Current Ratio
since 2010
Calculation
Dollar General Corp., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Feb 2, 2024 | 1.19 | = | 8,010,724) | ÷ | 6,725,701) |
| Feb 3, 2023 | 1.29 | = | 7,581,009) | ÷ | 5,887,768) |
| Jan 28, 2022 | 1.05 | = | 6,303,843) | ÷ | 5,979,357) |
| Jan 29, 2021 | 1.21 | = | 6,914,219) | ÷ | 5,710,783) |
| Jan 31, 2020 | 1.14 | = | 5,177,868) | ÷ | 4,543,560) |
| Feb 1, 2019 | 1.55 | = | 4,663,020) | ÷ | 3,015,857) |
| Feb 2, 2018 | 1.43 | = | 4,247,852) | ÷ | 2,964,878) |
| Feb 3, 2017 | 1.40 | = | 3,677,771) | ÷ | 2,622,805) |
| Jan 29, 2016 | 1.72 | = | 3,432,410) | ÷ | 1,995,596) |
| Jan 30, 2015 | 1.78 | = | 3,532,609) | ÷ | 1,987,740) |
| Jan 31, 2014 | 1.77 | = | 3,205,607) | ÷ | 1,811,971) |
| Feb 1, 2013 | 1.54 | = | 2,677,113) | ÷ | 1,738,547) |
| Feb 3, 2012 | 1.51 | = | 2,275,074) | ÷ | 1,509,902) |
| Jan 28, 2011 | 1.73 | = | 2,367,825) | ÷ | 1,365,373) |
| Jan 29, 2010 | 1.53 | = | 1,845,449) | ÷ | 1,206,500) |
Based on: 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-02-01), 10-K (reporting date: 2018-02-02), 10-K (reporting date: 2017-02-03), 10-K (reporting date: 2016-01-29), 10-K (reporting date: 2015-01-30), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-02-01), 10-K (reporting date: 2012-02-03), 10-K (reporting date: 2011-01-28), 10-K (reporting date: 2010-01-29).
1 US$ in thousands
The organization has experienced substantial growth in its short-term financial position from 2010 to 2024. Current assets expanded from 1.85 billion USD to 8.01 billion USD, while current liabilities grew from 1.21 billion USD to 6.73 billion USD over the same period. Despite the overall increase in scale, the efficiency of liquidity management, as measured by the current ratio, has transitioned from a position of high surplus to a more lean operational state.
- Long-term Liquidity Trend
- Between 2010 and 2016, a strong liquidity profile was maintained, with the current ratio consistently remaining above 1.50 and peaking at 1.78 in 2015. This period was characterized by current assets comfortably exceeding current liabilities, indicating a high capacity to meet short-term obligations.
- Period of Compression
- A downward trend in the current ratio became evident starting in 2017, with a significant acceleration occurring between 2019 and 2022. During this window, the ratio declined from 1.55 to a low of 1.05. This compression coincided with a rapid increase in current liabilities, which grew from 3.02 billion USD in 2019 to 5.98 billion USD in 2022, narrowing the margin of safety for short-term solvency.
- Recent Stabilization
- Following the low point in 2022, a marginal recovery is observed. The ratio increased to 1.29 in 2023 and adjusted to 1.19 by 2024. While these levels remain below the historical averages seen in the first half of the analyzed period, they indicate a stabilization of the relationship between short-term assets and liabilities.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.
How can I help you?
Comparison to Competitors
Dollar General Corp., current ratio, long-term trends, comparison to competitors
| Dollar General Corp. | Costco Wholesale Corp. | Target Corp. | Walmart Inc. | |
|---|---|---|---|---|
| Feb 2, 2024 | 1.19 | 0.97 | 0.91 | 0.83 |
| Feb 3, 2023 | 1.29 | 1.07 | 0.92 | 0.82 |
| Jan 28, 2022 | 1.05 | 1.02 | 0.99 | 0.93 |
| Jan 29, 2021 | 1.21 | 1.00 | 1.03 | 0.97 |
| Jan 31, 2020 | 1.14 | 1.13 | 0.89 | 0.79 |
| Feb 1, 2019 | 1.55 | 1.01 | 0.83 | 0.80 |
| Feb 2, 2018 | 1.43 | 1.02 | 0.95 | 0.76 |
| Feb 3, 2017 | 1.40 | 0.99 | 0.94 | 0.86 |
| Jan 29, 2016 | 1.72 | 0.98 | 1.12 | 0.93 |
| Jan 30, 2015 | 1.78 | 1.05 | 1.20 | 0.97 |
| Jan 31, 2014 | 1.77 | 1.22 | 0.91 | 0.88 |
| Feb 1, 2013 | 1.54 | 1.19 | 1.17 | 0.83 |
| Feb 3, 2012 | 1.51 | 1.10 | 1.15 | 0.88 |
| Jan 28, 2011 | 1.73 | 1.14 | 1.71 | 0.89 |
| Jan 29, 2010 | 1.53 | 1.16 | 1.63 | 0.87 |
Based on: 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-02-01), 10-K (reporting date: 2018-02-02), 10-K (reporting date: 2017-02-03), 10-K (reporting date: 2016-01-29), 10-K (reporting date: 2015-01-30), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-02-01), 10-K (reporting date: 2012-02-03), 10-K (reporting date: 2011-01-28), 10-K (reporting date: 2010-01-29).
Comparison to Sector (Consumer Staples Distribution & Retail)
Dollar General Corp., current ratio, long-term trends, comparison to sector (consumer staples distribution & retail)
| Dollar General Corp. | Consumer Staples Distribution & Retail | |
|---|---|---|
| Feb 2, 2024 | 1.19 | 0.87 |
| Feb 3, 2023 | 1.29 | 0.89 |
| Jan 28, 2022 | 1.05 | 0.96 |
| Jan 29, 2021 | 1.21 | 0.99 |
| Jan 31, 2020 | 1.14 | 0.88 |
| Feb 1, 2019 | 1.55 | 0.85 |
| Feb 2, 2018 | 1.43 | 0.83 |
| Feb 3, 2017 | 1.40 | 0.90 |
| Jan 29, 2016 | 1.72 | 0.97 |
| Jan 30, 2015 | 1.78 | 1.01 |
| Jan 31, 2014 | 1.77 | 0.94 |
| Feb 1, 2013 | 1.54 | 0.93 |
| Feb 3, 2012 | 1.51 | 0.96 |
| Jan 28, 2011 | 1.73 | 1.03 |
| Jan 29, 2010 | 1.53 | 1.02 |
Based on: 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-02-01), 10-K (reporting date: 2018-02-02), 10-K (reporting date: 2017-02-03), 10-K (reporting date: 2016-01-29), 10-K (reporting date: 2015-01-30), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-02-01), 10-K (reporting date: 2012-02-03), 10-K (reporting date: 2011-01-28), 10-K (reporting date: 2010-01-29).
Comparison to Industry (Consumer Staples)
Dollar General Corp., current ratio, long-term trends, comparison to industry (consumer staples)
| Dollar General Corp. | Consumer Staples | |
|---|---|---|
| Feb 2, 2024 | 1.19 | 0.85 |
| Feb 3, 2023 | 1.29 | 0.84 |
| Jan 28, 2022 | 1.05 | 0.87 |
| Jan 29, 2021 | 1.21 | 0.93 |
| Jan 31, 2020 | 1.14 | 0.92 |
| Feb 1, 2019 | 1.55 | 0.82 |
| Feb 2, 2018 | 1.43 | 0.87 |
| Feb 3, 2017 | 1.40 | 1.02 |
| Jan 29, 2016 | 1.72 | 1.04 |
| Jan 30, 2015 | 1.78 | 1.06 |
| Jan 31, 2014 | 1.77 | 0.97 |
| Feb 1, 2013 | 1.54 | 0.97 |
| Feb 3, 2012 | 1.51 | 0.99 |
| Jan 28, 2011 | 1.73 | 0.97 |
| Jan 29, 2010 | 1.53 | 1.01 |
Based on: 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-02-01), 10-K (reporting date: 2018-02-02), 10-K (reporting date: 2017-02-03), 10-K (reporting date: 2016-01-29), 10-K (reporting date: 2015-01-30), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-02-01), 10-K (reporting date: 2012-02-03), 10-K (reporting date: 2011-01-28), 10-K (reporting date: 2010-01-29).