Dollar General Corporation (DG)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 537,283 | 365,447 | 353,018 | 313,064 | 381,576 | 362,731 | 326,263 | 335,613 | 344,829 | 488,662 | 313,666 | 688,055 | 1,376,580 | 2,199,440 | 2,959,600 | 2,673,910 | 240,320 | 276,076 | 259,568 | 271,111 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 112,262 | 197,555 | 151,730 | — | 135,775 | 188,082 | 93,283 | 33,576 | 97,394 | 120,374 | 127,011 | 16,637 | 90,760 | 111,139 | 36,176 | — | 76,537 | — | — | — |
| 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 |
| Quick ratio | 0.10 | 0.08 | 0.08 | 0.05 | 0.09 | 0.08 | 0.06 | 0.05 | 0.07 | 0.11 | 0.08 | 0.13 | 0.26 | 0.39 | 0.55 | 0.55 | 0.07 | 0.06 | 0.06 | 0.07 |
February 2, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($537,283K
+ $—K
+ $112,262K)
÷ $6,725,700K
= 0.10
The quick ratio of Dollar General Corporation has shown fluctuations over the past several quarters. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
Looking at the data provided, the quick ratio has ranged from a low of 0.05 to a high of 0.55 over the past two years. The quick ratio of 0.10 on Feb 2, 2024, indicates that the company had $0.10 in liquid assets available to cover each dollar of current liabilities. This suggests a lower level of liquidity compared to some previous quarters.
The quick ratios of 0.08 on Nov 3, 2023, and Aug 4, 2023, also reflect a similar liquidity position, with only slight improvements from the lowest ratio of 0.05 observed on May 5, 2023.
In contrast, the quick ratio was notably higher at 0.55 on May 1, 2020, and Jan 31, 2020. This indicates that Dollar General had significantly more liquid assets available to cover its current liabilities during those periods, reflecting a stronger liquidity position.
Overall, fluctuations in the quick ratio of Dollar General Corporation indicate varying levels of liquidity over time, suggesting potential changes in the company's ability to meet its short-term obligations with its readily available assets. It would be important to closely monitor the company's quick ratio in future periods to assess its liquidity position effectively.
Peer comparison
Feb 2, 2024