CVS Health Corp (CVS)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 67,858,000 | 70,143,000 | 67,756,000 | 68,706,000 | 65,633,000 | 68,341,000 | 62,142,000 | 61,483,000 | 60,008,000 | 60,842,000 | 56,559,000 | 55,719,000 | 56,369,000 | 59,211,000 | 62,506,000 | 58,958,000 | 50,302,000 | 48,185,000 | 46,901,000 | 47,857,000 |
| Total current liabilities | US$ in thousands | 79,189,000 | 81,553,000 | 79,206,000 | 75,054,000 | 69,421,000 | 72,409,000 | 68,457,000 | 69,780,000 | 67,807,000 | 64,709,000 | 59,311,000 | 60,104,000 | 62,017,000 | 62,044,000 | 63,694,000 | 59,560,000 | 53,303,000 | 52,544,000 | 49,376,000 | 50,631,000 |
| Current ratio | 0.86 | 0.86 | 0.86 | 0.92 | 0.95 | 0.94 | 0.91 | 0.88 | 0.88 | 0.94 | 0.95 | 0.93 | 0.91 | 0.95 | 0.98 | 0.99 | 0.94 | 0.92 | 0.95 | 0.95 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $67,858,000K ÷ $79,189,000K
= 0.86
The current ratio of CVS Health Corp has been relatively stable over the last eight quarters, ranging from 0.86 to 0.94. A current ratio below 1 indicates that CVS Health Corp may have more short-term liabilities than assets readily available to cover those obligations. This could potentially indicate a liquidity risk for the company if it faces difficulties meeting its short-term financial obligations.
While the current ratio has shown some fluctuations between quarters, it has generally remained below the ideal value of 1, suggesting that CVS Health Corp may have some challenges in managing its short-term liquidity effectively. Investors and analysts should monitor this ratio closely to assess the company's ability to meet its short-term financial commitments in the future.
Peer comparison
Dec 31, 2023