Domino’s Pizza Inc (DPZ)
Current ratio
| Dec 31, 2023 | Sep 10, 2023 | Jun 18, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 11, 2022 | Jun 19, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 12, 2021 | Jun 20, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 6, 2020 | Jun 14, 2020 | Mar 22, 2020 | Dec 31, 2019 | Sep 8, 2019 | Jun 16, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 817,291 | 795,632 | 799,618 | 827,739 | 790,654 | 826,398 | 845,870 | 861,237 | 860,540 | 1,026,000 | 980,850 | 925,802 | 869,384 | 956,521 | 927,109 | 794,374 | 787,617 | 605,339 | 643,447 | 590,543 |
| Total current liabilities | US$ in thousands | 547,350 | 562,941 | 547,528 | 556,365 | 536,621 | 578,737 | 575,449 | 594,824 | 590,741 | 596,354 | 554,354 | 501,835 | 470,819 | 488,525 | 459,868 | 452,169 | 453,831 | 421,245 | 412,906 | 412,013 |
| Current ratio | 1.49 | 1.41 | 1.46 | 1.49 | 1.47 | 1.43 | 1.47 | 1.45 | 1.46 | 1.72 | 1.77 | 1.84 | 1.85 | 1.96 | 2.02 | 1.76 | 1.74 | 1.44 | 1.56 | 1.43 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $817,291K ÷ $547,350K
= 1.49
Dominos Pizza Inc's current ratio has been fluctuating within a relatively narrow range over the past eight quarters, ranging from a low of 1.41 to a high of 1.49. The current ratio measures the company's ability to cover its short-term obligations with its current assets, with a ratio above 1 typically indicating that the company has more current assets than current liabilities.
The current ratio for Dominos Pizza Inc has generally been above 1, suggesting that the company has a sufficient level of current assets to meet its short-term liabilities. However, the fluctuations in the ratio over the quarters indicate some variability in the company's liquidity position. Overall, the current ratio trend appears stable, showing no significant concerns regarding the company's short-term financial health based on this metric.
Peer comparison
Dec 31, 2023