Cencora Inc. (COR)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 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 | 12,386,900 | 11,989,000 | 12,222,300 |
| 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 |
| Quick ratio | 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 | 0.53 | 0.52 | 0.52 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($2,872,350K
+ $—K
+ $21,598,200K)
÷ $50,773,500K
= 0.48
The quick ratio of Cencora Inc. has been relatively stable over the past eight quarters, hovering around 0.52 to 0.55. The quick ratio measures the company's ability to meet its short-term liabilities with its most liquid assets, excluding inventory. The consistency of the quick ratio indicates that the company has been maintaining a relatively stable level of liquid assets compared to its current liabilities. This could suggest that Cencora Inc. has been managing its short-term liquidity effectively. However, it's essential to consider industry benchmarks and trends to gain a deeper understanding of the company's liquidity position.
Peer comparison
Dec 31, 2023