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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| 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 |
| 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 |
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