Cigna Corp (CI)
Cash 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 and cash equivalents | US$ in thousands | 7,550,000 | 5,888,000 | 6,788,000 | 8,439,000 | 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 |
| Short-term investments | US$ in thousands | 665,000 | 864,000 | 1,068,000 | 1,108,000 | 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 |
| Total current liabilities | US$ in thousands | — | 57,060,000 | 55,373,000 | 51,977,000 | 48,716,000 | 47,059,000 | 47,345,000 | 44,727,000 | 10,768,000 | 27,034,000 | 25,971,000 | 24,040,000 | 9,200,000 | 23,067,000 | 21,649,000 | 19,806,000 | 22,199,000 | 24,315,000 | 22,019,000 | 77,543,000 |
| Cash ratio | — | 0.12 | 0.14 | 0.18 | 0.18 | 0.20 | 0.22 | 0.20 | 0.63 | 0.29 | 0.20 | 0.21 | 0.65 | 0.21 | 0.24 | 0.40 | 0.52 | 0.27 | 0.38 | 0.07 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($7,550,000K
+ $665,000K)
÷ $—K
= —
The cash ratio of Cigna Corp provides insight into the company's ability to cover its short-term obligations using its cash and cash equivalents. From the provided data:
- The cash ratio fluctuated over the period, starting at a low of 0.07 on March 31, 2020, and reaching its peak at 0.65 on December 31, 2021.
- Generally, a higher cash ratio indicates a stronger ability to cover short-term liabilities with cash on hand.
- Cigna Corp's cash ratio displayed variability, with noticeable decreases and increases throughout the timeline.
It is important to note that the absence of a value for December 31, 2024, signifies missing data. Keeping track of the cash ratio over time can help assess Cigna Corp's liquidity and ability to meet its short-term financial obligations effectively. Further analysis may be necessary to understand the reasons behind the fluctuations and to identify any underlying trends impacting the company's cash position.
Peer comparison
Dec 31, 2024