Analysis of Liquidity Ratios
Quarterly Data
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Dollar General Corp., liquidity ratios (quarterly data)
Based on: 10-Q (reporting date: 2023-08-04), 10-Q (reporting date: 2023-05-05), 10-K (reporting date: 2023-02-03), 10-Q (reporting date: 2022-10-28), 10-Q (reporting date: 2022-07-29), 10-Q (reporting date: 2022-04-29), 10-K (reporting date: 2022-01-28), 10-Q (reporting date: 2021-10-29), 10-Q (reporting date: 2021-07-30), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-29), 10-Q (reporting date: 2020-10-30), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-05-01), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-11-01), 10-Q (reporting date: 2019-08-02), 10-Q (reporting date: 2019-05-03), 10-K (reporting date: 2019-02-01), 10-Q (reporting date: 2018-11-02), 10-Q (reporting date: 2018-08-03), 10-Q (reporting date: 2018-05-04), 10-K (reporting date: 2018-02-02), 10-Q (reporting date: 2017-11-03), 10-Q (reporting date: 2017-08-04), 10-Q (reporting date: 2017-05-05).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Dollar General Corp. current ratio improved from Q4 2023 to Q1 2024 and 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. | Dollar General Corp. quick ratio deteriorated from Q4 2023 to Q1 2024 but then improved from Q1 2024 to Q2 2024 not reaching Q4 2023 level. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Dollar General Corp. cash ratio deteriorated from Q4 2023 to Q1 2024 but then improved from Q1 2024 to Q2 2024 not reaching Q4 2023 level. |
Current Ratio
Dollar General Corp., current ratio calculation (quarterly data)
| Aug 4, 2023 | May 5, 2023 | Feb 3, 2023 | Oct 28, 2022 | Jul 29, 2022 | Apr 29, 2022 | Jan 28, 2022 | Oct 29, 2021 | Jul 30, 2021 | Apr 30, 2021 | Jan 29, 2021 | Oct 30, 2020 | Jul 31, 2020 | May 1, 2020 | Jan 31, 2020 | Nov 1, 2019 | Aug 2, 2019 | May 3, 2019 | Feb 1, 2019 | Nov 2, 2018 | Aug 3, 2018 | May 4, 2018 | Feb 2, 2018 | Nov 3, 2017 | Aug 4, 2017 | May 5, 2017 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||||||||
| Current assets | 8,413,979) | 8,055,460) | 7,581,009) | 8,017,016) | 7,682,892) | 6,736,870) | 6,303,843) | 6,181,834) | 5,992,718) | 6,041,745) | 6,914,219) | 7,533,432) | 7,597,408) | 6,992,483) | 5,177,868) | 5,068,542) | 4,919,138) | 4,583,769) | 4,663,020) | 4,630,344) | 4,517,826) | 4,166,036) | 4,247,852) | 4,153,334) | 3,979,991) | 3,748,949) | ||||||||
| Current liabilities | 6,033,922) | 6,100,679) | 5,887,768) | 6,502,647) | 7,566,786) | 6,951,841) | 5,979,357) | 5,740,499) | 5,479,084) | 5,315,398) | 5,710,783) | 5,886,211) | 5,411,188) | 4,843,228) | 4,543,560) | 4,506,038) | 4,312,270) | 3,956,716) | 3,015,857) | 2,982,182) | 2,915,544) | 2,525,332) | 2,964,878) | 2,937,806) | 2,806,755) | 2,692,041) | ||||||||
| Liquidity Ratio | ||||||||||||||||||||||||||||||||||
| Current ratio1 | 1.39 | 1.32 | 1.29 | 1.23 | 1.02 | 0.97 | 1.05 | 1.08 | 1.09 | 1.14 | 1.21 | 1.28 | 1.40 | 1.44 | 1.14 | 1.12 | 1.14 | 1.16 | 1.55 | 1.55 | 1.55 | 1.65 | 1.43 | 1.41 | 1.42 | 1.39 | ||||||||
| Benchmarks | ||||||||||||||||||||||||||||||||||
| Current Ratio, Competitors2 | ||||||||||||||||||||||||||||||||||
| Costco Wholesale Corp. | 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 | ||||||||
| 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: 2023-08-04), 10-Q (reporting date: 2023-05-05), 10-K (reporting date: 2023-02-03), 10-Q (reporting date: 2022-10-28), 10-Q (reporting date: 2022-07-29), 10-Q (reporting date: 2022-04-29), 10-K (reporting date: 2022-01-28), 10-Q (reporting date: 2021-10-29), 10-Q (reporting date: 2021-07-30), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-29), 10-Q (reporting date: 2020-10-30), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-05-01), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-11-01), 10-Q (reporting date: 2019-08-02), 10-Q (reporting date: 2019-05-03), 10-K (reporting date: 2019-02-01), 10-Q (reporting date: 2018-11-02), 10-Q (reporting date: 2018-08-03), 10-Q (reporting date: 2018-05-04), 10-K (reporting date: 2018-02-02), 10-Q (reporting date: 2017-11-03), 10-Q (reporting date: 2017-08-04), 10-Q (reporting date: 2017-05-05).
1 Q2 2024 Calculation
Current ratio = Current assets ÷ Current liabilities
= 8,413,979 ÷ 6,033,922 = 1.39
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. | Dollar General Corp. current ratio improved from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024. |
Quick Ratio
Dollar General Corp., quick ratio calculation (quarterly data)
| Aug 4, 2023 | May 5, 2023 | Feb 3, 2023 | Oct 28, 2022 | Jul 29, 2022 | Apr 29, 2022 | Jan 28, 2022 | Oct 29, 2021 | Jul 30, 2021 | Apr 30, 2021 | Jan 29, 2021 | Oct 30, 2020 | Jul 31, 2020 | May 1, 2020 | Jan 31, 2020 | Nov 1, 2019 | Aug 2, 2019 | May 3, 2019 | Feb 1, 2019 | Nov 2, 2018 | Aug 3, 2018 | May 4, 2018 | Feb 2, 2018 | Nov 3, 2017 | Aug 4, 2017 | May 5, 2017 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||||||||
| Cash and cash equivalents | 353,018) | 313,064) | 381,576) | 362,731) | 326,263) | 335,613) | 344,829) | 488,662) | 313,666) | 688,055) | 1,376,577) | 2,199,443) | 2,959,604) | 2,673,912) | 240,320) | 276,076) | 259,568) | 271,111) | 235,487) | 260,688) | 265,288) | 283,970) | 267,441) | 226,192) | 214,173) | 205,977) | ||||||||
| Total quick assets | 353,018) | 313,064) | 381,576) | 362,731) | 326,263) | 335,613) | 344,829) | 488,662) | 313,666) | 688,055) | 1,376,577) | 2,199,443) | 2,959,604) | 2,673,912) | 240,320) | 276,076) | 259,568) | 271,111) | 235,487) | 260,688) | 265,288) | 283,970) | 267,441) | 226,192) | 214,173) | 205,977) | ||||||||
| Current liabilities | 6,033,922) | 6,100,679) | 5,887,768) | 6,502,647) | 7,566,786) | 6,951,841) | 5,979,357) | 5,740,499) | 5,479,084) | 5,315,398) | 5,710,783) | 5,886,211) | 5,411,188) | 4,843,228) | 4,543,560) | 4,506,038) | 4,312,270) | 3,956,716) | 3,015,857) | 2,982,182) | 2,915,544) | 2,525,332) | 2,964,878) | 2,937,806) | 2,806,755) | 2,692,041) | ||||||||
| Liquidity Ratio | ||||||||||||||||||||||||||||||||||
| Quick ratio1 | 0.06 | 0.05 | 0.06 | 0.06 | 0.04 | 0.05 | 0.06 | 0.09 | 0.06 | 0.13 | 0.24 | 0.37 | 0.55 | 0.55 | 0.05 | 0.06 | 0.06 | 0.07 | 0.08 | 0.09 | 0.09 | 0.11 | 0.09 | 0.08 | 0.08 | 0.08 | ||||||||
| Benchmarks | ||||||||||||||||||||||||||||||||||
| Quick Ratio, Competitors2 | ||||||||||||||||||||||||||||||||||
| Costco Wholesale Corp. | 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 | ||||||||
| 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: 2023-08-04), 10-Q (reporting date: 2023-05-05), 10-K (reporting date: 2023-02-03), 10-Q (reporting date: 2022-10-28), 10-Q (reporting date: 2022-07-29), 10-Q (reporting date: 2022-04-29), 10-K (reporting date: 2022-01-28), 10-Q (reporting date: 2021-10-29), 10-Q (reporting date: 2021-07-30), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-29), 10-Q (reporting date: 2020-10-30), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-05-01), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-11-01), 10-Q (reporting date: 2019-08-02), 10-Q (reporting date: 2019-05-03), 10-K (reporting date: 2019-02-01), 10-Q (reporting date: 2018-11-02), 10-Q (reporting date: 2018-08-03), 10-Q (reporting date: 2018-05-04), 10-K (reporting date: 2018-02-02), 10-Q (reporting date: 2017-11-03), 10-Q (reporting date: 2017-08-04), 10-Q (reporting date: 2017-05-05).
1 Q2 2024 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 353,018 ÷ 6,033,922 = 0.06
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. | Dollar General Corp. quick ratio deteriorated from Q4 2023 to Q1 2024 but then improved from Q1 2024 to Q2 2024 not reaching Q4 2023 level. |
Cash Ratio
Dollar General Corp., cash ratio calculation (quarterly data)
| Aug 4, 2023 | May 5, 2023 | Feb 3, 2023 | Oct 28, 2022 | Jul 29, 2022 | Apr 29, 2022 | Jan 28, 2022 | Oct 29, 2021 | Jul 30, 2021 | Apr 30, 2021 | Jan 29, 2021 | Oct 30, 2020 | Jul 31, 2020 | May 1, 2020 | Jan 31, 2020 | Nov 1, 2019 | Aug 2, 2019 | May 3, 2019 | Feb 1, 2019 | Nov 2, 2018 | Aug 3, 2018 | May 4, 2018 | Feb 2, 2018 | Nov 3, 2017 | Aug 4, 2017 | May 5, 2017 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||||||||
| Cash and cash equivalents | 353,018) | 313,064) | 381,576) | 362,731) | 326,263) | 335,613) | 344,829) | 488,662) | 313,666) | 688,055) | 1,376,577) | 2,199,443) | 2,959,604) | 2,673,912) | 240,320) | 276,076) | 259,568) | 271,111) | 235,487) | 260,688) | 265,288) | 283,970) | 267,441) | 226,192) | 214,173) | 205,977) | ||||||||
| Total cash assets | 353,018) | 313,064) | 381,576) | 362,731) | 326,263) | 335,613) | 344,829) | 488,662) | 313,666) | 688,055) | 1,376,577) | 2,199,443) | 2,959,604) | 2,673,912) | 240,320) | 276,076) | 259,568) | 271,111) | 235,487) | 260,688) | 265,288) | 283,970) | 267,441) | 226,192) | 214,173) | 205,977) | ||||||||
| Current liabilities | 6,033,922) | 6,100,679) | 5,887,768) | 6,502,647) | 7,566,786) | 6,951,841) | 5,979,357) | 5,740,499) | 5,479,084) | 5,315,398) | 5,710,783) | 5,886,211) | 5,411,188) | 4,843,228) | 4,543,560) | 4,506,038) | 4,312,270) | 3,956,716) | 3,015,857) | 2,982,182) | 2,915,544) | 2,525,332) | 2,964,878) | 2,937,806) | 2,806,755) | 2,692,041) | ||||||||
| Liquidity Ratio | ||||||||||||||||||||||||||||||||||
| Cash ratio1 | 0.06 | 0.05 | 0.06 | 0.06 | 0.04 | 0.05 | 0.06 | 0.09 | 0.06 | 0.13 | 0.24 | 0.37 | 0.55 | 0.55 | 0.05 | 0.06 | 0.06 | 0.07 | 0.08 | 0.09 | 0.09 | 0.11 | 0.09 | 0.08 | 0.08 | 0.08 | ||||||||
| Benchmarks | ||||||||||||||||||||||||||||||||||
| Cash Ratio, Competitors2 | ||||||||||||||||||||||||||||||||||
| Costco Wholesale Corp. | 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 | ||||||||
| 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: 2023-08-04), 10-Q (reporting date: 2023-05-05), 10-K (reporting date: 2023-02-03), 10-Q (reporting date: 2022-10-28), 10-Q (reporting date: 2022-07-29), 10-Q (reporting date: 2022-04-29), 10-K (reporting date: 2022-01-28), 10-Q (reporting date: 2021-10-29), 10-Q (reporting date: 2021-07-30), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-29), 10-Q (reporting date: 2020-10-30), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-05-01), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-11-01), 10-Q (reporting date: 2019-08-02), 10-Q (reporting date: 2019-05-03), 10-K (reporting date: 2019-02-01), 10-Q (reporting date: 2018-11-02), 10-Q (reporting date: 2018-08-03), 10-Q (reporting date: 2018-05-04), 10-K (reporting date: 2018-02-02), 10-Q (reporting date: 2017-11-03), 10-Q (reporting date: 2017-08-04), 10-Q (reporting date: 2017-05-05).
1 Q2 2024 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 353,018 ÷ 6,033,922 = 0.06
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. | Dollar General Corp. cash ratio deteriorated from Q4 2023 to Q1 2024 but then improved from Q1 2024 to Q2 2024 not reaching Q4 2023 level. |