Dick’s Sporting Goods Inc (DKS)
Current ratio
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,890,050 | 4,963,190 | 5,106,660 | 3,759,650 | 2,410,020 |
| Total current liabilities | US$ in thousands | 2,752,390 | 2,641,450 | 2,712,680 | 2,550,200 | 2,076,470 |
| Current ratio | 1.78 | 1.88 | 1.88 | 1.47 | 1.16 |
February 3, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,890,050K ÷ $2,752,390K
= 1.78
The current ratio of Dick’s Sporting Goods Inc has shown fluctuations over the past five years, ranging from 1.16 in 2020 to 1.88 in 2022 and 2023. As of February 3, 2024, the current ratio stands at 1.78. This indicates that the company's ability to meet its short-term liabilities with its current assets has slightly decreased compared to the previous year but remains relatively strong. A current ratio above 1 suggests that Dick’s Sporting Goods Inc has more than enough current assets to cover its current liabilities, providing a buffer for potential financial challenges in the short term. However, further analysis of the components of current assets and liabilities would be necessary to gain a more in-depth understanding of the company's liquidity position.
Peer comparison
Feb 3, 2024