CDW Corp (CDW)
Quick ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 503,500 | 946,700 | 665,300 | 803,800 | 588,700 | 440,700 | 203,900 | 279,400 | 315,200 | 384,600 | 541,600 | 386,900 | 258,100 | 245,100 | 501,200 | 878,600 | 1,410,200 | 1,249,500 | 958,400 | 214,400 |
| Short-term investments | US$ in thousands | 214,200 | 211,700 | — | — | 0 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 5,474,400 | 5,458,600 | 6,208,100 | 5,261,000 | 5,442,000 | 4,782,100 | 4,997,300 | 4,777,900 | 4,947,100 | 5,358,800 | 5,415,600 | 5,464,600 | 5,096,000 | 3,833,200 | 3,770,100 | 3,709,300 | 3,898,300 | 3,836,600 | 3,561,500 | 3,647,200 |
| Quick ratio | 0.13 | 0.21 | 0.11 | 0.15 | 0.11 | 0.09 | 0.04 | 0.06 | 0.06 | 0.07 | 0.10 | 0.07 | 0.05 | 0.06 | 0.13 | 0.24 | 0.36 | 0.33 | 0.27 | 0.06 |
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 shown fluctuating levels over the periods under review. Starting at a low of 0.06 on March 31, 2020, the ratio increased gradually, reaching its peak of 0.36 on December 31, 2020. However, the ratio saw a decline in the next few quarters, dropping to 0.13 on June 30, 2021, then further decreasing to 0.05 by December 31, 2021. The ratio remained low in the subsequent periods, standing at 0.06 on March 31, 2022, and 0.04 on June 30, 2023. Thereafter, there was a slight improvement, with the ratio showing an increase to 0.21 on September 30, 2024. Overall, the quick ratio indicates the company’s ability to meet its short-term obligations with its most liquid assets, highlighting periods of strength and areas that may require attention in managing liquidity risk.
Peer comparison
Dec 31, 2024