Cigna Corp (CI)

Current 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
Total current assets	US$ in thousands	—	49,222,000	46,215,000	43,357,000	37,351,000	34,518,000	34,711,000	32,027,000	28,790,000	29,963,000	37,422,000	26,143,000	70,061,000	68,136,000	67,754,000	67,063,000	70,088,000	74,340,000	73,802,000	30,877,000
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
Current ratio		—	0.86	0.83	0.83	0.77	0.73	0.73	0.72	2.67	1.11	1.44	1.09	7.62	2.95	3.13	3.39	3.16	3.06	3.35	0.40

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $—K ÷ $—K
= —

The current ratio of Cigna Corp has shown significant fluctuations over the past few years based on the provided data. The current ratio is a measure of the company's ability to cover its short-term liabilities with its short-term assets. A current ratio above 1 indicates that the company can meet its short-term obligations.

Looking at the data, we can see that the current ratio of Cigna Corp was at a concerning low of 0.40 as of March 31, 2020, which suggests potential liquidity issues. However, the ratio improved substantially to 3.35 by June 30, 2020, signaling a healthier liquidity position. This improvement was sustained through September and December 2020, with ratios of 3.06 and 3.16 respectively.

The current ratio continued to stay above 3 during the first half of 2021, indicating solid short-term liquidity. However, from September 2021 onwards, the ratio started to decline, dropping to 2.95 by the end of September 2021. The ratio then spiked to 7.62 by December 31, 2021, suggesting a significant increase in short-term assets relative to liabilities.

Subsequently, the ratio fell sharply to 1.09 as of March 31, 2022, and further to 0.73 by June 30, 2023, indicating potential liquidity challenges during that period. The ratio remained below 1 until December 31, 2024, hovering around 0.77 to 0.86.

Overall, the current ratio of Cigna Corp has experienced fluctuations, ranging from strong liquidity positions to potential liquidity challenges over the reported periods. It is important for investors and stakeholders to monitor these fluctuations to assess the company's ability to meet its short-term obligations effectively.