Comcast Corp (CMCSA)

Quick 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	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
Receivables	US$ in thousands	13,813,000	12,835,000	12,980,000	12,287,000	12,672,000	11,918,000	11,956,000	12,300,000	12,008,000	11,974,000	11,110,000	10,986,000	11,466,000	10,310,000	10,227,000	10,800,000	11,292,000	10,684,000	10,835,000	10,736,000
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
Quick ratio		0.51	0.57	0.62	0.55	0.64	0.67	0.72	0.72	0.72	0.89	0.80	0.84	0.82	0.82	0.85	0.76	0.61	0.61	0.53	0.51

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 quick ratio of 1 or higher is generally preferred, as it indicates that the company can fully cover its current liabilities with its most liquid assets.

Based on the provided data for Comcast Corp, the quick ratio has fluctuated over the past eight quarters, ranging from 0.60 to 0.88. In general, the trend shows a gradual decline in the quick ratio from 0.88 in March 2022 to 0.60 in December 2023. This downward trend may indicate a potential weakening of the company's ability to meet its short-term obligations with its readily available assets.

A quick ratio below 1 could suggest that Comcast Corp may have difficulty meeting its short-term obligations using only its most liquid assets. It could also indicate excessive current liabilities relative to its liquid assets. Therefore, it is important for stakeholders and investors to monitor Comcast's liquidity position and assess the company's ability to manage its short-term financial commitments effectively.