Dick’s Sporting Goods Inc (DKS)
Current ratio
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,890,050 | 4,944,000 | 5,022,040 | 4,942,990 | 4,963,190 | 4,986,460 | 5,076,670 | 5,256,660 | 5,106,660 | 4,046,160 | 4,418,940 | 4,041,320 | 3,759,650 | 3,545,300 | 3,093,250 | 3,840,400 | 2,410,020 | 2,876,920 | 2,466,020 | 2,439,700 |
| Total current liabilities | US$ in thousands | 2,752,390 | 2,989,390 | 2,775,680 | 2,525,160 | 2,641,450 | 2,762,130 | 2,781,950 | 2,802,840 | 2,712,680 | 2,668,300 | 2,567,300 | 2,587,510 | 2,550,200 | 2,537,770 | 2,283,380 | 1,886,980 | 2,076,470 | 2,081,640 | 1,925,390 | 1,855,390 |
| Current ratio | 1.78 | 1.65 | 1.81 | 1.96 | 1.88 | 1.81 | 1.82 | 1.88 | 1.88 | 1.52 | 1.72 | 1.56 | 1.47 | 1.40 | 1.35 | 2.04 | 1.16 | 1.38 | 1.28 | 1.31 |
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 some fluctuations over the past few quarters. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A higher current ratio indicates that the company is in a better position to meet its short-term obligations.
From the data provided, we can see that the current ratio has ranged from 1.16 to 2.04 over the past couple of years. The current ratio was at its lowest at 1.16 on February 1, 2020, suggesting a potential liquidity risk at that time. On the other hand, the highest current ratio of 2.04 was recorded on May 2, 2020, indicating a strong ability to cover short-term liabilities.
The current ratio has shown some fluctuations, with the most recent ratio reported at 1.78 on February 3, 2024. This indicates that Dick’s Sporting Goods Inc has slightly improved its short-term liquidity position compared to the previous quarter. Overall, the current ratio of Dick’s Sporting Goods Inc has remained above 1, indicating that the company has generally been able to meet its short-term obligations with its current assets.
Peer comparison
Feb 3, 2024