Dollar General Corporation (DG)
Current ratio
| Feb 2, 2024 | Feb 3, 2023 | Jan 28, 2022 | Jan 29, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 8,010,720 | 7,581,010 | 6,303,840 | 6,914,220 | 5,177,870 |
| Total current liabilities | US$ in thousands | 6,725,700 | 5,887,770 | 5,979,360 | 5,710,780 | 4,543,000 |
| Current ratio | 1.19 | 1.29 | 1.05 | 1.21 | 1.14 |
February 2, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $8,010,720K ÷ $6,725,700K
= 1.19
The current ratio for Dollar General Corporation has shown fluctuations over the past five years. As of February 2, 2024, the current ratio stands at 1.19, which indicates that the company has $1.19 in current assets for every $1 in current liabilities.
Compared to the previous years, the current ratio has decreased from 1.29 in February 2023 to 1.19 in February 2024. This may suggest potential liquidity challenges or changes in the company's ability to meet its short-term financial obligations.
It is important to note that while a current ratio above 1 typically indicates good short-term financial health, the downward trend in Dollar General Corporation's current ratio over the past few years may warrant further investigation into the company's liquidity position and management of current assets and liabilities.
Peer comparison
Feb 2, 2024