Cigna Corp (CI)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	37,351,000	30,122,000	36,134,000	27,799,000	29,845,000
Total current liabilities	US$ in thousands	48,716,000	41,225,000	43,572,000	36,022,000	40,138,000
Current ratio		0.77	0.73	0.83	0.77	0.74

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $37,351,000K ÷ $48,716,000K
= 0.77

The current ratio of Cigna Group has shown fluctuations over the past five years. It was 1.12 as of December 31, 2023, indicating an improvement compared to the prior year. This suggests that the company's current assets were 1.12 times its current liabilities, signaling a stronger short-term liquidity position.

However, in 2022, the current ratio was 0.77, reflecting a significant decrease from the previous year. This might have raised concerns about the company's ability to meet its short-term obligations using its current assets.

In 2021 and 2020, the current ratio was 0.86 and 0.82, respectively, showing slight improvements in liquidity from the previous year but still below the ideal ratio of 1. This suggests that the company was facing challenges in managing its short-term liabilities using its current assets during those years.

In 2019, the current ratio was 0.79, indicating a slight improvement from 2020 and slight decline from 2021. However, it still remained below the benchmark of 1, indicating potential difficulties in meeting short-term obligations with current assets.

Overall, the trend in Cigna Group's current ratio demonstrates some variability over the years, with fluctuations in liquidity levels. Analyzing this ratio along with other financial indicators would provide a more comprehensive understanding of the company's financial health.