Dollar Tree Inc (DLTR)

Quick 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	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	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables	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
Quick 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

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

The quick ratio of Dollar Tree Inc has shown fluctuations over the past few quarters. Generally, the quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.

Looking at the data, the quick ratio has ranged from a low of 0.09 to a high of 0.41 over the periods provided. A quick ratio below 1 suggests that the company may have difficulty meeting its short-term liabilities.

In the most recent period, Dollar Tree Inc's quick ratio was 0.15, indicating that the company may have limited ability to cover its current liabilities with its quick assets alone. It is important for investors and stakeholders to monitor this ratio over time to assess the company's liquidity position and its ability to weather short-term financial challenges.