Dollar Tree Inc (DLTR)

Cash 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
Cash and cash equivalents	US$ in thousands	684,900	444,600	512,700	872,800	642,800	439,000	688,900	1,218,500	984,900	701,400	720,800	1,473,900	1,416,700	1,118,300	1,750,300	1,755,100	539,200	433,700	623,400	725,800
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	4,696,700	4,647,900	4,150,300	4,141,500	4,225,200	4,683,100	4,380,500	4,289,900	4,176,600	4,291,200	3,722,700	3,902,200	3,730,300	4,042,300	4,278,800	4,504,200	3,546,500	4,179,700	4,094,000	3,979,300
Cash ratio		0.15	0.10	0.12	0.21	0.15	0.09	0.16	0.28	0.24	0.16	0.19	0.38	0.38	0.28	0.41	0.39	0.15	0.10	0.15	0.18

February 3, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($684,900K + $—K) ÷ $4,696,700K
= 0.15

The cash ratio of Dollar Tree Inc has fluctuated over the analyzed periods. The cash ratio measures a company's ability to cover its short-term liabilities with its readily available cash and cash equivalents. A higher cash ratio indicates a stronger liquidity position.

Dollar Tree Inc's cash ratio ranged from 0.09 to 0.41 across the periods examined. The lowest cash ratio of 0.09 was observed on October 29, 2022, while the highest ratio of 0.41 was recorded on May 2, 2020.

Overall, the company's cash ratio shows some variability, with the most recent cash ratio reported at 0.15 on February 3, 2024. This suggests that Dollar Tree Inc may have sufficient cash reserves to cover its short-term obligations, but it is essential to monitor the trend over time to assess the company's liquidity position accurately.