Dollar Tree Inc (DLTR)

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	6,132,700	6,302,100	6,157,400	6,267,600	6,367,100	6,446,600	6,377,300	6,282,300	5,609,200	5,374,500	4,648,100	5,304,900	5,050,800	5,171,000	5,232,500	5,165,400	4,269,400	4,572,300	4,340,800	4,246,100
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
Current ratio		1.31	1.36	1.48	1.51	1.51	1.38	1.46	1.46	1.34	1.25	1.25	1.36	1.35	1.28	1.22	1.15	1.20	1.09	1.06	1.07

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 been fluctuating over the past few periods, ranging from 1.06 to 1.51. It measures the company's ability to cover its short-term liabilities with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities, which is generally seen as a positive sign of financial health.

Dollar Tree's current ratio has generally been above 1, suggesting that the company has been able to meet its short-term obligations with relative ease. However, there has been variability in the ratio, which may indicate fluctuations in asset and liability levels over time.

For a more detailed analysis, it would be beneficial to compare Dollar Tree's current ratio with industry benchmarks and historical trends to assess its liquidity position more accurately.