Cigna Corp (CI)
Quick 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 | 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 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($7,550,000K
+ $665,000K
+ $—K)
÷ $—K
= —
The quick ratio measures a company's ability to cover its short-term obligations with its most liquid assets. Cigna Corp's quick ratio has fluctuated over the past few years, ranging from a low of 0.07 on March 31, 2020, to a high of 0.65 on December 31, 2021. Generally, a quick ratio above 1 indicates that a company has enough liquid assets to cover its short-term liabilities.
Cigna Corp's quick ratio has shown some volatility, indicating potential fluctuations in its ability to meet short-term obligations. It decreased to 0.14 on June 30, 2024, and further declined to 0.12 on September 30, 2024. Notably, the quick ratio for December 31, 2024, is not available in the data provided.
Overall, the trend in Cigna Corp's quick ratio suggests that the company may have faced challenges in maintaining sufficient short-term liquidity at times, which could affect its financial stability and ability to meet immediate financial obligations.
Peer comparison
Dec 31, 2024