Cencora Inc. (COR)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 23,960,000 | 24,096,100 | 22,754,300 | 21,598,200 | 20,988,200 | 20,834,100 | 19,526,400 | 18,712,600 | 18,625,200 | 18,752,100 | 18,246,400 | 17,329,300 | 18,389,000 | 17,949,200 | 14,465,600 | 15,203,900 | 14,334,700 | 13,144,400 | 14,909,700 | 12,568,800 |
| 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 |
| Quick ratio | 0.50 | 0.52 | 0.50 | 0.48 | 0.48 | 0.48 | 0.47 | 0.46 | 0.51 | 0.50 | 0.50 | 0.49 | 0.51 | 0.52 | 0.64 | 0.57 | 0.56 | 0.54 | 0.58 | 0.52 |
September 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($3,132,650K
+ $—K
+ $23,960,000K)
÷ $54,277,100K
= 0.50
The quick ratio of Cencora Inc. has shown some fluctuations over the past few quarters, ranging from 0.46 to 0.64. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
The trend indicates that the company has generally maintained a quick ratio above 0.5, which suggests that it has an acceptable level of liquid assets to cover its current liabilities. This is a positive sign for the company's short-term financial health.
However, the slight fluctuations in the quick ratio may indicate some variability in the company's ability to quickly convert its current assets into cash to meet its short-term obligations. It would be important for Cencora Inc. to continue monitoring and managing its liquidity effectively to ensure it can meet its obligations in a timely manner.
Overall, while the quick ratio of Cencora Inc. has shown some variability, the general trend of having a ratio above 0.5 reflects a solid position in terms of liquidity to cover short-term liabilities.
Peer comparison
Sep 30, 2024