Current Ratio
since 2005
Calculation
Dollar Tree Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Jan 29, 2022 | 1.34 | = | 5,609,200) | ÷ | 4,176,600) |
| Jan 30, 2021 | 1.35 | = | 5,050,800) | ÷ | 3,730,300) |
| Feb 1, 2020 | 1.20 | = | 4,269,400) | ÷ | 3,546,500) |
| Feb 2, 2019 | 2.05 | = | 4,293,300) | ÷ | 2,095,700) |
| Feb 3, 2018 | 1.60 | = | 4,576,300) | ÷ | 2,859,100) |
| Jan 28, 2017 | 1.87 | = | 3,938,000) | ÷ | 2,105,900) |
| Jan 30, 2016 | 1.88 | = | 3,935,900) | ÷ | 2,095,400) |
| Jan 31, 2015 | 2.31 | = | 1,994,600) | ÷ | 861,600) |
| Feb 1, 2014 | 2.01 | = | 1,378,500) | ÷ | 686,300) |
| Feb 2, 2013 | 2.18 | = | 1,473,500) | ÷ | 676,200) |
| Jan 28, 2012 | 2.08 | = | 1,209,400) | ÷ | 581,000) |
| Jan 29, 2011 | 2.50 | = | 1,333,300) | ÷ | 532,800) |
| Jan 30, 2010 | 2.74 | = | 1,305,600) | ÷ | 475,900) |
| Jan 31, 2009 | 2.62 | = | 1,073,200) | ÷ | 409,900) |
| Feb 2, 2008 | 1.94 | = | 788,800) | ÷ | 405,900) |
| Feb 3, 2007 | 2.50 | = | 959,000) | ÷ | 383,300) |
| Jan 28, 2006 | 3.19 | = | 943,676) | ÷ | 295,456) |
| Jan 29, 2005 | 3.29 | = | 969,887) | ÷ | 294,355) |
Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-02-03), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).
1 US$ in thousands
An analysis of liquidity metrics from 2005 to 2022 reveals a sustained long-term decline in the current ratio, indicating a fundamental shift in the management of short-term assets and liabilities. While the organization maintained a highly liquid position in the early 2000s, the trend suggests a transition toward a leaner working capital strategy.
- Liquidity Ratio Progression
- The current ratio decreased from a peak of 3.29 in 2005 to 1.34 by 2022. This overall downward trajectory is characterized by an initial period of high liquidity (above 2.0 between 2005 and 2014), followed by a more pronounced decline starting in 2015. A significant trough was observed in 2020, when the ratio reached its lowest point of 1.20.
- Asset and Liability Expansion
- Both current assets and current liabilities experienced substantial growth over the seventeen-year period. Current assets rose from 969,887 thousand USD in 2005 to 5,609,200 thousand USD in 2022. However, current liabilities grew at a more aggressive rate, increasing from 294,355 thousand USD to 4,176,600 thousand USD. The disproportionate growth of liabilities relative to assets is the primary driver of the declining current ratio.
- Period-Specific Volatility
- The data shows distinct phases of liquidity fluctuation. Between 2005 and 2014, the ratio remained relatively robust, generally fluctuating between 1.94 and 3.29. From 2015 onward, a consistent downward trend emerged, with the ratio failing to return to the 2.0 threshold after 2019. The stabilization at 1.34 in 2022 suggests a new baseline for short-term solvency management.
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Comparison to Competitors
Dollar Tree Inc., current ratio, long-term trends, comparison to competitors
| Dollar Tree Inc. | Costco Wholesale Corp. | Target Corp. | Walmart Inc. | |
|---|---|---|---|---|
| Jan 29, 2022 | 1.34 | 1.02 | 0.99 | 0.93 |
| Jan 30, 2021 | 1.35 | 1.00 | 1.03 | 0.97 |
| Feb 1, 2020 | 1.20 | 1.13 | 0.89 | 0.79 |
| Feb 2, 2019 | 2.05 | 1.01 | 0.83 | 0.80 |
| Feb 3, 2018 | 1.60 | 1.02 | 0.95 | 0.76 |
| Jan 28, 2017 | 1.87 | 0.99 | 0.94 | 0.86 |
| Jan 30, 2016 | 1.88 | 0.98 | 1.12 | 0.93 |
| Jan 31, 2015 | 2.31 | 1.05 | 1.20 | 0.97 |
| Feb 1, 2014 | 2.01 | 1.22 | 0.91 | 0.88 |
| Feb 2, 2013 | 2.18 | 1.19 | 1.17 | 0.83 |
| Jan 28, 2012 | 2.08 | 1.10 | 1.15 | 0.88 |
| Jan 29, 2011 | 2.50 | 1.14 | 1.71 | 0.89 |
| Jan 30, 2010 | 2.74 | 1.16 | 1.63 | 0.87 |
| Jan 31, 2009 | 2.62 | 1.11 | 1.66 | 0.88 |
| Feb 2, 2008 | 1.94 | 1.07 | 1.60 | 0.81 |
| Feb 3, 2007 | 2.50 | 1.09 | 1.32 | 0.90 |
| Jan 28, 2006 | 3.19 | 1.05 | 1.50 | 0.90 |
| Jan 29, 2005 | 3.29 | 1.22 | 1.69 | 0.90 |
Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-02-03), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).
Comparison to Sector (Consumer Staples Distribution & Retail)
Dollar Tree Inc., current ratio, long-term trends, comparison to sector (consumer staples distribution & retail)
| Dollar Tree Inc. | Consumer Staples Distribution & Retail | |
|---|---|---|
| Jan 29, 2022 | 1.34 | 0.96 |
| Jan 30, 2021 | 1.35 | 0.99 |
| Feb 1, 2020 | 1.20 | 0.88 |
| Feb 2, 2019 | 2.05 | 0.85 |
| Feb 3, 2018 | 1.60 | 0.83 |
| Jan 28, 2017 | 1.87 | 0.90 |
| Jan 30, 2016 | 1.88 | 0.97 |
| Jan 31, 2015 | 2.31 | 1.01 |
| Feb 1, 2014 | 2.01 | 0.94 |
| Feb 2, 2013 | 2.18 | 0.93 |
| Jan 28, 2012 | 2.08 | 0.96 |
| Jan 29, 2011 | 2.50 | 1.03 |
| Jan 30, 2010 | 2.74 | 1.02 |
| Jan 31, 2009 | 2.62 | 1.02 |
| Feb 2, 2008 | 1.94 | 0.96 |
| Feb 3, 2007 | 2.50 | 0.99 |
| Jan 28, 2006 | 3.19 | 1.00 |
| Jan 29, 2005 | 3.29 | 1.05 |
Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-02-03), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).
Comparison to Industry (Consumer Staples)
Dollar Tree Inc., current ratio, long-term trends, comparison to industry (consumer staples)
| Dollar Tree Inc. | Consumer Staples | |
|---|---|---|
| Jan 29, 2022 | 1.34 | 0.87 |
| Jan 30, 2021 | 1.35 | 0.93 |
| Feb 1, 2020 | 1.20 | 0.92 |
| Feb 2, 2019 | 2.05 | 0.82 |
| Feb 3, 2018 | 1.60 | 0.87 |
| Jan 28, 2017 | 1.87 | 1.02 |
| Jan 30, 2016 | 1.88 | 1.04 |
| Jan 31, 2015 | 2.31 | 1.06 |
| Feb 1, 2014 | 2.01 | 0.97 |
| Feb 2, 2013 | 2.18 | 0.97 |
| Jan 28, 2012 | 2.08 | 0.99 |
| Jan 29, 2011 | 2.50 | 0.97 |
| Jan 30, 2010 | 2.74 | 1.01 |
| Jan 31, 2009 | 2.62 | 1.03 |
| Feb 2, 2008 | 1.94 | 0.98 |
| Feb 3, 2007 | 2.50 | 0.91 |
| Jan 28, 2006 | 3.19 | 1.04 |
| Jan 29, 2005 | 3.29 | 0.99 |
Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-02-03), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).