Comcast Corp (CMCSA)

Quick ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash	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
Receivables	US$ in thousands	13,813,000	12,672,000	12,008,000	11,466,000	11,292,000
Total current liabilities	US$ in thousands	40,198,000	27,887,000	29,348,000	28,796,000	30,292,000
Quick ratio		0.51	0.64	0.72	0.82	0.61

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($6,215,000K + $310,000K + $13,813,000K) ÷ $40,198,000K
= 0.51

The quick ratio, also known as the acid-test ratio, measures a company's ability to meet its short-term obligations using its most liquid assets. A higher quick ratio indicates a better ability to cover short-term liabilities.

Looking at the quick ratio trend for Comcast Corp from 2019 to 2023, we observe a fluctuating pattern. The ratio decreased from 0.84 in 2019 to 0.60 in 2023. This decline may indicate a potential weakening of the company's short-term liquidity position.

A quick ratio below 1.0 suggests that Comcast may have difficulty meeting its immediate financial obligations without relying on inventory sales. While this does not necessarily indicate a critical issue, as the nature of the industry and business model can impact liquidity measures, it does warrant further investigation into the company's ability to manage short-term liabilities.

Overall, the declining trend in Comcast's quick ratio raises questions about its short-term liquidity management and may require closer attention from investors and stakeholders to ensure the company's ability to meet its financial obligations in the near future.