CDW Corp (CDW)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 503,500 | 588,700 | 315,200 | 258,100 | 1,410,200 |
| Short-term investments | US$ in thousands | 214,200 | 0 | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 5,474,400 | 5,442,000 | 4,947,100 | 5,096,000 | 3,898,300 |
| Quick ratio | 0.13 | 0.11 | 0.06 | 0.05 | 0.36 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($503,500K
+ $214,200K
+ $—K)
÷ $5,474,400K
= 0.13
The quick ratio of CDW Corp has exhibited a declining trend over the past five years, decreasing from 0.36 as of December 31, 2020, to 0.13 as of December 31, 2024. This suggests that the company's ability to meet its short-term obligations with its most liquid assets has weakened over the period under review. A quick ratio below 1 indicates potential liquidity issues, as the company may struggle to cover its current liabilities with its readily available assets. CDW Corp may need to carefully manage its working capital and liquidity position to ensure its ongoing financial stability.
Peer comparison
Dec 31, 2024