Dollar Tree Inc (DLTR)

Current ratio

		Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020
Total current assets	US$ in thousands	6,132,700	6,367,100	5,609,200	5,050,800	4,269,400
Total current liabilities	US$ in thousands	4,696,700	4,225,200	4,176,600	3,730,300	3,546,500
Current ratio		1.31	1.51	1.34	1.35	1.20

February 3, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $6,132,700K ÷ $4,696,700K
= 1.31

The current ratio of Dollar Tree Inc has exhibited fluctuations over the past five years, ranging from 1.20 in February 2020 to 1.51 in January 2023. As of February 3, 2024, the current ratio stands at 1.31. This indicates that the company's current assets are 1.31 times its current liabilities, reflecting a slight decline from the previous year. While the current ratio fluctuates, it generally indicates Dollar Tree Inc's ability to meet its short-term obligations with its current assets. A current ratio above 1 suggests the company has sufficient current assets to cover its current liabilities, but a decreasing trend in the ratio may raise concerns about liquidity management and the ability to meet short-term financial commitments.