | 0.42 | 0.42 | 0.43 | 0.46 | 0.46 | 0.47 | 0.45 | 0.42 | 0.49 | 0.60 | 0.58 | 0.47 | 0.45 | 0.47 | 0.43 |
February 18, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($9,095,000K
+ $1,226,000K
+ $2,779,000K)
÷ $34,688,000K
= 0.38
The quick ratio of Costco Wholesale Corp has shown some fluctuation over the past several quarters, ranging from a low of 0.38 to a high of 0.60. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets, excluding inventory.
A quick ratio of less than 1 indicates that the company may have difficulty meeting its short-term liabilities with its current assets. Costco's quick ratio has generally been below 1, which suggests that the company may rely on inventory or other current assets to meet its short-term obligations.
Although the quick ratio has shown some variability, it is important to assess it in conjunction with other financial ratios and performance indicators to get a comprehensive understanding of the company's liquidity and financial health. Overall, Costco's quick ratio trend indicates the need for further analysis to assess the company's liquidity position accurately.
Peer comparison
Feb 18, 2024