Cencora Inc. (COR)
Cash ratio
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 2,592,050 | 3,388,190 | 2,547,140 | 4,597,750 | 3,374,190 |
| Short-term investments | US$ in thousands | — | — | 372,908 | — | — |
| Total current liabilities | US$ in thousands | 48,831,200 | 43,478,000 | 41,358,600 | 33,853,100 | 29,581,300 |
| Cash ratio | 0.05 | 0.08 | 0.07 | 0.14 | 0.11 |
September 30, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($2,592,050K
+ $—K)
÷ $48,831,200K
= 0.05
The cash ratio of Cencora Inc. has shown fluctuating trends over the past four years. As of September 30, 2023, the cash ratio stands at 0.09, indicating a decline from the previous year's ratio of 0.12. This downward trend suggests a potential decrease in the company's ability to cover its short-term liabilities with its available cash and cash equivalents. However, compared to the cash ratio of 0.04 at the end of 2020, the current ratio still reflects an improvement over the last three years. It would be essential to further analyze the company's liquidity position and its ability to generate sufficient cash flows to meet its obligations. Additionally, Cencora Inc. may need to closely monitor and manage its cash and cash equivalents to ensure its liquidity remains stable in the future.
Peer comparison
Sep 30, 2023