Comcast Corp (CMCSA)
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 | 7,322,000 | 8,814,000 | 6,065,000 | 6,515,000 | 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 |
| Short-term investments | US$ in thousands | 21,000 | 101,000 | 146,000 | 330,000 | 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 |
| Receivables | US$ in thousands | 13,661,000 | 14,036,000 | 13,167,000 | 13,144,000 | 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 |
| Total current liabilities | US$ in thousands | 39,581,000 | 37,786,000 | 35,342,000 | 40,324,000 | 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 |
| Quick ratio | 0.53 | 0.61 | 0.55 | 0.50 | 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 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($7,322,000K
+ $21,000K
+ $13,661,000K)
÷ $39,581,000K
= 0.53
The quick ratio, also known as the acid-test ratio, measures a company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 indicates that a company may have difficulty meeting its short-term liabilities.
Analyzing Comcast Corp's quick ratio over the past few years shows some fluctuations. The quick ratio ranged between 0.64 and 0.89 from December 2021 to September 2022, indicating some variability in its ability to cover short-term obligations.
However, from March 2023 to December 2024, the quick ratio declined steadily from 0.55 to 0.53. This downward trend suggests that Comcast Corp may be experiencing challenges in maintaining sufficient liquid assets to cover its short-term liabilities during this period.
It is important for stakeholders to monitor Comcast Corp's quick ratio closely to assess its liquidity position and ability to meet its short-term obligations in the future.
Peer comparison
Dec 31, 2024