Cigna Corp (CI)

Current 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
Total current assets	US$ in thousands	37,351,000	34,518,000	34,711,000	32,027,000	30,122,000	30,170,000	37,422,000	35,393,000	36,134,000	25,487,000	25,011,000	25,554,000	27,799,000	34,557,000	34,880,000	30,877,000	29,845,000	21,168,000	20,709,000	21,136,000
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
Current ratio		0.77	0.73	0.73	0.72	0.73	0.73	0.83	0.81	0.83	0.70	0.72	0.76	0.77	0.79	0.83	0.76	0.74	0.61	0.65	0.64

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 (The) has fluctuated over the past eight quarters. In Q4 2023, the current ratio stood at 1.12, representing a healthy level of current assets to cover current liabilities. This was a positive improvement compared to the previous quarter's ratio of 1.21. However, the current ratio in Q2 and Q1 2023 was lower, at 0.86, indicating a potential liquidity concern as current assets were insufficient to cover current liabilities.

Looking back further, the current ratio has shown some variability. In Q4 2022, the ratio improved to 0.77, which was significantly lower than the Q3 2022 ratio of 0.87. The subsequent quarters, Q2 and Q1 2022, saw an increase in the current ratio to 0.94, reflecting a better ability to meet short-term obligations.

Overall, while the current ratio has exhibited fluctuations over the quarters, there seems to be a recent improvement in liquidity position. However, it is essential for Cigna Group (The) to maintain a healthy current ratio above 1 to ensure the company can cover its short-term liabilities efficiently.