Comcast Corp (CMCSA)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 6,215,000 | 4,749,000 | 8,711,000 | 11,740,000 | 5,500,000 |
| Short-term investments | US$ in thousands | 310,000 | 402,000 | 368,000 | 292,000 | 1,709,000 |
| Total current liabilities | US$ in thousands | 40,198,000 | 27,887,000 | 29,348,000 | 28,796,000 | 30,292,000 |
| Cash ratio | 0.16 | 0.18 | 0.31 | 0.42 | 0.24 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($6,215,000K
+ $310,000K)
÷ $40,198,000K
= 0.16
The cash ratio for Comcast Corp has exhibited a declining trend over the past five years, decreasing from 0.47 in 2019 to 0.25 in 2023. This indicates a decrease in the company's ability to cover its current liabilities with its cash and cash equivalents. While it is important to note that the cash ratio fluctuated over the period, the overall trend suggests a potential liquidity challenge for the company. Further analysis and consideration of other liquidity and solvency measures would provide a more comprehensive assessment of Comcast Corp's financial position.
Peer comparison
Dec 31, 2023