Dollar General Corporation (DG)
Current ratio
| Feb 2, 2024 | Nov 3, 2023 | Aug 4, 2023 | May 5, 2023 | Feb 3, 2023 | Oct 28, 2022 | Jul 29, 2022 | Apr 29, 2022 | Jan 28, 2022 | Oct 29, 2021 | Jul 30, 2021 | Apr 30, 2021 | Jan 29, 2021 | Oct 30, 2020 | Jul 31, 2020 | May 1, 2020 | Jan 31, 2020 | Nov 1, 2019 | Aug 2, 2019 | May 3, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 8,010,720 | 8,271,080 | 8,413,980 | 8,055,460 | 7,581,010 | 8,017,020 | 7,682,890 | 6,736,870 | 6,303,840 | 6,181,830 | 5,992,720 | 6,041,740 | 6,914,220 | 7,533,430 | 7,597,410 | 6,992,480 | 5,177,870 | 5,068,540 | 4,919,140 | 4,583,770 |
| Total current liabilities | US$ in thousands | 6,725,700 | 6,787,090 | 6,033,920 | 6,100,680 | 5,887,770 | 6,502,650 | 7,566,790 | 6,951,840 | 5,979,360 | 5,740,500 | 5,479,080 | 5,315,400 | 5,710,780 | 5,886,210 | 5,411,190 | 4,843,230 | 4,543,000 | 4,506,040 | 4,312,270 | 3,956,720 |
| Current ratio | 1.19 | 1.22 | 1.39 | 1.32 | 1.29 | 1.23 | 1.02 | 0.97 | 1.05 | 1.08 | 1.09 | 1.14 | 1.21 | 1.28 | 1.40 | 1.44 | 1.14 | 1.12 | 1.14 | 1.16 |
February 2, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $8,010,720K ÷ $6,725,700K
= 1.19
Based on the provided data, the current ratio of Dollar General Corporation has shown some fluctuations over the past several periods. The current ratio measures the company's ability to cover its short-term obligations with its current assets. A current ratio above 1 indicates that a company has more current assets than current liabilities, which is generally seen as favorable.
In the most recent period, as of February 2, 2024, Dollar General Corporation had a current ratio of 1.19. This suggests that the company had $1.19 in current assets for every $1 in current liabilities, indicating a relatively weaker liquidity position compared to some previous periods.
The trend in the current ratio of Dollar General Corporation shows some variability, with ratios ranging from a low of 0.97 to a high of 1.44 over the past several periods. The company experienced a notable decline in its current ratio from the peak of 1.44 in May 2020 to the low of 0.97 in April 2022, but has since shown some improvement to reach 1.19 in February 2024.
Overall, while Dollar General Corporation's current ratio has fluctuated over the analyzed periods, it is important for the company to maintain a current ratio above 1 to ensure it can meet its short-term obligations. Investors and analysts may want to monitor the company's liquidity position closely to assess its ability to cover its current liabilities in the future.
Peer comparison
Feb 2, 2024