Cigna Corp (CI)

Cash ratio

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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Cash and cash equivalents US$ in thousands 7,822,000 8,497,000 9,585,000 7,935,000 5,924,000 7,079,000 4,421,000 4,424,000 5,081,000 3,483,000 3,821,000 6,505,000 10,182,000 5,344,000 7,185,000 4,452,000 4,619,000 4,577,000 3,610,000 4,976,000
Short-term investments US$ in thousands 925,000 1,046,000 872,000 914,000 905,000 783,000 754,000 731,000 920,000 1,374,000 1,305,000 1,477,000 1,331,000 1,324,000 1,190,000 973,000 937,000 1,371,000 1,665,000 1,662,000
Total current liabilities US$ in thousands 48,716,000 47,059,000 47,345,000 44,727,000 41,225,000 41,115,000 45,218,000 43,662,000 43,572,000 36,340,000 34,711,000 33,470,000 36,022,000 43,886,000 42,179,000 40,380,000 40,138,000 34,447,000 31,867,000 32,969,000
Cash ratio 0.18 0.20 0.22 0.20 0.17 0.19 0.11 0.12 0.14 0.13 0.15 0.24 0.32 0.15 0.20 0.13 0.14 0.17 0.17 0.20

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($7,822,000K + $925,000K) ÷ $48,716,000K
= 0.18

The cash ratio of Cigna Group (The) has fluctuated over the past eight quarters, ranging from 0.03 to 0.40. The cash ratio measures a company's ability to cover its short-term liabilities using its available cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations without relying on external sources of financing.

In the most recent quarter, Q4 2023, the cash ratio stood at 0.38, which indicates that Cigna Group has sufficient cash reserves to cover 38% of its current liabilities. This is a positive sign as it suggests a relatively strong liquidity position.

However, it is important to note that the cash ratio dropped from 0.40 in Q3 2023 to 0.38 in Q4 2023. This decrease could be a cause for further analysis to understand the reason behind the decline in the cash ratio and whether it is a trend that needs attention.

Looking at the historical data, the cash ratio has generally been relatively low, with notable peaks in Q3 2023 and Q2 2023. This indicates that Cigna Group might be managing its cash reserves efficiently but may also point to potential risks in meeting short-term obligations during periods of economic uncertainty or unforeseen events.

Overall, monitoring the trend of Cigna Group's cash ratio over time and comparing it to industry benchmarks can provide valuable insights into the company's liquidity position and its ability to weather financial challenges in the short term.


Peer comparison

Dec 31, 2023


See also:

Cigna Corp Cash Ratio (Quarterly Data)