Comcast Corp (CMCSA)
Cash 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 6,215,000 | 6,435,000 | 7,146,000 | 5,535,000 | 4,749,000 | 5,695,000 | 6,822,000 | 8,880,000 | 8,711,000 | 11,806,000 | 12,378,000 | 14,950,000 | 11,740,000 | 13,707,000 | 13,935,000 | 8,516,000 | 5,500,000 | 3,507,000 | 3,919,000 | 3,498,000 |
| Short-term investments | US$ in thousands | 310,000 | 321,000 | 247,000 | 98,000 | 402,000 | 1,122,000 | 1,124,000 | 306,000 | 368,000 | 123,000 | 39,000 | 83,000 | 292,000 | 78,000 | 47,000 | 1,703,000 | 1,709,000 | 1,710,000 | 1,718,000 | 86,000 |
| Total current liabilities | US$ in thousands | 40,198,000 | 34,468,000 | 32,925,000 | 32,415,000 | 27,887,000 | 27,999,000 | 27,585,000 | 29,657,000 | 29,348,000 | 26,738,000 | 29,314,000 | 30,811,000 | 28,796,000 | 29,511,000 | 28,445,000 | 27,600,000 | 30,292,000 | 25,989,000 | 31,008,000 | 27,917,000 |
| Cash ratio | 0.16 | 0.20 | 0.22 | 0.17 | 0.18 | 0.24 | 0.29 | 0.31 | 0.31 | 0.45 | 0.42 | 0.49 | 0.42 | 0.47 | 0.49 | 0.37 | 0.24 | 0.20 | 0.18 | 0.13 |
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 measures a company's ability to cover its short-term liabilities using its cash and cash equivalents. For Comcast Corp, the cash ratio has shown some fluctuation over the past eight quarters. The ratio was 0.25 as of December 31, 2023, indicating that the company had $0.25 in cash and cash equivalents for every $1 of current liabilities. This was a decrease from the previous quarter's ratio of 0.33.
The trend over the past year shows some variability, with the ratio reaching a high of 0.44 in the second and third quarters of 2022 before declining in the latter half of 2023. While a lower cash ratio may signal a potential liquidity risk, it's important to consider the industry standards and the company's specific operating and capital expenditure requirements. It would be advisable to monitor this ratio in conjunction with other liquidity and solvency measures to gain a comprehensive understanding of Comcast's short-term financial health.
Peer comparison
Dec 31, 2023