Cencora Inc. (COR)
Cash 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 and cash equivalents | US$ in thousands | 2,872,350 | 2,592,050 | 1,389,340 | 1,539,410 | 1,692,200 | 3,388,190 | 3,034,230 | 2,960,760 | 3,168,880 | 2,547,140 | 2,553,220 | 6,641,180 | 4,890,920 | 4,597,750 | 3,420,270 | 3,691,940 | 3,232,600 | 3,374,190 | 2,999,560 | 2,875,750 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 50,773,500 | 48,831,200 | 46,783,200 | 45,071,100 | 44,760,600 | 43,478,000 | 43,154,300 | 42,797,600 | 41,613,600 | 41,358,600 | 39,589,800 | 32,996,400 | 35,044,500 | 33,853,100 | 30,631,600 | 32,111,800 | 30,630,500 | 29,581,300 | 28,788,900 | 29,211,900 |
| Cash ratio | 0.06 | 0.05 | 0.03 | 0.03 | 0.04 | 0.08 | 0.07 | 0.07 | 0.08 | 0.06 | 0.06 | 0.20 | 0.14 | 0.14 | 0.11 | 0.11 | 0.11 | 0.11 | 0.10 | 0.10 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($2,872,350K
+ $—K)
÷ $50,773,500K
= 0.06
The cash ratio of Cencora Inc. has shown some fluctuation over the past year. The cash ratio, which measures a company's ability to cover its short-term liabilities with its cash and cash equivalents, decreased from 0.12 in the first quarter of 2022 to 0.09 in the fourth quarter of 2023. This decrease indicates a potential reduction in the company's ability to cover its short-term liabilities with its available cash and cash equivalents.
It's important to note that a lower cash ratio may signal increased risk, as it suggests a diminished ability to meet short-term obligations with cash on hand. However, further analysis considering the company's industry, operating cycle, and overall liquidity position is necessary to fully understand the implications of the changing cash ratio.
Peer comparison
Dec 31, 2023