Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Based on: 10-Q (reporting date: 2024-02-18), 10-Q (reporting date: 2023-11-26), 10-K (reporting date: 2023-09-03), 10-Q (reporting date: 2023-05-07), 10-Q (reporting date: 2023-02-12), 10-Q (reporting date: 2022-11-20), 10-K (reporting date: 2022-08-28), 10-Q (reporting date: 2022-05-08), 10-Q (reporting date: 2022-02-13), 10-Q (reporting date: 2021-11-21), 10-K (reporting date: 2021-08-29), 10-Q (reporting date: 2021-05-09), 10-Q (reporting date: 2021-02-14), 10-Q (reporting date: 2020-11-22), 10-K (reporting date: 2020-08-30), 10-Q (reporting date: 2020-05-10), 10-Q (reporting date: 2020-02-16), 10-Q (reporting date: 2019-11-24), 10-K (reporting date: 2019-09-01), 10-Q (reporting date: 2019-05-12), 10-Q (reporting date: 2019-02-17), 10-Q (reporting date: 2018-11-25), 10-K (reporting date: 2018-09-02), 10-Q (reporting date: 2018-05-13), 10-Q (reporting date: 2018-02-18), 10-Q (reporting date: 2017-11-26).
Liquidity ratio | Description | The company |
---|---|---|
Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Costco Wholesale Corp. current ratio improved from Q4 2023 to Q1 2024 but then deteriorated significantly from Q1 2024 to Q2 2024. |
Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Costco Wholesale Corp. quick ratio improved from Q4 2023 to Q1 2024 but then deteriorated significantly from Q1 2024 to Q2 2024. |
Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Costco Wholesale Corp. cash ratio improved from Q4 2023 to Q1 2024 but then deteriorated significantly from Q1 2024 to Q2 2024. |
Current Ratio
Feb 18, 2024 | Nov 26, 2023 | Sep 3, 2023 | May 7, 2023 | Feb 12, 2023 | Nov 20, 2022 | Aug 28, 2022 | May 8, 2022 | Feb 13, 2022 | Nov 21, 2021 | Aug 29, 2021 | May 9, 2021 | Feb 14, 2021 | Nov 22, 2020 | Aug 30, 2020 | May 10, 2020 | Feb 16, 2020 | Nov 24, 2019 | Sep 1, 2019 | May 12, 2019 | Feb 17, 2019 | Nov 25, 2018 | Sep 2, 2018 | May 13, 2018 | Feb 18, 2018 | Nov 26, 2017 | |||||||||
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Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||||||
Current assets | 32,146) | 40,080) | 35,879) | 34,289) | 34,330) | 34,150) | 32,696) | 33,008) | 32,565) | 33,850) | 29,505) | 27,916) | 26,308) | 32,096) | 28,120) | 25,254) | 23,703) | 26,643) | 23,485) | 22,285) | 21,648) | 22,954) | 20,289) | 19,693) | 18,899) | 19,897) | ||||||||
Current liabilities | 34,688) | 36,768) | 33,583) | 31,708) | 32,516) | 33,067) | 31,998) | 31,845) | 31,545) | 33,342) | 29,441) | 27,982) | 26,564) | 32,667) | 24,844) | 22,779) | 22,695) | 26,265) | 23,237) | 22,832) | 22,450) | 22,473) | 19,926) | 19,411) | 18,913) | 20,360) | ||||||||
Liquidity Ratio | ||||||||||||||||||||||||||||||||||
Current ratio1 | 0.93 | 1.09 | 1.07 | 1.08 | 1.06 | 1.03 | 1.02 | 1.04 | 1.03 | 1.02 | 1.00 | 1.00 | 0.99 | 0.98 | 1.13 | 1.11 | 1.04 | 1.01 | 1.01 | 0.98 | 0.96 | 1.02 | 1.02 | 1.01 | 1.00 | 0.98 | ||||||||
Benchmarks | ||||||||||||||||||||||||||||||||||
Current Ratio, Competitors2 | ||||||||||||||||||||||||||||||||||
Target Corp. | 0.83 | 0.88 | 0.92 | 0.86 | 0.82 | 0.87 | 0.99 | 0.97 | 1.04 | 1.07 | 1.03 | 1.05 | 1.11 | 1.01 | 0.89 | 0.83 | 0.84 | 0.88 | 0.83 | 0.83 | 0.82 | 0.90 | — | — | — | — | ||||||||
Walmart Inc. | 0.83 | 0.82 | 0.82 | 0.86 | 0.84 | 0.86 | 0.93 | 0.95 | 0.96 | 0.95 | 0.97 | 0.84 | 0.79 | 0.77 | 0.79 | 0.81 | 0.76 | 0.77 | 0.80 | 0.81 | 0.93 | 0.73 | — | — | — | — |
Based on: 10-Q (reporting date: 2024-02-18), 10-Q (reporting date: 2023-11-26), 10-K (reporting date: 2023-09-03), 10-Q (reporting date: 2023-05-07), 10-Q (reporting date: 2023-02-12), 10-Q (reporting date: 2022-11-20), 10-K (reporting date: 2022-08-28), 10-Q (reporting date: 2022-05-08), 10-Q (reporting date: 2022-02-13), 10-Q (reporting date: 2021-11-21), 10-K (reporting date: 2021-08-29), 10-Q (reporting date: 2021-05-09), 10-Q (reporting date: 2021-02-14), 10-Q (reporting date: 2020-11-22), 10-K (reporting date: 2020-08-30), 10-Q (reporting date: 2020-05-10), 10-Q (reporting date: 2020-02-16), 10-Q (reporting date: 2019-11-24), 10-K (reporting date: 2019-09-01), 10-Q (reporting date: 2019-05-12), 10-Q (reporting date: 2019-02-17), 10-Q (reporting date: 2018-11-25), 10-K (reporting date: 2018-09-02), 10-Q (reporting date: 2018-05-13), 10-Q (reporting date: 2018-02-18), 10-Q (reporting date: 2017-11-26).
1 Q2 2024 Calculation
Current ratio = Current assets ÷ Current liabilities
= 32,146 ÷ 34,688 = 0.93
2 Click competitor name to see calculations.
Liquidity ratio | Description | The company |
---|---|---|
Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Costco Wholesale Corp. current ratio improved from Q4 2023 to Q1 2024 but then deteriorated significantly from Q1 2024 to Q2 2024. |
Quick Ratio
Feb 18, 2024 | Nov 26, 2023 | Sep 3, 2023 | May 7, 2023 | Feb 12, 2023 | Nov 20, 2022 | Aug 28, 2022 | May 8, 2022 | Feb 13, 2022 | Nov 21, 2021 | Aug 29, 2021 | May 9, 2021 | Feb 14, 2021 | Nov 22, 2020 | Aug 30, 2020 | May 10, 2020 | Feb 16, 2020 | Nov 24, 2019 | Sep 1, 2019 | May 12, 2019 | Feb 17, 2019 | Nov 25, 2018 | Sep 2, 2018 | May 13, 2018 | Feb 18, 2018 | Nov 26, 2017 | |||||||||
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Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||||||
Cash and cash equivalents | 9,095) | 17,011) | 13,700) | 12,493) | 12,970) | 10,856) | 10,203) | 11,193) | 11,819) | 12,751) | 11,258) | 10,226) | 8,637) | 13,590) | 12,277) | 10,826) | 7,786) | 9,027) | 8,384) | 7,013) | 6,080) | 6,778) | 6,055) | 5,877) | 4,781) | 5,689) | ||||||||
Short-term investments | 1,226) | 853) | 1,534) | 1,215) | 735) | 817) | 846) | 638) | 477) | 725) | 917) | 900) | 617) | 833) | 1,028) | 948) | 929) | 993) | 1,060) | 1,154) | 1,042) | 1,175) | 1,204) | 1,167) | 1,049) | 1,196) | ||||||||
Receivables, net | 2,779) | 2,542) | 2,285) | 2,502) | 2,714) | 2,312) | 2,241) | 1,991) | 2,232) | 1,932) | 1,803) | 1,595) | 1,934) | 1,646) | 1,550) | 1,507) | 1,988) | 1,711) | 1,535) | 1,704) | 1,995) | 1,795) | 1,669) | 1,593) | 2,001) | 1,559) | ||||||||
Total quick assets | 13,100) | 20,406) | 17,519) | 16,210) | 16,419) | 13,985) | 13,290) | 13,822) | 14,528) | 15,408) | 13,978) | 12,721) | 11,188) | 16,069) | 14,855) | 13,281) | 10,703) | 11,731) | 10,979) | 9,871) | 9,117) | 9,748) | 8,928) | 8,637) | 7,831) | 8,444) | ||||||||
Current liabilities | 34,688) | 36,768) | 33,583) | 31,708) | 32,516) | 33,067) | 31,998) | 31,845) | 31,545) | 33,342) | 29,441) | 27,982) | 26,564) | 32,667) | 24,844) | 22,779) | 22,695) | 26,265) | 23,237) | 22,832) | 22,450) | 22,473) | 19,926) | 19,411) | 18,913) | 20,360) | ||||||||
Liquidity Ratio | ||||||||||||||||||||||||||||||||||
Quick ratio1 | 0.38 | 0.55 | 0.52 | 0.51 | 0.50 | 0.42 | 0.42 | 0.43 | 0.46 | 0.46 | 0.47 | 0.45 | 0.42 | 0.49 | 0.60 | 0.58 | 0.47 | 0.45 | 0.47 | 0.43 | 0.41 | 0.43 | 0.45 | 0.44 | 0.41 | 0.41 | ||||||||
Benchmarks | ||||||||||||||||||||||||||||||||||
Quick Ratio, Competitors2 | ||||||||||||||||||||||||||||||||||
Target Corp. | 0.08 | 0.07 | 0.11 | 0.04 | 0.05 | 0.05 | 0.27 | 0.25 | 0.38 | 0.42 | 0.42 | 0.31 | 0.46 | 0.32 | 0.18 | 0.06 | 0.12 | 0.09 | 0.10 | 0.05 | 0.08 | 0.09 | — | — | — | — | ||||||||
Walmart Inc. | 0.22 | 0.19 | 0.18 | 0.20 | 0.21 | 0.20 | 0.26 | 0.27 | 0.36 | 0.35 | 0.26 | 0.23 | 0.27 | 0.24 | 0.20 | 0.17 | 0.18 | 0.18 | 0.18 | 0.17 | 0.29 | 0.15 | — | — | — | — |
Based on: 10-Q (reporting date: 2024-02-18), 10-Q (reporting date: 2023-11-26), 10-K (reporting date: 2023-09-03), 10-Q (reporting date: 2023-05-07), 10-Q (reporting date: 2023-02-12), 10-Q (reporting date: 2022-11-20), 10-K (reporting date: 2022-08-28), 10-Q (reporting date: 2022-05-08), 10-Q (reporting date: 2022-02-13), 10-Q (reporting date: 2021-11-21), 10-K (reporting date: 2021-08-29), 10-Q (reporting date: 2021-05-09), 10-Q (reporting date: 2021-02-14), 10-Q (reporting date: 2020-11-22), 10-K (reporting date: 2020-08-30), 10-Q (reporting date: 2020-05-10), 10-Q (reporting date: 2020-02-16), 10-Q (reporting date: 2019-11-24), 10-K (reporting date: 2019-09-01), 10-Q (reporting date: 2019-05-12), 10-Q (reporting date: 2019-02-17), 10-Q (reporting date: 2018-11-25), 10-K (reporting date: 2018-09-02), 10-Q (reporting date: 2018-05-13), 10-Q (reporting date: 2018-02-18), 10-Q (reporting date: 2017-11-26).
1 Q2 2024 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 13,100 ÷ 34,688 = 0.38
2 Click competitor name to see calculations.
Liquidity ratio | Description | The company |
---|---|---|
Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Costco Wholesale Corp. quick ratio improved from Q4 2023 to Q1 2024 but then deteriorated significantly from Q1 2024 to Q2 2024. |
Cash Ratio
Feb 18, 2024 | Nov 26, 2023 | Sep 3, 2023 | May 7, 2023 | Feb 12, 2023 | Nov 20, 2022 | Aug 28, 2022 | May 8, 2022 | Feb 13, 2022 | Nov 21, 2021 | Aug 29, 2021 | May 9, 2021 | Feb 14, 2021 | Nov 22, 2020 | Aug 30, 2020 | May 10, 2020 | Feb 16, 2020 | Nov 24, 2019 | Sep 1, 2019 | May 12, 2019 | Feb 17, 2019 | Nov 25, 2018 | Sep 2, 2018 | May 13, 2018 | Feb 18, 2018 | Nov 26, 2017 | |||||||||
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Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||||||
Cash and cash equivalents | 9,095) | 17,011) | 13,700) | 12,493) | 12,970) | 10,856) | 10,203) | 11,193) | 11,819) | 12,751) | 11,258) | 10,226) | 8,637) | 13,590) | 12,277) | 10,826) | 7,786) | 9,027) | 8,384) | 7,013) | 6,080) | 6,778) | 6,055) | 5,877) | 4,781) | 5,689) | ||||||||
Short-term investments | 1,226) | 853) | 1,534) | 1,215) | 735) | 817) | 846) | 638) | 477) | 725) | 917) | 900) | 617) | 833) | 1,028) | 948) | 929) | 993) | 1,060) | 1,154) | 1,042) | 1,175) | 1,204) | 1,167) | 1,049) | 1,196) | ||||||||
Total cash assets | 10,321) | 17,864) | 15,234) | 13,708) | 13,705) | 11,673) | 11,049) | 11,831) | 12,296) | 13,476) | 12,175) | 11,126) | 9,254) | 14,423) | 13,305) | 11,774) | 8,715) | 10,020) | 9,444) | 8,167) | 7,122) | 7,953) | 7,259) | 7,044) | 5,830) | 6,885) | ||||||||
Current liabilities | 34,688) | 36,768) | 33,583) | 31,708) | 32,516) | 33,067) | 31,998) | 31,845) | 31,545) | 33,342) | 29,441) | 27,982) | 26,564) | 32,667) | 24,844) | 22,779) | 22,695) | 26,265) | 23,237) | 22,832) | 22,450) | 22,473) | 19,926) | 19,411) | 18,913) | 20,360) | ||||||||
Liquidity Ratio | ||||||||||||||||||||||||||||||||||
Cash ratio1 | 0.30 | 0.49 | 0.45 | 0.43 | 0.42 | 0.35 | 0.35 | 0.37 | 0.39 | 0.40 | 0.41 | 0.40 | 0.35 | 0.44 | 0.54 | 0.52 | 0.38 | 0.38 | 0.41 | 0.36 | 0.32 | 0.35 | 0.36 | 0.36 | 0.31 | 0.34 | ||||||||
Benchmarks | ||||||||||||||||||||||||||||||||||
Cash Ratio, Competitors2 | ||||||||||||||||||||||||||||||||||
Target Corp. | 0.08 | 0.07 | 0.11 | 0.04 | 0.05 | 0.05 | 0.27 | 0.25 | 0.38 | 0.42 | 0.42 | 0.31 | 0.46 | 0.32 | 0.18 | 0.06 | 0.12 | 0.09 | 0.10 | 0.05 | 0.08 | 0.09 | — | — | — | — | ||||||||
Walmart Inc. | 0.14 | 0.11 | 0.09 | 0.11 | 0.14 | 0.12 | 0.17 | 0.18 | 0.28 | 0.28 | 0.19 | 0.16 | 0.21 | 0.18 | 0.12 | 0.10 | 0.12 | 0.12 | 0.10 | 0.11 | 0.22 | 0.10 | — | — | — | — |
Based on: 10-Q (reporting date: 2024-02-18), 10-Q (reporting date: 2023-11-26), 10-K (reporting date: 2023-09-03), 10-Q (reporting date: 2023-05-07), 10-Q (reporting date: 2023-02-12), 10-Q (reporting date: 2022-11-20), 10-K (reporting date: 2022-08-28), 10-Q (reporting date: 2022-05-08), 10-Q (reporting date: 2022-02-13), 10-Q (reporting date: 2021-11-21), 10-K (reporting date: 2021-08-29), 10-Q (reporting date: 2021-05-09), 10-Q (reporting date: 2021-02-14), 10-Q (reporting date: 2020-11-22), 10-K (reporting date: 2020-08-30), 10-Q (reporting date: 2020-05-10), 10-Q (reporting date: 2020-02-16), 10-Q (reporting date: 2019-11-24), 10-K (reporting date: 2019-09-01), 10-Q (reporting date: 2019-05-12), 10-Q (reporting date: 2019-02-17), 10-Q (reporting date: 2018-11-25), 10-K (reporting date: 2018-09-02), 10-Q (reporting date: 2018-05-13), 10-Q (reporting date: 2018-02-18), 10-Q (reporting date: 2017-11-26).
1 Q2 2024 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 10,321 ÷ 34,688 = 0.30
2 Click competitor name to see calculations.
Liquidity ratio | Description | The company |
---|---|---|
Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Costco Wholesale Corp. cash ratio improved from Q4 2023 to Q1 2024 but then deteriorated significantly from Q1 2024 to Q2 2024. |