Cencora Inc. (COR)
Cash ratio
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 3,132,650 | 3,306,200 | 2,068,860 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 54,277,100 | 52,973,900 | 49,761,800 | 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 |
| Cash ratio | 0.06 | 0.06 | 0.04 | 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 |
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 shown some fluctuation over the periods provided. The cash ratio is a liquidity ratio that measures a company's ability to cover its short-term liabilities with its cash and cash equivalents.
Looking at the trend, the cash ratio has generally been within the range of 0.03 to 0.08, indicating that the company has maintained a moderate level of liquidity over the period. However, there are a few outliers where the cash ratio spiked significantly, such as in March 2021 and March 2020, reaching 0.20 and 0.14 respectively.
Overall, a cash ratio above 0.05 is considered healthy as it implies that the company has enough cash to cover its short-term obligations. Cencora Inc. seems to have managed its liquidity position well during the periods analyzed, with the company having a decent level of cash reserves compared to its current liabilities.
Peer comparison
Sep 30, 2024