Analysis of Solvency Ratios
Quarterly Data
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
Dollar General Corp., solvency 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).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Dollar General Corp. debt to equity ratio improved from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024. |
| Debt to equity (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Dollar General Corp. debt to equity ratio (including operating lease liability) improved from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Dollar General Corp. debt to capital ratio improved from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024. |
| Debt to capital (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Dollar General Corp. debt to capital ratio (including operating lease liability) improved from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Dollar General Corp. debt to assets ratio deteriorated from Q4 2023 to Q1 2024 but then improved from Q1 2024 to Q2 2024 exceeding Q4 2023 level. |
| Debt to assets (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Dollar General Corp. debt to assets ratio (including operating lease liability) improved from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Dollar General Corp. financial leverage ratio decreased from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Dollar General Corp. interest coverage ratio deteriorated from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024. |
Debt to Equity
Dollar General Corp., debt to equity 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) | ||||||||||||||||||||||||||||||||||
| Short-term borrowings | —) | 250,000) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | ||||||||
| Current portion of long-term obligations | —) | —) | —) | —) | 900,635) | 900,635) | —) | —) | —) | —) | —) | —) | —) | 580) | 555) | 555) | 555) | 555) | 1,950) | 1,929) | 1,909) | 1,889) | 401,345) | 401,532) | 401,402) | 401,188) | ||||||||
| Long-term obligations, excluding current portion | 7,295,215) | 7,028,767) | 7,009,399) | 5,985,728) | 4,290,700) | 3,947,462) | 4,172,068) | 4,127,426) | 4,156,765) | 4,130,710) | 4,130,975) | 4,131,573) | 4,089,001) | 3,967,221) | 2,911,438) | 2,762,490) | 2,573,483) | 2,732,105) | 2,862,740) | 2,902,439) | 2,776,811) | 2,862,497) | 2,604,613) | 2,719,568) | 2,683,105) | 2,632,090) | ||||||||
| Total debt | 7,295,215) | 7,278,767) | 7,009,399) | 5,985,728) | 5,191,335) | 4,848,097) | 4,172,068) | 4,127,426) | 4,156,765) | 4,130,710) | 4,130,975) | 4,131,573) | 4,089,001) | 3,967,801) | 2,911,993) | 2,763,045) | 2,574,038) | 2,732,660) | 2,864,690) | 2,904,368) | 2,778,720) | 2,864,386) | 3,005,958) | 3,121,100) | 3,084,507) | 3,033,278) | ||||||||
| Shareholders’ equity | 6,297,705) | 5,935,251) | 5,541,772) | 6,093,806) | 6,188,491) | 5,961,624) | 6,261,986) | 6,189,801) | 6,137,135) | 6,249,925) | 6,661,238) | 6,985,519) | 7,356,071) | 7,209,454) | 6,702,500) | 6,648,295) | 6,749,160) | 6,572,669) | 6,417,393) | 6,355,888) | 6,378,942) | 6,236,318) | 6,125,774) | 5,744,155) | 5,687,095) | 5,528,881) | ||||||||
| Solvency Ratio | ||||||||||||||||||||||||||||||||||
| Debt to equity1 | 1.16 | 1.23 | 1.26 | 0.98 | 0.84 | 0.81 | 0.67 | 0.67 | 0.68 | 0.66 | 0.62 | 0.59 | 0.56 | 0.55 | 0.43 | 0.42 | 0.38 | 0.42 | 0.45 | 0.46 | 0.44 | 0.46 | 0.49 | 0.54 | 0.54 | 0.55 | ||||||||
| Benchmarks | ||||||||||||||||||||||||||||||||||
| Debt to Equity, Competitors2 | ||||||||||||||||||||||||||||||||||
| Costco Wholesale Corp. | 0.33 | 0.27 | 0.26 | 0.28 | 0.29 | 0.30 | 0.32 | 0.33 | 0.34 | 0.40 | 0.43 | 0.46 | 0.49 | 0.51 | 0.42 | 0.54 | 0.34 | 0.43 | 0.45 | 0.45 | 0.47 | 0.49 | 0.51 | 0.54 | 0.56 | 0.60 | ||||||||
| Target Corp. | 1.34 | 1.40 | 1.44 | 1.49 | 1.43 | 1.34 | 1.07 | 0.92 | 0.86 | 0.85 | 0.88 | 0.95 | 1.14 | 1.28 | 0.97 | 1.01 | 0.97 | 1.12 | 1.00 | 1.05 | 1.00 | 1.02 | — | — | — | — | ||||||||
| Walmart Inc. | 0.63 | 0.68 | 0.58 | 0.71 | 0.65 | 0.68 | 0.51 | 0.52 | 0.58 | 0.62 | 0.60 | 0.62 | 0.69 | 0.85 | 0.73 | 0.82 | 0.81 | 0.85 | 0.80 | 0.85 | 0.76 | 0.61 | — | — | — | — | ||||||||
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
Debt to equity = Total debt ÷ Shareholders’ equity
= 7,295,215 ÷ 6,297,705 = 1.16
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Dollar General Corp. debt to equity ratio improved from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024. |
Debt to Equity (including Operating Lease Liability)
Dollar General Corp., debt to equity (including operating lease liability) 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) | ||||||||||||||||||||||||||||||||||
| Short-term borrowings | —) | 250,000) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | ||||||||
| Current portion of long-term obligations | —) | —) | —) | —) | 900,635) | 900,635) | —) | —) | —) | —) | —) | —) | —) | 580) | 555) | 555) | 555) | 555) | 1,950) | 1,929) | 1,909) | 1,889) | 401,345) | 401,532) | 401,402) | 401,188) | ||||||||
| Long-term obligations, excluding current portion | 7,295,215) | 7,028,767) | 7,009,399) | 5,985,728) | 4,290,700) | 3,947,462) | 4,172,068) | 4,127,426) | 4,156,765) | 4,130,710) | 4,130,975) | 4,131,573) | 4,089,001) | 3,967,221) | 2,911,438) | 2,762,490) | 2,573,483) | 2,732,105) | 2,862,740) | 2,902,439) | 2,776,811) | 2,862,497) | 2,604,613) | 2,719,568) | 2,683,105) | 2,632,090) | ||||||||
| Total debt | 7,295,215) | 7,278,767) | 7,009,399) | 5,985,728) | 5,191,335) | 4,848,097) | 4,172,068) | 4,127,426) | 4,156,765) | 4,130,710) | 4,130,975) | 4,131,573) | 4,089,001) | 3,967,801) | 2,911,993) | 2,763,045) | 2,574,038) | 2,732,660) | 2,864,690) | 2,904,368) | 2,778,720) | 2,864,386) | 3,005,958) | 3,121,100) | 3,084,507) | 3,033,278) | ||||||||
| Current portion of operating lease liabilities | 1,331,433) | 1,311,753) | 1,288,939) | 1,257,060) | 1,231,064) | 1,205,043) | 1,183,559) | 1,157,245) | 1,127,841) | 1,101,369) | 1,074,079) | 1,044,368) | 1,015,733) | 991,054) | 964,805) | 940,504) | 915,075) | 894,469) | —) | —) | —) | —) | —) | —) | —) | —) | ||||||||
| Long-term operating lease liabilities, excluding current portion | 9,409,193) | 9,399,833) | 9,362,761) | 9,195,042) | 9,070,328) | 8,959,174) | 8,890,709) | 8,808,514) | 8,661,716) | 8,499,442) | 8,385,388) | 8,285,027) | 8,124,884) | 7,956,759) | 7,819,683) | 7,688,923) | 7,480,871) | 7,238,945) | —) | —) | —) | —) | —) | —) | —) | —) | ||||||||
| Total debt (including operating lease liability) | 18,035,841) | 17,990,353) | 17,661,099) | 16,437,830) | 15,492,727) | 15,012,314) | 14,246,336) | 14,093,185) | 13,946,322) | 13,731,521) | 13,590,442) | 13,460,968) | 13,229,618) | 12,915,614) | 11,696,481) | 11,392,472) | 10,969,984) | 10,866,074) | 2,864,690) | 2,904,368) | 2,778,720) | 2,864,386) | 3,005,958) | 3,121,100) | 3,084,507) | 3,033,278) | ||||||||
| Shareholders’ equity | 6,297,705) | 5,935,251) | 5,541,772) | 6,093,806) | 6,188,491) | 5,961,624) | 6,261,986) | 6,189,801) | 6,137,135) | 6,249,925) | 6,661,238) | 6,985,519) | 7,356,071) | 7,209,454) | 6,702,500) | 6,648,295) | 6,749,160) | 6,572,669) | 6,417,393) | 6,355,888) | 6,378,942) | 6,236,318) | 6,125,774) | 5,744,155) | 5,687,095) | 5,528,881) | ||||||||
| Solvency Ratio | ||||||||||||||||||||||||||||||||||
| Debt to equity (including operating lease liability)1 | 2.86 | 3.03 | 3.19 | 2.70 | 2.50 | 2.52 | 2.28 | 2.28 | 2.27 | 2.20 | 2.04 | 1.93 | 1.80 | 1.79 | 1.75 | 1.71 | 1.63 | 1.65 | 0.45 | 0.46 | 0.44 | 0.46 | 0.49 | 0.54 | 0.54 | 0.55 | ||||||||
| Benchmarks | ||||||||||||||||||||||||||||||||||
| Debt to Equity (including Operating Lease Liability), Competitors2 | ||||||||||||||||||||||||||||||||||
| Costco Wholesale Corp. | 0.45 | 0.36 | 0.35 | 0.38 | 0.40 | 0.42 | 0.44 | 0.45 | 0.48 | 0.55 | 0.58 | 0.62 | 0.66 | 0.69 | 0.56 | 0.69 | 0.48 | 0.58 | 0.45 | 0.45 | 0.47 | 0.49 | 0.51 | 0.54 | 0.56 | 0.60 | ||||||||
| Target Corp. | 1.57 | 1.62 | 1.67 | 1.73 | 1.67 | 1.58 | 1.26 | 1.11 | 1.03 | 1.00 | 1.03 | 1.11 | 1.31 | 1.48 | 1.16 | 1.20 | 1.15 | 1.30 | 1.18 | 1.24 | 1.18 | 1.20 | — | — | — | — | ||||||||
| Walmart Inc. | 0.81 | 0.88 | 0.77 | 0.90 | 0.84 | 0.87 | 0.69 | 0.70 | 0.76 | 0.80 | 0.78 | 0.84 | 0.92 | 1.11 | 0.97 | 1.06 | 1.06 | 1.11 | 0.80 | 0.85 | 0.76 | 0.61 | — | — | — | — | ||||||||
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
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Shareholders’ equity
= 18,035,841 ÷ 6,297,705 = 2.86
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Dollar General Corp. debt to equity ratio (including operating lease liability) improved from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024. |
Debt to Capital
Dollar General Corp., debt to capital 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) | ||||||||||||||||||||||||||||||||||
| Short-term borrowings | —) | 250,000) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | ||||||||
| Current portion of long-term obligations | —) | —) | —) | —) | 900,635) | 900,635) | —) | —) | —) | —) | —) | —) | —) | 580) | 555) | 555) | 555) | 555) | 1,950) | 1,929) | 1,909) | 1,889) | 401,345) | 401,532) | 401,402) | 401,188) | ||||||||
| Long-term obligations, excluding current portion | 7,295,215) | 7,028,767) | 7,009,399) | 5,985,728) | 4,290,700) | 3,947,462) | 4,172,068) | 4,127,426) | 4,156,765) | 4,130,710) | 4,130,975) | 4,131,573) | 4,089,001) | 3,967,221) | 2,911,438) | 2,762,490) | 2,573,483) | 2,732,105) | 2,862,740) | 2,902,439) | 2,776,811) | 2,862,497) | 2,604,613) | 2,719,568) | 2,683,105) | 2,632,090) | ||||||||
| Total debt | 7,295,215) | 7,278,767) | 7,009,399) | 5,985,728) | 5,191,335) | 4,848,097) | 4,172,068) | 4,127,426) | 4,156,765) | 4,130,710) | 4,130,975) | 4,131,573) | 4,089,001) | 3,967,801) | 2,911,993) | 2,763,045) | 2,574,038) | 2,732,660) | 2,864,690) | 2,904,368) | 2,778,720) | 2,864,386) | 3,005,958) | 3,121,100) | 3,084,507) | 3,033,278) | ||||||||
| Shareholders’ equity | 6,297,705) | 5,935,251) | 5,541,772) | 6,093,806) | 6,188,491) | 5,961,624) | 6,261,986) | 6,189,801) | 6,137,135) | 6,249,925) | 6,661,238) | 6,985,519) | 7,356,071) | 7,209,454) | 6,702,500) | 6,648,295) | 6,749,160) | 6,572,669) | 6,417,393) | 6,355,888) | 6,378,942) | 6,236,318) | 6,125,774) | 5,744,155) | 5,687,095) | 5,528,881) | ||||||||
| Total capital | 13,592,920) | 13,214,018) | 12,551,171) | 12,079,534) | 11,379,826) | 10,809,721) | 10,434,054) | 10,317,227) | 10,293,900) | 10,380,635) | 10,792,213) | 11,117,092) | 11,445,072) | 11,177,255) | 9,614,493) | 9,411,340) | 9,323,198) | 9,305,329) | 9,282,083) | 9,260,256) | 9,157,662) | 9,100,704) | 9,131,732) | 8,865,255) | 8,771,602) | 8,562,159) | ||||||||
| Solvency Ratio | ||||||||||||||||||||||||||||||||||
| Debt to capital1 | 0.54 | 0.55 | 0.56 | 0.50 | 0.46 | 0.45 | 0.40 | 0.40 | 0.40 | 0.40 | 0.38 | 0.37 | 0.36 | 0.35 | 0.30 | 0.29 | 0.28 | 0.29 | 0.31 | 0.31 | 0.30 | 0.31 | 0.33 | 0.35 | 0.35 | 0.35 | ||||||||
| Benchmarks | ||||||||||||||||||||||||||||||||||
| Debt to Capital, Competitors2 | ||||||||||||||||||||||||||||||||||
| Costco Wholesale Corp. | 0.25 | 0.21 | 0.20 | 0.22 | 0.22 | 0.23 | 0.24 | 0.25 | 0.26 | 0.29 | 0.30 | 0.32 | 0.33 | 0.34 | 0.29 | 0.35 | 0.25 | 0.30 | 0.31 | 0.31 | 0.32 | 0.33 | 0.34 | 0.35 | 0.36 | 0.37 | ||||||||
| Target Corp. | 0.57 | 0.58 | 0.59 | 0.60 | 0.59 | 0.57 | 0.52 | 0.48 | 0.46 | 0.46 | 0.47 | 0.49 | 0.53 | 0.56 | 0.49 | 0.50 | 0.49 | 0.53 | 0.50 | 0.51 | 0.50 | 0.51 | — | — | — | — | ||||||||
| Walmart Inc. | 0.39 | 0.41 | 0.37 | 0.42 | 0.40 | 0.40 | 0.34 | 0.34 | 0.37 | 0.38 | 0.38 | 0.38 | 0.41 | 0.46 | 0.42 | 0.45 | 0.45 | 0.46 | 0.44 | 0.46 | 0.43 | 0.38 | — | — | — | — | ||||||||
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
Debt to capital = Total debt ÷ Total capital
= 7,295,215 ÷ 13,592,920 = 0.54
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Dollar General Corp. debt to capital ratio improved from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024. |
Debt to Capital (including Operating Lease Liability)
Dollar General Corp., debt to capital (including operating lease liability) 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) | ||||||||||||||||||||||||||||||||||
| Short-term borrowings | —) | 250,000) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | ||||||||
| Current portion of long-term obligations | —) | —) | —) | —) | 900,635) | 900,635) | —) | —) | —) | —) | —) | —) | —) | 580) | 555) | 555) | 555) | 555) | 1,950) | 1,929) | 1,909) | 1,889) | 401,345) | 401,532) | 401,402) | 401,188) | ||||||||
| Long-term obligations, excluding current portion | 7,295,215) | 7,028,767) | 7,009,399) | 5,985,728) | 4,290,700) | 3,947,462) | 4,172,068) | 4,127,426) | 4,156,765) | 4,130,710) | 4,130,975) | 4,131,573) | 4,089,001) | 3,967,221) | 2,911,438) | 2,762,490) | 2,573,483) | 2,732,105) | 2,862,740) | 2,902,439) | 2,776,811) | 2,862,497) | 2,604,613) | 2,719,568) | 2,683,105) | 2,632,090) | ||||||||
| Total debt | 7,295,215) | 7,278,767) | 7,009,399) | 5,985,728) | 5,191,335) | 4,848,097) | 4,172,068) | 4,127,426) | 4,156,765) | 4,130,710) | 4,130,975) | 4,131,573) | 4,089,001) | 3,967,801) | 2,911,993) | 2,763,045) | 2,574,038) | 2,732,660) | 2,864,690) | 2,904,368) | 2,778,720) | 2,864,386) | 3,005,958) | 3,121,100) | 3,084,507) | 3,033,278) | ||||||||
| Current portion of operating lease liabilities | 1,331,433) | 1,311,753) | 1,288,939) | 1,257,060) | 1,231,064) | 1,205,043) | 1,183,559) | 1,157,245) | 1,127,841) | 1,101,369) | 1,074,079) | 1,044,368) | 1,015,733) | 991,054) | 964,805) | 940,504) | 915,075) | 894,469) | —) | —) | —) | —) | —) | —) | —) | —) | ||||||||
| Long-term operating lease liabilities, excluding current portion | 9,409,193) | 9,399,833) | 9,362,761) | 9,195,042) | 9,070,328) | 8,959,174) | 8,890,709) | 8,808,514) | 8,661,716) | 8,499,442) | 8,385,388) | 8,285,027) | 8,124,884) | 7,956,759) | 7,819,683) | 7,688,923) | 7,480,871) | 7,238,945) | —) | —) | —) | —) | —) | —) | —) | —) | ||||||||
| Total debt (including operating lease liability) | 18,035,841) | 17,990,353) | 17,661,099) | 16,437,830) | 15,492,727) | 15,012,314) | 14,246,336) | 14,093,185) | 13,946,322) | 13,731,521) | 13,590,442) | 13,460,968) | 13,229,618) | 12,915,614) | 11,696,481) | 11,392,472) | 10,969,984) | 10,866,074) | 2,864,690) | 2,904,368) | 2,778,720) | 2,864,386) | 3,005,958) | 3,121,100) | 3,084,507) | 3,033,278) | ||||||||
| Shareholders’ equity | 6,297,705) | 5,935,251) | 5,541,772) | 6,093,806) | 6,188,491) | 5,961,624) | 6,261,986) | 6,189,801) | 6,137,135) | 6,249,925) | 6,661,238) | 6,985,519) | 7,356,071) | 7,209,454) | 6,702,500) | 6,648,295) | 6,749,160) | 6,572,669) | 6,417,393) | 6,355,888) | 6,378,942) | 6,236,318) | 6,125,774) | 5,744,155) | 5,687,095) | 5,528,881) | ||||||||
| Total capital (including operating lease liability) | 24,333,546) | 23,925,604) | 23,202,871) | 22,531,636) | 21,681,218) | 20,973,938) | 20,508,322) | 20,282,986) | 20,083,457) | 19,981,446) | 20,251,680) | 20,446,487) | 20,585,689) | 20,125,068) | 18,398,981) | 18,040,767) | 17,719,144) | 17,438,743) | 9,282,083) | 9,260,256) | 9,157,662) | 9,100,704) | 9,131,732) | 8,865,255) | 8,771,602) | 8,562,159) | ||||||||
| Solvency Ratio | ||||||||||||||||||||||||||||||||||
| Debt to capital (including operating lease liability)1 | 0.74 | 0.75 | 0.76 | 0.73 | 0.71 | 0.72 | 0.69 | 0.69 | 0.69 | 0.69 | 0.67 | 0.66 | 0.64 | 0.64 | 0.64 | 0.63 | 0.62 | 0.62 | 0.31 | 0.31 | 0.30 | 0.31 | 0.33 | 0.35 | 0.35 | 0.35 | ||||||||
| Benchmarks | ||||||||||||||||||||||||||||||||||
| Debt to Capital (including Operating Lease Liability), Competitors2 | ||||||||||||||||||||||||||||||||||
| Costco Wholesale Corp. | 0.31 | 0.26 | 0.26 | 0.28 | 0.29 | 0.30 | 0.30 | 0.31 | 0.32 | 0.35 | 0.37 | 0.38 | 0.40 | 0.41 | 0.36 | 0.41 | 0.33 | 0.37 | 0.31 | 0.31 | 0.32 | 0.33 | 0.34 | 0.35 | 0.36 | 0.37 | ||||||||
| Target Corp. | 0.61 | 0.62 | 0.63 | 0.63 | 0.62 | 0.61 | 0.56 | 0.53 | 0.51 | 0.50 | 0.51 | 0.53 | 0.57 | 0.60 | 0.54 | 0.55 | 0.54 | 0.57 | 0.54 | 0.55 | 0.54 | 0.55 | — | — | — | — | ||||||||
| Walmart Inc. | 0.45 | 0.47 | 0.43 | 0.48 | 0.46 | 0.46 | 0.41 | 0.41 | 0.43 | 0.45 | 0.44 | 0.46 | 0.48 | 0.53 | 0.49 | 0.51 | 0.52 | 0.53 | 0.44 | 0.46 | 0.43 | 0.38 | — | — | — | — | ||||||||
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
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 18,035,841 ÷ 24,333,546 = 0.74
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Dollar General Corp. debt to capital ratio (including operating lease liability) improved from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024. |
Debt to Assets
Dollar General Corp., debt to assets 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) | ||||||||||||||||||||||||||||||||||
| Short-term borrowings | —) | 250,000) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | ||||||||
| Current portion of long-term obligations | —) | —) | —) | —) | 900,635) | 900,635) | —) | —) | —) | —) | —) | —) | —) | 580) | 555) | 555) | 555) | 555) | 1,950) | 1,929) | 1,909) | 1,889) | 401,345) | 401,532) | 401,402) | 401,188) | ||||||||
| Long-term obligations, excluding current portion | 7,295,215) | 7,028,767) | 7,009,399) | 5,985,728) | 4,290,700) | 3,947,462) | 4,172,068) | 4,127,426) | 4,156,765) | 4,130,710) | 4,130,975) | 4,131,573) | 4,089,001) | 3,967,221) | 2,911,438) | 2,762,490) | 2,573,483) | 2,732,105) | 2,862,740) | 2,902,439) | 2,776,811) | 2,862,497) | 2,604,613) | 2,719,568) | 2,683,105) | 2,632,090) | ||||||||
| Total debt | 7,295,215) | 7,278,767) | 7,009,399) | 5,985,728) | 5,191,335) | 4,848,097) | 4,172,068) | 4,127,426) | 4,156,765) | 4,130,710) | 4,130,975) | 4,131,573) | 4,089,001) | 3,967,801) | 2,911,993) | 2,763,045) | 2,574,038) | 2,732,660) | 2,864,690) | 2,904,368) | 2,778,720) | 2,864,386) | 3,005,958) | 3,121,100) | 3,084,507) | 3,033,278) | ||||||||
| Total assets | 30,395,557) | 29,803,933) | 29,083,367) | 29,007,158) | 28,239,256) | 26,956,308) | 26,327,371) | 25,925,302) | 25,487,808) | 25,236,698) | 25,862,624) | 26,153,442) | 25,847,433) | 24,848,313) | 22,825,084) | 22,412,790) | 21,917,529) | 21,304,284) | 13,204,038) | 13,121,021) | 12,943,949) | 12,493,230) | 12,516,911) | 12,374,756) | 12,120,824) | 11,796,355) | ||||||||
| Solvency Ratio | ||||||||||||||||||||||||||||||||||
| Debt to assets1 | 0.24 | 0.24 | 0.24 | 0.21 | 0.18 | 0.18 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.13 | 0.12 | 0.12 | 0.13 | 0.22 | 0.22 | 0.21 | 0.23 | 0.24 | 0.25 | 0.25 | 0.26 | ||||||||
| Benchmarks | ||||||||||||||||||||||||||||||||||
| Debt to Assets, Competitors2 | ||||||||||||||||||||||||||||||||||
| Costco Wholesale Corp. | 0.10 | 0.09 | 0.09 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.11 | 0.12 | 0.13 | 0.13 | 0.14 | 0.13 | 0.14 | 0.18 | 0.11 | 0.13 | 0.15 | 0.15 | 0.15 | 0.15 | 0.16 | 0.17 | 0.17 | 0.17 | ||||||||
| Target Corp. | 0.30 | 0.31 | 0.30 | 0.30 | 0.29 | 0.28 | 0.25 | 0.23 | 0.25 | 0.25 | 0.25 | 0.25 | 0.30 | 0.32 | 0.27 | 0.27 | 0.28 | 0.31 | 0.27 | 0.27 | 0.28 | 0.29 | — | — | — | — | ||||||||
| Walmart Inc. | 0.20 | 0.20 | 0.18 | 0.21 | 0.21 | 0.21 | 0.17 | 0.18 | 0.19 | 0.20 | 0.19 | 0.20 | 0.22 | 0.25 | 0.23 | 0.24 | 0.24 | 0.25 | 0.26 | 0.27 | 0.26 | 0.23 | — | — | — | — | ||||||||
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
Debt to assets = Total debt ÷ Total assets
= 7,295,215 ÷ 30,395,557 = 0.24
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Dollar General Corp. debt to assets ratio deteriorated from Q4 2023 to Q1 2024 but then improved from Q1 2024 to Q2 2024 exceeding Q4 2023 level. |
Debt to Assets (including Operating Lease Liability)
Dollar General Corp., debt to assets (including operating lease liability) 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) | ||||||||||||||||||||||||||||||||||
| Short-term borrowings | —) | 250,000) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | ||||||||
| Current portion of long-term obligations | —) | —) | —) | —) | 900,635) | 900,635) | —) | —) | —) | —) | —) | —) | —) | 580) | 555) | 555) | 555) | 555) | 1,950) | 1,929) | 1,909) | 1,889) | 401,345) | 401,532) | 401,402) | 401,188) | ||||||||
| Long-term obligations, excluding current portion | 7,295,215) | 7,028,767) | 7,009,399) | 5,985,728) | 4,290,700) | 3,947,462) | 4,172,068) | 4,127,426) | 4,156,765) | 4,130,710) | 4,130,975) | 4,131,573) | 4,089,001) | 3,967,221) | 2,911,438) | 2,762,490) | 2,573,483) | 2,732,105) | 2,862,740) | 2,902,439) | 2,776,811) | 2,862,497) | 2,604,613) | 2,719,568) | 2,683,105) | 2,632,090) | ||||||||
| Total debt | 7,295,215) | 7,278,767) | 7,009,399) | 5,985,728) | 5,191,335) | 4,848,097) | 4,172,068) | 4,127,426) | 4,156,765) | 4,130,710) | 4,130,975) | 4,131,573) | 4,089,001) | 3,967,801) | 2,911,993) | 2,763,045) | 2,574,038) | 2,732,660) | 2,864,690) | 2,904,368) | 2,778,720) | 2,864,386) | 3,005,958) | 3,121,100) | 3,084,507) | 3,033,278) | ||||||||
| Current portion of operating lease liabilities | 1,331,433) | 1,311,753) | 1,288,939) | 1,257,060) | 1,231,064) | 1,205,043) | 1,183,559) | 1,157,245) | 1,127,841) | 1,101,369) | 1,074,079) | 1,044,368) | 1,015,733) | 991,054) | 964,805) | 940,504) | 915,075) | 894,469) | —) | —) | —) | —) | —) | —) | —) | —) | ||||||||
| Long-term operating lease liabilities, excluding current portion | 9,409,193) | 9,399,833) | 9,362,761) | 9,195,042) | 9,070,328) | 8,959,174) | 8,890,709) | 8,808,514) | 8,661,716) | 8,499,442) | 8,385,388) | 8,285,027) | 8,124,884) | 7,956,759) | 7,819,683) | 7,688,923) | 7,480,871) | 7,238,945) | —) | —) | —) | —) | —) | —) | —) | —) | ||||||||
| Total debt (including operating lease liability) | 18,035,841) | 17,990,353) | 17,661,099) | 16,437,830) | 15,492,727) | 15,012,314) | 14,246,336) | 14,093,185) | 13,946,322) | 13,731,521) | 13,590,442) | 13,460,968) | 13,229,618) | 12,915,614) | 11,696,481) | 11,392,472) | 10,969,984) | 10,866,074) | 2,864,690) | 2,904,368) | 2,778,720) | 2,864,386) | 3,005,958) | 3,121,100) | 3,084,507) | 3,033,278) | ||||||||
| Total assets | 30,395,557) | 29,803,933) | 29,083,367) | 29,007,158) | 28,239,256) | 26,956,308) | 26,327,371) | 25,925,302) | 25,487,808) | 25,236,698) | 25,862,624) | 26,153,442) | 25,847,433) | 24,848,313) | 22,825,084) | 22,412,790) | 21,917,529) | 21,304,284) | 13,204,038) | 13,121,021) | 12,943,949) | 12,493,230) | 12,516,911) | 12,374,756) | 12,120,824) | 11,796,355) | ||||||||
| Solvency Ratio | ||||||||||||||||||||||||||||||||||
| Debt to assets (including operating lease liability)1 | 0.59 | 0.60 | 0.61 | 0.57 | 0.55 | 0.56 | 0.54 | 0.54 | 0.55 | 0.54 | 0.53 | 0.51 | 0.51 | 0.52 | 0.51 | 0.51 | 0.50 | 0.51 | 0.22 | 0.22 | 0.21 | 0.23 | 0.24 | 0.25 | 0.25 | 0.26 | ||||||||
| Benchmarks | ||||||||||||||||||||||||||||||||||
| Debt to Assets (including Operating Lease Liability), Competitors2 | ||||||||||||||||||||||||||||||||||
| Costco Wholesale Corp. | 0.14 | 0.13 | 0.13 | 0.13 | 0.14 | 0.14 | 0.14 | 0.14 | 0.15 | 0.16 | 0.17 | 0.18 | 0.19 | 0.17 | 0.18 | 0.22 | 0.16 | 0.18 | 0.15 | 0.15 | 0.15 | 0.15 | 0.16 | 0.17 | 0.17 | 0.17 | ||||||||
| Target Corp. | 0.35 | 0.36 | 0.35 | 0.34 | 0.34 | 0.34 | 0.30 | 0.28 | 0.30 | 0.30 | 0.29 | 0.29 | 0.34 | 0.37 | 0.32 | 0.32 | 0.33 | 0.36 | 0.32 | 0.31 | 0.33 | 0.34 | — | — | — | — | ||||||||
| Walmart Inc. | 0.25 | 0.26 | 0.24 | 0.26 | 0.26 | 0.27 | 0.23 | 0.24 | 0.26 | 0.27 | 0.25 | 0.27 | 0.29 | 0.32 | 0.31 | 0.32 | 0.32 | 0.32 | 0.26 | 0.27 | 0.26 | 0.23 | — | — | — | — | ||||||||
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
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 18,035,841 ÷ 30,395,557 = 0.59
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Dollar General Corp. debt to assets ratio (including operating lease liability) improved from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024. |
Financial Leverage
Dollar General Corp., financial leverage 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) | ||||||||||||||||||||||||||||||||||
| Total assets | 30,395,557) | 29,803,933) | 29,083,367) | 29,007,158) | 28,239,256) | 26,956,308) | 26,327,371) | 25,925,302) | 25,487,808) | 25,236,698) | 25,862,624) | 26,153,442) | 25,847,433) | 24,848,313) | 22,825,084) | 22,412,790) | 21,917,529) | 21,304,284) | 13,204,038) | 13,121,021) | 12,943,949) | 12,493,230) | 12,516,911) | 12,374,756) | 12,120,824) | 11,796,355) | ||||||||
| Shareholders’ equity | 6,297,705) | 5,935,251) | 5,541,772) | 6,093,806) | 6,188,491) | 5,961,624) | 6,261,986) | 6,189,801) | 6,137,135) | 6,249,925) | 6,661,238) | 6,985,519) | 7,356,071) | 7,209,454) | 6,702,500) | 6,648,295) | 6,749,160) | 6,572,669) | 6,417,393) | 6,355,888) | 6,378,942) | 6,236,318) | 6,125,774) | 5,744,155) | 5,687,095) | 5,528,881) | ||||||||
| Solvency Ratio | ||||||||||||||||||||||||||||||||||
| Financial leverage1 | 4.83 | 5.02 | 5.25 | 4.76 | 4.56 | 4.52 | 4.20 | 4.19 | 4.15 | 4.04 | 3.88 | 3.74 | 3.51 | 3.45 | 3.41 | 3.37 | 3.25 | 3.24 | 2.06 | 2.06 | 2.03 | 2.00 | 2.04 | 2.15 | 2.13 | 2.13 | ||||||||
| Benchmarks | ||||||||||||||||||||||||||||||||||
| Financial Leverage, Competitors2 | ||||||||||||||||||||||||||||||||||
| Costco Wholesale Corp. | 3.19 | 2.82 | 2.75 | 2.83 | 2.93 | 3.08 | 3.11 | 3.20 | 3.25 | 3.47 | 3.37 | 3.47 | 3.51 | 4.05 | 3.04 | 3.08 | 2.94 | 3.24 | 2.98 | 3.02 | 3.09 | 3.33 | 3.19 | 3.26 | 3.29 | 3.55 | ||||||||
| Target Corp. | 4.44 | 4.49 | 4.75 | 5.05 | 4.95 | 4.72 | 4.20 | 3.94 | 3.46 | 3.37 | 3.55 | 3.80 | 3.82 | 4.01 | 3.62 | 3.79 | 3.51 | 3.65 | 3.65 | 3.93 | 3.58 | 3.49 | — | — | — | — | ||||||||
| Walmart Inc. | 3.21 | 3.38 | 3.17 | 3.43 | 3.19 | 3.20 | 2.94 | 2.98 | 2.96 | 3.02 | 3.12 | 3.08 | 3.15 | 3.41 | 3.17 | 3.35 | 3.34 | 3.44 | 3.02 | 3.15 | 2.89 | 2.71 | — | — | — | — | ||||||||
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
Financial leverage = Total assets ÷ Shareholders’ equity
= 30,395,557 ÷ 6,297,705 = 4.83
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Dollar General Corp. financial leverage ratio decreased from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024. |
Interest Coverage
Dollar General Corp., interest coverage 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) | ||||||||||||||||||||||||||||||||||
| Net income | 468,835) | 514,380) | 659,135) | 526,167) | 678,030) | 552,657) | 597,433) | 487,031) | 637,019) | 677,749) | 642,743) | 574,260) | 787,601) | 650,446) | 535,437) | 365,550) | 426,555) | 385,013) | 483,241) | 334,142) | 407,237) | 364,852) | 712,155) | 252,533) | 294,783) | 279,489) | ||||||||
| Add: Income tax expense | 139,142) | 143,440) | 199,221) | 155,282) | 192,298) | 153,824) | 160,730) | 139,359) | 173,119) | 190,709) | 189,213) | 158,572) | 215,700) | 185,845) | 159,871) | 101,603) | 126,410) | 101,291) | 130,201) | 83,415) | 111,769) | 100,559) | (112,998) | 140,903) | 174,615) | 165,800) | ||||||||
| Add: Interest expense | 84,337) | 83,038) | 74,818) | 53,681) | 43,098) | 39,676) | 38,506) | 39,198) | 39,430) | 40,392) | 40,268) | 40,298) | 39,326) | 30,493) | 25,567) | 24,264) | 24,810) | 25,933) | 25,061) | 24,586) | 25,451) | 24,773) | 24,289) | 23,995) | 23,748) | 25,004) | ||||||||
| Earnings before interest and tax (EBIT) | 692,314) | 740,858) | 933,174) | 735,130) | 913,426) | 746,157) | 796,669) | 665,588) | 849,568) | 908,850) | 872,224) | 773,130) | 1,042,627) | 866,784) | 720,875) | 491,417) | 577,775) | 512,237) | 638,503) | 442,143) | 544,457) | 490,184) | 623,446) | 417,431) | 493,146) | 470,293) | ||||||||
| Solvency Ratio | ||||||||||||||||||||||||||||||||||
| Interest coverage1 | 10.48 | 13.05 | 15.75 | 18.24 | 19.45 | 19.50 | 20.45 | 20.69 | 21.22 | 22.44 | 23.64 | 25.08 | 26.09 | 25.27 | 22.89 | 22.18 | 21.62 | 21.16 | 21.18 | 21.19 | 21.07 | 20.91 | 20.66 | — | — | — | ||||||||
| Benchmarks | ||||||||||||||||||||||||||||||||||
| Interest Coverage, Competitors2 | ||||||||||||||||||||||||||||||||||
| Costco Wholesale Corp. | 54.08 | 54.80 | 54.04 | 53.89 | 54.62 | 52.73 | 50.62 | 48.01 | 45.54 | 41.68 | 40.06 | 37.81 | 35.56 | 36.58 | 34.54 | 33.40 | 33.57 | 33.16 | 32.77 | 31.86 | 31.13 | 29.11 | 28.94 | — | — | — | ||||||||
| Target Corp. | 8.80 | 7.58 | 8.15 | 10.70 | 13.46 | 18.76 | 22.16 | 21.38 | 9.43 | 9.08 | 6.68 | 5.92 | 10.51 | 8.47 | 9.78 | 9.86 | 9.42 | 9.09 | 8.97 | — | — | — | — | — | — | — | ||||||||
| Walmart Inc. | 9.35 | 8.19 | 9.00 | 7.63 | 11.00 | 10.43 | 10.38 | 7.37 | 8.59 | 9.31 | 9.88 | 11.98 | 10.50 | 9.08 | 8.74 | 8.69 | 8.11 | 6.54 | 5.88 | — | — | — | — | — | — | — | ||||||||
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
Interest coverage
= (EBITQ2 2024
+ EBITQ1 2024
+ EBITQ4 2023
+ EBITQ3 2023)
÷ (Interest expenseQ2 2024
+ Interest expenseQ1 2024
+ Interest expenseQ4 2023
+ Interest expenseQ3 2023)
= (692,314 + 740,858 + 933,174 + 735,130)
÷ (84,337 + 83,038 + 74,818 + 53,681)
= 10.48
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Dollar General Corp. interest coverage ratio deteriorated from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024. |