Cigna Corp (CI)

Quick ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash	US$ in thousands	7,550,000	7,822,000	5,924,000	5,081,000	10,182,000
Short-term investments	US$ in thousands	665,000	925,000	905,000	920,000	1,331,000
Receivables	US$ in thousands	—	—	—	—	—
Total current liabilities	US$ in thousands	57,979,000	48,716,000	10,768,000	9,200,000	22,199,000
Quick ratio		0.14	0.18	0.63	0.65	0.52

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($7,550,000K + $665,000K + $—K) ÷ $57,979,000K
= 0.14

The quick ratio of Cigna Corp has displayed fluctuations over the years. As of December 31, 2020, the quick ratio stood at 0.52, indicating that the company had $0.52 in liquid assets available to cover each dollar of current liabilities.

By December 31, 2021, the quick ratio improved to 0.65, suggesting a better liquidity position compared to the previous year. This signifies Cigna's ability to meet its short-term obligations more comfortably.

However, there was a slight dip in the quick ratio to 0.63 by December 31, 2022, which could indicate a minor strain on the company's liquidity position.

The quick ratio took a significant downturn to 0.18 by December 31, 2023, indicating a potential liquidity crunch for Cigna Corp during that period. This significant decline may raise concerns about the company's ability to meet its short-term obligations readily.

By December 31, 2024, the quick ratio dropped further to 0.14, highlighting a continued decline in Cigna's liquidity position. This could signal potential challenges in managing short-term financial obligations efficiently.

Overall, the trend in Cigna Corp's quick ratio reflects varying degrees of liquidity strength over the analyzed period, with notable fluctuations impacting the company's ability to cover immediate liabilities with liquid assets.