Cencora Inc. (COR)
Cash ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 3,132,650 | 2,592,050 | 3,388,190 | 2,547,140 | 4,597,750 |
| Short-term investments | US$ in thousands | — | — | — | 372,908 | — |
| Total current liabilities | US$ in thousands | 54,277,100 | 48,831,200 | 43,478,000 | 41,358,600 | 33,853,100 |
| Cash ratio | 0.06 | 0.05 | 0.08 | 0.07 | 0.14 |
September 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($3,132,650K
+ $—K)
÷ $54,277,100K
= 0.06
The cash ratio of Cencora Inc. has exhibited some fluctuations over the past five years. It has ranged from a low of 0.05 in September 2023 to a high of 0.14 in September 2020. The cash ratio measures the company's ability to cover its short-term liabilities with its readily available cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet these obligations without relying on external sources of funding.
In the case of Cencora Inc., the trend in the cash ratio shows some variability, which could be attributed to fluctuations in the company's cash holdings relative to its short-term liabilities over the years. It is noteworthy that the cash ratio decreased from 0.14 in September 2020 to 0.06 in September 2024, suggesting a potential decline in the company's liquidity position.
Overall, while the cash ratio provides important insights into the liquidity position of Cencora Inc., it is advisable to consider other liquidity ratios and factors to gain a more comprehensive understanding of the company's financial health and ability to meet its short-term obligations.
Peer comparison
Sep 30, 2024