Stock Analysis on Net
Stock Analysis on Net

Dollar General Corp. (NYSE:DG)

Analysis of Solvency Ratios
Quarterly Data

Beginner level

Solvency Ratios (Summary)

Dollar General Corp., solvency ratios (quarterly data)

Microsoft Excel LibreOffice Calc
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 Feb 3, 2017 Oct 28, 2016 Jul 29, 2016 Apr 29, 2016 Jan 29, 2016 Oct 30, 2015 Jul 31, 2015 May 1, 2015 Jan 30, 2015 Oct 31, 2014 Aug 1, 2014 May 2, 2014
Debt Ratios
Debt to equity 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 0.59 0.59 0.56 0.56 0.55 0.58 0.53 0.50 0.48 0.52 0.59 0.64
Debt to equity (including operating lease liability) 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 0.59 0.59 0.56 0.56 0.55 0.58 0.53 0.50 0.48 0.52 0.59 0.64
Debt to capital 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 0.37 0.37 0.36 0.36 0.36 0.37 0.35 0.34 0.32 0.34 0.37 0.39
Debt to capital (including operating lease liability) 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 0.37 0.37 0.36 0.36 0.36 0.37 0.35 0.34 0.32 0.34 0.37 0.39
Debt to assets 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 0.28 0.27 0.26 0.26 0.26 0.28 0.26 0.25 0.24 0.25 0.28 0.29
Debt to assets (including operating lease liability) 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 0.28 0.27 0.26 0.26 0.26 0.28 0.26 0.25 0.24 0.25 0.28 0.29
Financial leverage 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 2.16 2.22 2.15 2.10 2.09 2.11 2.07 2.03 1.97 2.04 2.12 2.19
Coverage Ratios
Interest coverage 26.09 25.27 22.89 22.18 21.62 21.16 21.18 21.19 21.07 20.91 20.66 20.98 20.76 20.79 21.09 20.87 21.76 22.28 22.31 22.23 21.78 20.76 20.05

Based on: 10-Q (filing date: 2020-08-27), 10-Q (filing date: 2020-05-28), 10-K (filing date: 2020-03-19), 10-Q (filing date: 2019-12-05), 10-Q (filing date: 2019-08-29), 10-Q (filing date: 2019-05-30), 10-K (filing date: 2019-03-22), 10-Q (filing date: 2018-12-04), 10-Q (filing date: 2018-08-30), 10-Q (filing date: 2018-05-31), 10-K (filing date: 2018-03-23), 10-Q (filing date: 2017-12-07), 10-Q (filing date: 2017-08-31), 10-Q (filing date: 2017-06-01), 10-K (filing date: 2017-03-24), 10-Q (filing date: 2016-12-01), 10-Q (filing date: 2016-08-25), 10-Q (filing date: 2016-05-26), 10-K (filing date: 2016-03-22), 10-Q (filing date: 2015-12-03), 10-Q (filing date: 2015-08-27), 10-Q (filing date: 2015-06-02), 10-K (filing date: 2015-03-20), 10-Q (filing date: 2014-12-04), 10-Q (filing date: 2014-08-28), 10-Q (filing date: 2014-06-03).

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. Dollar General Corp.’s debt to equity ratio deteriorated from Q4 2020 to Q1 2021 and from Q1 2021 to Q2 2021.
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.’s debt to equity ratio (including operating lease liability) deteriorated from Q4 2020 to Q1 2021 and from Q1 2021 to Q2 2021.
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. Dollar General Corp.’s debt to capital ratio deteriorated from Q4 2020 to Q1 2021 and from Q1 2021 to Q2 2021.
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.’s debt to capital ratio (including operating lease liability) deteriorated from Q4 2020 to Q1 2021 and from Q1 2021 to Q2 2021.
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. Dollar General Corp.’s debt to assets ratio deteriorated from Q4 2020 to Q1 2021 but then slightly improved from Q1 2021 to Q2 2021.
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.’s debt to assets ratio (including operating lease liability) deteriorated from Q4 2020 to Q1 2021 but then improved from Q1 2021 to Q2 2021 exceeding Q4 2020 level.
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Dollar General Corp.’s financial leverage ratio increased from Q4 2020 to Q1 2021 and from Q1 2021 to Q2 2021.

Solvency ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. Dollar General Corp.’s interest coverage ratio improved from Q4 2020 to Q1 2021 and from Q1 2021 to Q2 2021.

Debt to Equity

Dollar General Corp., debt to equity calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Feb 3, 2017 Oct 28, 2016 Jul 29, 2016 Apr 29, 2016 Jan 29, 2016 Oct 30, 2015 Jul 31, 2015 May 1, 2015 Jan 30, 2015 Oct 31, 2014 Aug 1, 2014 May 2, 2014
Selected Financial Data (US$ in thousands)
Current portion of long-term obligations —  580  555  555  555  555  1,950  1,929  1,909  1,889  401,345  401,532  401,402  401,188  500,950  501,480  501,548  1,526  1,379  1,358  101,335  101,309  101,158  101,041  101,013  100,989 
Long-term obligations, excluding current portion 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  2,710,576  2,673,210  2,556,464  2,989,663  2,969,175  3,105,332  2,761,794  2,614,005  2,639,427  2,666,022  2,881,217  3,006,404 
Total debt 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  3,211,526  3,174,690  3,058,012  2,991,189  2,970,554  3,106,690  2,863,129  2,715,314  2,740,585  2,767,063  2,982,230  3,107,393 
 
Shareholders’ equity 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  5,406,294  5,361,852  5,413,361  5,388,383  5,377,876  5,343,593  5,418,934  5,385,858  5,710,038  5,343,637  5,095,993  4,832,227 
Solvency Ratio
Debt to equity1 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 0.59 0.59 0.56 0.56 0.55 0.58 0.53 0.50 0.48 0.52 0.59 0.64
Benchmarks
Debt to Equity, Competitors2
Amazon.com Inc. 0.73 0.83 0.78 0.83 0.90 0.93 0.99 0.57 0.63 0.70 0.78 0.90 1.04 0.38 0.40 0.45 0.46 0.50 0.56 0.63 0.75 0.81 0.89
Costco Wholesale Corp. 0.42 0.54 0.34 0.43 0.45 0.45 0.47 0.49 0.51 0.54 0.56 0.60 0.62 0.40 0.41 0.43 0.43 0.44 0.45 0.56 0.58 0.57 0.49 0.41
Home Depot Inc. 19.53 12.69 15.29 18.59 10.06 7.03 5.79 5.45 4.07 3.15 3.31 3.37 2.74 2.24 1.83 1.84 1.65 1.46 1.21
Lowe’s Cos. Inc. 5.01 12.71 9.79 7.26 6.65 5.42 4.45 2.89 2.74 2.76 2.89 2.79 2.91 2.90 2.44 2.30 2.29 2.14 1.65 1.50 1.31 1.20 1.14 1.06 0.90 0.88
Target Corp. 1.14 1.28 0.97 1.01 0.97 1.12 1.00 1.05 1.00 1.02 0.99 1.13 1.10 1.16 1.16 1.16 1.10 1.13 0.98 0.96 0.91 0.90 0.91 0.80 0.79 0.78
TJX Cos. Inc. 1.33 1.52 0.38 0.40 0.42 0.44 0.44 0.42 0.43 0.42 0.43 0.48 0.49 0.49 0.49 0.51 0.36 0.36 0.38 0.37 0.38 0.38 0.38 0.37 0.38 0.30
Walmart Inc. 0.69 0.85 0.73 0.82 0.81 0.85 0.80 0.85 0.76 0.61 0.60 0.66 0.62 0.63 0.59 0.64 0.62 0.67 0.62 0.66 0.62 0.66 0.62 0.70 0.70 0.76

Based on: 10-Q (filing date: 2020-08-27), 10-Q (filing date: 2020-05-28), 10-K (filing date: 2020-03-19), 10-Q (filing date: 2019-12-05), 10-Q (filing date: 2019-08-29), 10-Q (filing date: 2019-05-30), 10-K (filing date: 2019-03-22), 10-Q (filing date: 2018-12-04), 10-Q (filing date: 2018-08-30), 10-Q (filing date: 2018-05-31), 10-K (filing date: 2018-03-23), 10-Q (filing date: 2017-12-07), 10-Q (filing date: 2017-08-31), 10-Q (filing date: 2017-06-01), 10-K (filing date: 2017-03-24), 10-Q (filing date: 2016-12-01), 10-Q (filing date: 2016-08-25), 10-Q (filing date: 2016-05-26), 10-K (filing date: 2016-03-22), 10-Q (filing date: 2015-12-03), 10-Q (filing date: 2015-08-27), 10-Q (filing date: 2015-06-02), 10-K (filing date: 2015-03-20), 10-Q (filing date: 2014-12-04), 10-Q (filing date: 2014-08-28), 10-Q (filing date: 2014-06-03).

1 Q2 2021 Calculation
Debt to equity = Total debt ÷ Shareholders’ equity
= 4,089,001 ÷ 7,356,071 = 0.56

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.’s debt to equity ratio deteriorated from Q4 2020 to Q1 2021 and from Q1 2021 to Q2 2021.

Debt to Equity (including Operating Lease Liability)

Dollar General Corp., debt to equity (including operating lease liability) calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Feb 3, 2017 Oct 28, 2016 Jul 29, 2016 Apr 29, 2016 Jan 29, 2016 Oct 30, 2015 Jul 31, 2015 May 1, 2015 Jan 30, 2015 Oct 31, 2014 Aug 1, 2014 May 2, 2014
Selected Financial Data (US$ in thousands)
Current portion of long-term obligations —  580  555  555  555  555  1,950  1,929  1,909  1,889  401,345  401,532  401,402  401,188  500,950  501,480  501,548  1,526  1,379  1,358  101,335  101,309  101,158  101,041  101,013  100,989 
Long-term obligations, excluding current portion 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  2,710,576  2,673,210  2,556,464  2,989,663  2,969,175  3,105,332  2,761,794  2,614,005  2,639,427  2,666,022  2,881,217  3,006,404 
Total debt 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  3,211,526  3,174,690  3,058,012  2,991,189  2,970,554  3,106,690  2,863,129  2,715,314  2,740,585  2,767,063  2,982,230  3,107,393 
Current portion of operating lease liabilities 1,015,733  991,054  964,805  940,504  915,075  894,469  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Long-term operating lease liabilities, excluding current portion 8,124,884  7,956,759  7,819,683  7,688,923  7,480,871  7,238,945  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Total debt (including operating lease liability) 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  3,211,526  3,174,690  3,058,012  2,991,189  2,970,554  3,106,690  2,863,129  2,715,314  2,740,585  2,767,063  2,982,230  3,107,393 
 
Shareholders’ equity 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  5,406,294  5,361,852  5,413,361  5,388,383  5,377,876  5,343,593  5,418,934  5,385,858  5,710,038  5,343,637  5,095,993  4,832,227 
Solvency Ratio
Debt to equity (including operating lease liability)1 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 0.59 0.59 0.56 0.56 0.55 0.58 0.53 0.50 0.48 0.52 0.59 0.64
Benchmarks
Debt to Equity (including Operating Lease Liability), Competitors2
Amazon.com Inc. 1.16 1.23 1.20 1.25 1.32 1.35 1.43 0.57 0.63 0.70 0.78 0.90 1.04 0.38 0.40 0.45 0.46 0.50 0.56 0.63 0.75 0.81 0.89
Costco Wholesale Corp. 0.56 0.69 0.48 0.58 0.45 0.45 0.47 0.49 0.51 0.54 0.56 0.60 0.62 0.40 0.41 0.43 0.43 0.44 0.45 0.56 0.58 0.57 0.49 0.41
Home Depot Inc. 19.53 12.69 15.29 18.59 10.06 7.03 5.79 5.45 4.07 3.15 3.31 3.37 2.74 2.24 1.83 1.84 1.65 1.46 1.21
Lowe’s Cos. Inc. 6.01 15.28 12.04 9.07 8.37 6.83 4.45 2.89 2.74 2.76 2.89 2.79 2.91 2.90 2.44 2.30 2.29 2.14 1.65 1.50 1.31 1.20 1.14 1.06 0.90 0.88
Target Corp. 1.31 1.48 1.16 1.20 1.15 1.30 1.18 1.24 1.18 1.20 0.99 1.13 1.10 1.16 1.16 1.16 1.10 1.13 0.98 0.96 0.91 0.90 0.91 0.80 0.79 0.78
TJX Cos. Inc. 3.36 3.48 1.93 2.07 2.14 2.18 0.44 0.42 0.43 0.42 0.43 0.48 0.49 0.49 0.49 0.51 0.36 0.36 0.38 0.37 0.38 0.38 0.38 0.37 0.38 0.30
Walmart Inc. 0.92 1.11 0.97 1.06 1.06 1.11 0.80 0.85 0.76 0.61 0.60 0.66 0.62 0.63 0.59 0.64 0.62 0.67 0.62 0.66 0.62 0.66 0.62 0.70 0.70 0.76

Based on: 10-Q (filing date: 2020-08-27), 10-Q (filing date: 2020-05-28), 10-K (filing date: 2020-03-19), 10-Q (filing date: 2019-12-05), 10-Q (filing date: 2019-08-29), 10-Q (filing date: 2019-05-30), 10-K (filing date: 2019-03-22), 10-Q (filing date: 2018-12-04), 10-Q (filing date: 2018-08-30), 10-Q (filing date: 2018-05-31), 10-K (filing date: 2018-03-23), 10-Q (filing date: 2017-12-07), 10-Q (filing date: 2017-08-31), 10-Q (filing date: 2017-06-01), 10-K (filing date: 2017-03-24), 10-Q (filing date: 2016-12-01), 10-Q (filing date: 2016-08-25), 10-Q (filing date: 2016-05-26), 10-K (filing date: 2016-03-22), 10-Q (filing date: 2015-12-03), 10-Q (filing date: 2015-08-27), 10-Q (filing date: 2015-06-02), 10-K (filing date: 2015-03-20), 10-Q (filing date: 2014-12-04), 10-Q (filing date: 2014-08-28), 10-Q (filing date: 2014-06-03).

1 Q2 2021 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Shareholders’ equity
= 13,229,618 ÷ 7,356,071 = 1.80

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.’s debt to equity ratio (including operating lease liability) deteriorated from Q4 2020 to Q1 2021 and from Q1 2021 to Q2 2021.

Debt to Capital

Dollar General Corp., debt to capital calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Feb 3, 2017 Oct 28, 2016 Jul 29, 2016 Apr 29, 2016 Jan 29, 2016 Oct 30, 2015 Jul 31, 2015 May 1, 2015 Jan 30, 2015 Oct 31, 2014 Aug 1, 2014 May 2, 2014
Selected Financial Data (US$ in thousands)
Current portion of long-term obligations —  580  555  555  555  555  1,950  1,929  1,909  1,889  401,345  401,532  401,402  401,188  500,950  501,480  501,548  1,526  1,379  1,358  101,335  101,309  101,158  101,041  101,013  100,989 
Long-term obligations, excluding current portion 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  2,710,576  2,673,210  2,556,464  2,989,663  2,969,175  3,105,332  2,761,794  2,614,005  2,639,427  2,666,022  2,881,217  3,006,404 
Total debt 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  3,211,526  3,174,690  3,058,012  2,991,189  2,970,554  3,106,690  2,863,129  2,715,314  2,740,585  2,767,063  2,982,230  3,107,393 
Shareholders’ equity 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  5,406,294  5,361,852  5,413,361  5,388,383  5,377,876  5,343,593  5,418,934  5,385,858  5,710,038  5,343,637  5,095,993  4,832,227 
Total capital 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  8,617,820  8,536,542  8,471,373  8,379,572  8,348,430  8,450,283  8,282,063  8,101,172  8,450,623  8,110,700  8,078,223  7,939,620 
Solvency Ratio
Debt to capital1 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 0.37 0.37 0.36 0.36 0.36 0.37 0.35 0.34 0.32 0.34 0.37 0.39
Benchmarks
Debt to Capital, Competitors2
Amazon.com Inc. 0.42 0.45 0.44 0.45 0.47 0.48 0.50 0.36 0.39 0.41 0.44 0.47 0.51 0.27 0.29 0.31 0.32 0.33 0.36 0.39 0.43 0.45 0.47
Costco Wholesale Corp. 0.29 0.35 0.25 0.30 0.31 0.31 0.32 0.33 0.34 0.35 0.36 0.37 0.38 0.29 0.29 0.30 0.30 0.31 0.31 0.36 0.37 0.36 0.33 0.29
Home Depot Inc. 1.01 1.11 1.11 1.04 1.04 1.08 1.07 0.95 0.93 0.94 0.95 0.91 0.88 0.85 0.84 0.80 0.76 0.77 0.77 0.73 0.69 0.65 0.65 0.62 0.59 0.55
Lowe’s Cos. Inc. 0.83 0.93 0.91 0.88 0.87 0.84 0.82 0.74 0.73 0.73 0.74 0.74 0.74 0.74 0.71 0.70 0.70 0.68 0.62 0.60 0.57 0.55 0.53 0.51 0.47 0.47
Target Corp. 0.53 0.56 0.49 0.50 0.49 0.53 0.50 0.51 0.50 0.51 0.50 0.53 0.52 0.54 0.54 0.54 0.52 0.53 0.50 0.49 0.48 0.47 0.48 0.44 0.44 0.44
TJX Cos. Inc. 0.57 0.60 0.27 0.29 0.30 0.30 0.31 0.30 0.30 0.30 0.30 0.32 0.33 0.33 0.33 0.34 0.27 0.26 0.27 0.27 0.28 0.27 0.28 0.27 0.28 0.23
Walmart Inc. 0.41 0.46 0.42 0.45 0.45 0.46 0.44 0.46 0.43 0.38 0.37 0.40 0.38 0.39 0.37 0.39 0.38 0.40 0.38 0.40 0.38 0.40 0.38 0.41 0.41 0.43

Based on: 10-Q (filing date: 2020-08-27), 10-Q (filing date: 2020-05-28), 10-K (filing date: 2020-03-19), 10-Q (filing date: 2019-12-05), 10-Q (filing date: 2019-08-29), 10-Q (filing date: 2019-05-30), 10-K (filing date: 2019-03-22), 10-Q (filing date: 2018-12-04), 10-Q (filing date: 2018-08-30), 10-Q (filing date: 2018-05-31), 10-K (filing date: 2018-03-23), 10-Q (filing date: 2017-12-07), 10-Q (filing date: 2017-08-31), 10-Q (filing date: 2017-06-01), 10-K (filing date: 2017-03-24), 10-Q (filing date: 2016-12-01), 10-Q (filing date: 2016-08-25), 10-Q (filing date: 2016-05-26), 10-K (filing date: 2016-03-22), 10-Q (filing date: 2015-12-03), 10-Q (filing date: 2015-08-27), 10-Q (filing date: 2015-06-02), 10-K (filing date: 2015-03-20), 10-Q (filing date: 2014-12-04), 10-Q (filing date: 2014-08-28), 10-Q (filing date: 2014-06-03).

1 Q2 2021 Calculation
Debt to capital = Total debt ÷ Total capital
= 4,089,001 ÷ 11,445,072 = 0.36

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.’s debt to capital ratio deteriorated from Q4 2020 to Q1 2021 and from Q1 2021 to Q2 2021.

Debt to Capital (including Operating Lease Liability)

Dollar General Corp., debt to capital (including operating lease liability) calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Feb 3, 2017 Oct 28, 2016 Jul 29, 2016 Apr 29, 2016 Jan 29, 2016 Oct 30, 2015 Jul 31, 2015 May 1, 2015 Jan 30, 2015 Oct 31, 2014 Aug 1, 2014 May 2, 2014
Selected Financial Data (US$ in thousands)
Current portion of long-term obligations —  580  555  555  555  555  1,950  1,929  1,909  1,889  401,345  401,532  401,402  401,188  500,950  501,480  501,548  1,526  1,379  1,358  101,335  101,309  101,158  101,041  101,013  100,989 
Long-term obligations, excluding current portion 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  2,710,576  2,673,210  2,556,464  2,989,663  2,969,175  3,105,332  2,761,794  2,614,005  2,639,427  2,666,022  2,881,217  3,006,404 
Total debt 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  3,211,526  3,174,690  3,058,012  2,991,189  2,970,554  3,106,690  2,863,129  2,715,314  2,740,585  2,767,063  2,982,230  3,107,393 
Current portion of operating lease liabilities 1,015,733  991,054  964,805  940,504  915,075  894,469  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Long-term operating lease liabilities, excluding current portion 8,124,884  7,956,759  7,819,683  7,688,923  7,480,871  7,238,945  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Total debt (including operating lease liability) 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  3,211,526  3,174,690  3,058,012  2,991,189  2,970,554  3,106,690  2,863,129  2,715,314  2,740,585  2,767,063  2,982,230  3,107,393 
Shareholders’ equity 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  5,406,294  5,361,852  5,413,361  5,388,383  5,377,876  5,343,593  5,418,934  5,385,858  5,710,038  5,343,637  5,095,993  4,832,227 
Total capital (including operating lease liability) 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  8,617,820  8,536,542  8,471,373  8,379,572  8,348,430  8,450,283  8,282,063  8,101,172  8,450,623  8,110,700  8,078,223  7,939,620 
Solvency Ratio
Debt to capital (including operating lease liability)1 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 0.37 0.37 0.36 0.36 0.36 0.37 0.35 0.34 0.32 0.34 0.37 0.39
Benchmarks
Debt to Capital (including Operating Lease Liability), Competitors2
Amazon.com Inc. 0.54 0.55 0.54 0.56 0.57 0.57 0.59 0.36 0.39 0.41 0.44 0.47 0.51 0.27 0.29 0.31 0.32 0.33 0.36 0.39 0.43 0.45 0.47
Costco Wholesale Corp. 0.36 0.41 0.33 0.37 0.31 0.31 0.32 0.33 0.34 0.35 0.36 0.37 0.38 0.29 0.29 0.30 0.30 0.31 0.31 0.36 0.37 0.36 0.33 0.29
Home Depot Inc. 1.01 1.09 1.09 1.03 1.03 1.07 1.07 0.95 0.93 0.94 0.95 0.91 0.88 0.85 0.84 0.80 0.76 0.77 0.77 0.73 0.69 0.65 0.65 0.62 0.59 0.55
Lowe’s Cos. Inc. 0.86 0.94 0.92 0.90 0.89 0.87 0.82 0.74 0.73 0.73 0.74 0.74 0.74 0.74 0.71 0.70 0.70 0.68 0.62 0.60 0.57 0.55 0.53 0.51 0.47 0.47
Target Corp. 0.57 0.60 0.54 0.55 0.54 0.57 0.54 0.55 0.54 0.55 0.50 0.53 0.52 0.54 0.54 0.54 0.52 0.53 0.50 0.49 0.48 0.47 0.48 0.44 0.44 0.44
TJX Cos. Inc. 0.77 0.78 0.66 0.67 0.68 0.69 0.31 0.30 0.30 0.30 0.30 0.32 0.33 0.33 0.33 0.34 0.27 0.26 0.27 0.27 0.28 0.27 0.28 0.27 0.28 0.23
Walmart Inc. 0.48 0.53 0.49 0.51 0.52 0.53 0.44 0.46 0.43 0.38 0.37 0.40 0.38 0.39 0.37 0.39 0.38 0.40 0.38 0.40 0.38 0.40 0.38 0.41 0.41 0.43

Based on: 10-Q (filing date: 2020-08-27), 10-Q (filing date: 2020-05-28), 10-K (filing date: 2020-03-19), 10-Q (filing date: 2019-12-05), 10-Q (filing date: 2019-08-29), 10-Q (filing date: 2019-05-30), 10-K (filing date: 2019-03-22), 10-Q (filing date: 2018-12-04), 10-Q (filing date: 2018-08-30), 10-Q (filing date: 2018-05-31), 10-K (filing date: 2018-03-23), 10-Q (filing date: 2017-12-07), 10-Q (filing date: 2017-08-31), 10-Q (filing date: 2017-06-01), 10-K (filing date: 2017-03-24), 10-Q (filing date: 2016-12-01), 10-Q (filing date: 2016-08-25), 10-Q (filing date: 2016-05-26), 10-K (filing date: 2016-03-22), 10-Q (filing date: 2015-12-03), 10-Q (filing date: 2015-08-27), 10-Q (filing date: 2015-06-02), 10-K (filing date: 2015-03-20), 10-Q (filing date: 2014-12-04), 10-Q (filing date: 2014-08-28), 10-Q (filing date: 2014-06-03).

1 Q2 2021 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 13,229,618 ÷ 20,585,689 = 0.64

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.’s debt to capital ratio (including operating lease liability) deteriorated from Q4 2020 to Q1 2021 and from Q1 2021 to Q2 2021.

Debt to Assets

Dollar General Corp., debt to assets calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Feb 3, 2017 Oct 28, 2016 Jul 29, 2016 Apr 29, 2016 Jan 29, 2016 Oct 30, 2015 Jul 31, 2015 May 1, 2015 Jan 30, 2015 Oct 31, 2014 Aug 1, 2014 May 2, 2014
Selected Financial Data (US$ in thousands)
Current portion of long-term obligations —  580  555  555  555  555  1,950  1,929  1,909  1,889  401,345  401,532  401,402  401,188  500,950  501,480  501,548  1,526  1,379  1,358  101,335  101,309  101,158  101,041  101,013  100,989 
Long-term obligations, excluding current portion 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  2,710,576  2,673,210  2,556,464  2,989,663  2,969,175  3,105,332  2,761,794  2,614,005  2,639,427  2,666,022  2,881,217  3,006,404 
Total debt 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  3,211,526  3,174,690  3,058,012  2,991,189  2,970,554  3,106,690  2,863,129  2,715,314  2,740,585  2,767,063  2,982,230  3,107,393 
 
Total assets 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  11,672,298  11,917,076  11,617,370  11,316,384  11,257,885  11,288,293  11,195,195  10,956,550  11,224,104  10,877,372  10,825,794  10,601,884 
Solvency Ratio
Debt to assets1 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 0.28 0.27 0.26 0.26 0.26 0.28 0.26 0.25 0.24 0.25 0.28 0.29
Benchmarks
Debt to Assets, Competitors2
Amazon.com Inc. 0.22 0.24 0.23 0.23 0.25 0.26 0.27 0.15 0.17 0.18 0.20 0.19 0.22 0.10 0.11 0.10 0.12 0.13 0.14 0.13 0.17 0.18 0.19
Costco Wholesale Corp. 0.14 0.18 0.11 0.13 0.15 0.15 0.15 0.15 0.16 0.17 0.17 0.17 0.18 0.11 0.14 0.14 0.16 0.15 0.15 0.17 0.18 0.18 0.15 0.15
Home Depot Inc. 0.55 0.61 0.61 0.56 0.55 0.55 0.66 0.57 0.55 0.55 0.61 0.57 0.54 0.51 0.55 0.51 0.47 0.47 0.50 0.47 0.44 0.40 0.43 0.40 0.38 0.35
Lowe’s Cos. Inc. 0.42 0.48 0.49 0.45 0.43 0.41 0.47 0.42 0.43 0.41 0.48 0.44 0.44 0.43 0.46 0.43 0.43 0.41 0.40 0.37 0.35 0.33 0.36 0.33 0.31 0.30
Target Corp. 0.30 0.32 0.27 0.27 0.28 0.31 0.27 0.27 0.28 0.29 0.30 0.31 0.33 0.34 0.34 0.33 0.34 0.36 0.32 0.31 0.32 0.32 0.31 0.28 0.29 0.29
TJX Cos. Inc. 0.23 0.28 0.09 0.09 0.10 0.10 0.16 0.15 0.16 0.16 0.16 0.16 0.17 0.17 0.17 0.17 0.14 0.14 0.14 0.14 0.14 0.14 0.15 0.14 0.15 0.12
Walmart Inc. 0.22 0.25 0.23 0.24 0.24 0.25 0.26 0.27 0.26 0.23 0.23 0.24 0.24 0.23 0.23 0.24 0.24 0.25 0.25 0.26 0.25 0.25 0.25 0.27 0.27 0.27

Based on: 10-Q (filing date: 2020-08-27), 10-Q (filing date: 2020-05-28), 10-K (filing date: 2020-03-19), 10-Q (filing date: 2019-12-05), 10-Q (filing date: 2019-08-29), 10-Q (filing date: 2019-05-30), 10-K (filing date: 2019-03-22), 10-Q (filing date: 2018-12-04), 10-Q (filing date: 2018-08-30), 10-Q (filing date: 2018-05-31), 10-K (filing date: 2018-03-23), 10-Q (filing date: 2017-12-07), 10-Q (filing date: 2017-08-31), 10-Q (filing date: 2017-06-01), 10-K (filing date: 2017-03-24), 10-Q (filing date: 2016-12-01), 10-Q (filing date: 2016-08-25), 10-Q (filing date: 2016-05-26), 10-K (filing date: 2016-03-22), 10-Q (filing date: 2015-12-03), 10-Q (filing date: 2015-08-27), 10-Q (filing date: 2015-06-02), 10-K (filing date: 2015-03-20), 10-Q (filing date: 2014-12-04), 10-Q (filing date: 2014-08-28), 10-Q (filing date: 2014-06-03).

1 Q2 2021 Calculation
Debt to assets = Total debt ÷ Total assets
= 4,089,001 ÷ 25,847,433 = 0.16

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.’s debt to assets ratio deteriorated from Q4 2020 to Q1 2021 but then slightly improved from Q1 2021 to Q2 2021.

Debt to Assets (including Operating Lease Liability)

Dollar General Corp., debt to assets (including operating lease liability) calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Feb 3, 2017 Oct 28, 2016 Jul 29, 2016 Apr 29, 2016 Jan 29, 2016 Oct 30, 2015 Jul 31, 2015 May 1, 2015 Jan 30, 2015 Oct 31, 2014 Aug 1, 2014 May 2, 2014
Selected Financial Data (US$ in thousands)
Current portion of long-term obligations —  580  555  555  555  555  1,950  1,929  1,909  1,889  401,345  401,532  401,402  401,188  500,950  501,480  501,548  1,526  1,379  1,358  101,335  101,309  101,158  101,041  101,013  100,989 
Long-term obligations, excluding current portion 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  2,710,576  2,673,210  2,556,464  2,989,663  2,969,175  3,105,332  2,761,794  2,614,005  2,639,427  2,666,022  2,881,217  3,006,404 
Total debt 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  3,211,526  3,174,690  3,058,012  2,991,189  2,970,554  3,106,690  2,863,129  2,715,314  2,740,585  2,767,063  2,982,230  3,107,393 
Current portion of operating lease liabilities 1,015,733  991,054  964,805  940,504  915,075  894,469  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Long-term operating lease liabilities, excluding current portion 8,124,884  7,956,759  7,819,683  7,688,923  7,480,871  7,238,945  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Total debt (including operating lease liability) 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  3,211,526  3,174,690  3,058,012  2,991,189  2,970,554  3,106,690  2,863,129  2,715,314  2,740,585  2,767,063  2,982,230  3,107,393 
 
Total assets 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  11,672,298  11,917,076  11,617,370  11,316,384  11,257,885  11,288,293  11,195,195  10,956,550  11,224,104  10,877,372  10,825,794  10,601,884 
Solvency Ratio
Debt to assets (including operating lease liability)1 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 0.28 0.27 0.26 0.26 0.26 0.28 0.26 0.25 0.24 0.25 0.28 0.29
Benchmarks
Debt to Assets (including Operating Lease Liability), Competitors2
Amazon.com Inc. 0.34 0.35 0.35 0.34 0.37 0.37 0.39 0.15 0.17 0.18 0.20 0.19 0.22 0.10 0.11 0.10 0.12 0.13 0.14 0.13 0.17 0.18 0.19
Costco Wholesale Corp. 0.18 0.22 0.16 0.18 0.15 0.15 0.15 0.15 0.16 0.17 0.17 0.17 0.18 0.11 0.14 0.14 0.16 0.15 0.15 0.17 0.18 0.18 0.15 0.15
Home Depot Inc. 0.64 0.71 0.73 0.67 0.66 0.66 0.66 0.57 0.55 0.55 0.61 0.57 0.54 0.51 0.55 0.51 0.47 0.47 0.50 0.47 0.44 0.40 0.43 0.40 0.38 0.35
Lowe’s Cos. Inc. 0.51 0.57 0.60 0.56 0.54 0.51 0.47 0.42 0.43 0.41 0.48 0.44 0.44 0.43 0.46 0.43 0.43 0.41 0.40 0.37 0.35 0.33 0.36 0.33 0.31 0.30
Target Corp. 0.34 0.37 0.32 0.32 0.33 0.36 0.32 0.31 0.33 0.34 0.30 0.31 0.33 0.34 0.34 0.33 0.34 0.36 0.32 0.31 0.32 0.32 0.31 0.28 0.29 0.29
TJX Cos. Inc. 0.59 0.65 0.47 0.47 0.50 0.50 0.16 0.15 0.16 0.16 0.16 0.16 0.17 0.17 0.17 0.17 0.14 0.14 0.14 0.14 0.14 0.14 0.15 0.14 0.15 0.12
Walmart Inc. 0.29 0.32 0.31 0.32 0.32 0.32 0.26 0.27 0.26 0.23 0.23 0.24 0.24 0.23 0.23 0.24 0.24 0.25 0.25 0.26 0.25 0.25 0.25 0.27 0.27 0.27

Based on: 10-Q (filing date: 2020-08-27), 10-Q (filing date: 2020-05-28), 10-K (filing date: 2020-03-19), 10-Q (filing date: 2019-12-05), 10-Q (filing date: 2019-08-29), 10-Q (filing date: 2019-05-30), 10-K (filing date: 2019-03-22), 10-Q (filing date: 2018-12-04), 10-Q (filing date: 2018-08-30), 10-Q (filing date: 2018-05-31), 10-K (filing date: 2018-03-23), 10-Q (filing date: 2017-12-07), 10-Q (filing date: 2017-08-31), 10-Q (filing date: 2017-06-01), 10-K (filing date: 2017-03-24), 10-Q (filing date: 2016-12-01), 10-Q (filing date: 2016-08-25), 10-Q (filing date: 2016-05-26), 10-K (filing date: 2016-03-22), 10-Q (filing date: 2015-12-03), 10-Q (filing date: 2015-08-27), 10-Q (filing date: 2015-06-02), 10-K (filing date: 2015-03-20), 10-Q (filing date: 2014-12-04), 10-Q (filing date: 2014-08-28), 10-Q (filing date: 2014-06-03).

1 Q2 2021 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 13,229,618 ÷ 25,847,433 = 0.51

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.’s debt to assets ratio (including operating lease liability) deteriorated from Q4 2020 to Q1 2021 but then improved from Q1 2021 to Q2 2021 exceeding Q4 2020 level.

Financial Leverage

Dollar General Corp., financial leverage calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Feb 3, 2017 Oct 28, 2016 Jul 29, 2016 Apr 29, 2016 Jan 29, 2016 Oct 30, 2015 Jul 31, 2015 May 1, 2015 Jan 30, 2015 Oct 31, 2014 Aug 1, 2014 May 2, 2014
Selected Financial Data (US$ in thousands)
Total assets 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  11,672,298  11,917,076  11,617,370  11,316,384  11,257,885  11,288,293  11,195,195  10,956,550  11,224,104  10,877,372  10,825,794  10,601,884 
Shareholders’ equity 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  5,406,294  5,361,852  5,413,361  5,388,383  5,377,876  5,343,593  5,418,934  5,385,858  5,710,038  5,343,637  5,095,993  4,832,227 
Solvency Ratio
Financial leverage1 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 2.16 2.22 2.15 2.10 2.09 2.11 2.07 2.03 1.97 2.04 2.12 2.19
Benchmarks
Financial Leverage, Competitors2
Amazon.com Inc. 3.41 3.50 3.39 3.63 3.52 3.61 3.68 3.73 3.67 3.83 4.02 4.74 4.67 3.78 3.74 4.32 3.99 3.93 4.14 4.89 4.52 4.46 4.61
Costco Wholesale Corp. 3.04 3.08 2.94 3.24 2.98 3.02 3.09 3.33 3.19 3.26 3.29 3.55 3.37 3.60 2.86 3.05 2.75 2.94 2.94 3.27 3.15 3.16 3.29 2.80
Home Depot Inc. 34.24 23.01 27.65 30.63 17.70 12.93 11.34 9.92 7.92 6.65 7.04 6.74 5.79 5.07 4.62 4.29 4.11 3.79 3.51
Lowe’s Cos. Inc. 11.88 26.71 20.02 16.18 15.41 13.36 9.47 6.81 6.42 6.66 6.01 6.41 6.62 6.80 5.35 5.36 5.28 5.15 4.08 4.02 3.77 3.63 3.19 3.17 2.95 2.98
Target Corp. 3.82 4.01 3.62 3.79 3.51 3.65 3.65 3.93 3.58 3.49 3.33 3.66 3.37 3.38 3.42 3.49 3.22 3.18 3.11 3.15 2.90 2.85 2.96 2.84 2.71 2.67
TJX Cos. Inc. 5.70 5.36 4.06 4.38 4.31 4.38 2.84 2.86 2.70 2.66 2.73 2.99 2.85 2.80 2.86 2.97 2.62 2.58 2.67 2.76 2.65 2.65 2.61 2.65 2.56 2.43
Walmart Inc. 3.15 3.41 3.17 3.35 3.34 3.44 3.02 3.15 2.89 2.71 2.63 2.75 2.64 2.71 2.56 2.66 2.59 2.64 2.48 2.58 2.52 2.62 2.50 2.63 2.62 2.77

Based on: 10-Q (filing date: 2020-08-27), 10-Q (filing date: 2020-05-28), 10-K (filing date: 2020-03-19), 10-Q (filing date: 2019-12-05), 10-Q (filing date: 2019-08-29), 10-Q (filing date: 2019-05-30), 10-K (filing date: 2019-03-22), 10-Q (filing date: 2018-12-04), 10-Q (filing date: 2018-08-30), 10-Q (filing date: 2018-05-31), 10-K (filing date: 2018-03-23), 10-Q (filing date: 2017-12-07), 10-Q (filing date: 2017-08-31), 10-Q (filing date: 2017-06-01), 10-K (filing date: 2017-03-24), 10-Q (filing date: 2016-12-01), 10-Q (filing date: 2016-08-25), 10-Q (filing date: 2016-05-26), 10-K (filing date: 2016-03-22), 10-Q (filing date: 2015-12-03), 10-Q (filing date: 2015-08-27), 10-Q (filing date: 2015-06-02), 10-K (filing date: 2015-03-20), 10-Q (filing date: 2014-12-04), 10-Q (filing date: 2014-08-28), 10-Q (filing date: 2014-06-03).

1 Q2 2021 Calculation
Financial leverage = Total assets ÷ Shareholders’ equity
= 25,847,433 ÷ 7,356,071 = 3.51

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.’s financial leverage ratio increased from Q4 2020 to Q1 2021 and from Q1 2021 to Q2 2021.

Interest Coverage

Dollar General Corp., interest coverage calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Feb 3, 2017 Oct 28, 2016 Jul 29, 2016 Apr 29, 2016 Jan 29, 2016 Oct 30, 2015 Jul 31, 2015 May 1, 2015 Jan 30, 2015 Oct 31, 2014 Aug 1, 2014 May 2, 2014
Selected Financial Data (US$ in thousands)
Net income 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  414,176  235,315  306,518  295,124  376,175  253,321  282,349  253,235  355,371  236,316  251,260  222,398 
Add: Income tax expense 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  240,931  133,799  178,227  161,538  212,979  148,818  172,764  153,383  189,813  135,992  154,668  135,043 
Add: Interest expense 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  25,511  23,877  24,352  24,081  23,275  21,394  20,699  21,576  21,532  21,835  22,598  22,267 
Earnings before interest and tax (EBIT) 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  680,618  392,991  509,097  480,743  612,429  423,533  475,812  428,194  566,716  394,143  428,526  379,708 
Solvency Ratio
Interest coverage1 26.09 25.27 22.89 22.18 21.62 21.16 21.18 21.19 21.07 20.91 20.66 20.98 20.76 20.79 21.09 20.87 21.76 22.28 22.31 22.23 21.78 20.76 20.05
Benchmarks
Interest Coverage, Competitors2
Amazon.com Inc. 13.12 10.78 8.85 9.73 9.66 10.39 10.46 8.95 8.15 6.41 5.59 5.48 5.81 7.12 8.43 8.84 8.67 8.18 6.47 4.37
Costco Wholesale Corp. 34.54 33.40 33.57 33.16 32.77 31.86 31.13 29.11 28.94 27.90 30.09 30.08 31.14 32.68 29.46 29.71 28.21 27.82 27.36 28.38 30.06
Home Depot Inc. 13.08 12.61 13.25 13.68 14.26 14.67 14.85 14.69 14.23 13.91 13.96 14.00 13.96 13.99 13.85 13.51 13.15 12.86 12.99 13.14 13.20 13.19 13.02
Target Corp. 10.51 8.47 9.78 9.86 9.42 9.09 8.97 8.60 6.75 6.50 6.47 6.70 8.38 6.60 4.95 5.69 5.46 6.56 9.11 8.18 8.29 5.27 5.14
Walmart Inc. 10.50 9.08 8.74 8.69 8.11 6.54 5.88 4.96 5.11 6.87 7.49 8.49 9.09 9.60 9.66 9.92 10.33 10.39 9.49 9.79 9.62 9.86 11.08

Based on: 10-Q (filing date: 2020-08-27), 10-Q (filing date: 2020-05-28), 10-K (filing date: 2020-03-19), 10-Q (filing date: 2019-12-05), 10-Q (filing date: 2019-08-29), 10-Q (filing date: 2019-05-30), 10-K (filing date: 2019-03-22), 10-Q (filing date: 2018-12-04), 10-Q (filing date: 2018-08-30), 10-Q (filing date: 2018-05-31), 10-K (filing date: 2018-03-23), 10-Q (filing date: 2017-12-07), 10-Q (filing date: 2017-08-31), 10-Q (filing date: 2017-06-01), 10-K (filing date: 2017-03-24), 10-Q (filing date: 2016-12-01), 10-Q (filing date: 2016-08-25), 10-Q (filing date: 2016-05-26), 10-K (filing date: 2016-03-22), 10-Q (filing date: 2015-12-03), 10-Q (filing date: 2015-08-27), 10-Q (filing date: 2015-06-02), 10-K (filing date: 2015-03-20), 10-Q (filing date: 2014-12-04), 10-Q (filing date: 2014-08-28), 10-Q (filing date: 2014-06-03).

1 Q2 2021 Calculation
Interest coverage = (EBITQ2 2021 + EBITQ1 2021 + EBITQ4 2020 + EBITQ3 2020) ÷ (Interest expenseQ2 2021 + Interest expenseQ1 2021 + Interest expenseQ4 2020 + Interest expenseQ3 2020)
= (1,042,627 + 866,784 + 720,875 + 491,417) ÷ (39,326 + 30,493 + 25,567 + 24,264) = 26.09

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.’s interest coverage ratio improved from Q4 2020 to Q1 2021 and from Q1 2021 to Q2 2021.