CVS Health Corp (CVS)
Quick ratio
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 8,586,000 | 6,875,000 | 12,507,000 | 9,801,000 | 8,196,000 | 13,043,000 | 13,807,000 | 14,618,000 | 12,945,000 | 17,197,000 | 12,116,000 | 8,442,000 | 9,408,000 | 9,826,000 | 7,119,000 | 5,598,000 | 7,854,000 | 9,256,000 | 14,869,000 | 10,081,000 |
| Short-term investments | US$ in thousands | 2,407,000 | 2,805,000 | 3,755,000 | 3,288,000 | 3,259,000 | 3,145,000 | 3,080,000 | 3,102,000 | 2,778,000 | 2,792,000 | 2,877,000 | 2,900,000 | 3,117,000 | 3,015,000 | 3,006,000 | 3,190,000 | 3,000,000 | 2,831,000 | 2,596,000 | 2,632,000 |
| Receivables | US$ in thousands | 44,435,000 | 42,911,000 | 37,019,000 | 35,747,000 | 39,121,000 | 35,530,000 | 32,153,000 | 30,651,000 | 30,725,000 | 28,964,000 | 29,741,000 | 28,981,000 | 27,820,000 | 28,050,000 | 26,410,000 | 26,305,000 | 23,940,000 | 26,987,000 | 25,321,000 | 25,875,000 |
| Total current liabilities | US$ in thousands | 84,609,000 | 84,627,000 | 81,386,000 | 83,319,000 | 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 |
| Quick ratio | 0.66 | 0.62 | 0.65 | 0.59 | 0.64 | 0.63 | 0.62 | 0.64 | 0.67 | 0.68 | 0.65 | 0.58 | 0.59 | 0.63 | 0.62 | 0.58 | 0.56 | 0.63 | 0.67 | 0.65 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($8,586,000K
+ $2,407,000K
+ $44,435,000K)
÷ $84,609,000K
= 0.66
The Quick ratio of CVS Health Corp has varied over the past few years, ranging from a low of 0.56 on December 31, 2020, to a high of 0.68 on September 30, 2022. The ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities without selling inventory or obtaining additional financing. Overall, CVS Health Corp's Quick ratio has generally remained below 1, hovering around the range of 0.58 to 0.68, suggesting that the company may have some liquidity challenges in the short term. However, it is essential to consider this ratio in conjunction with other liquidity measures and overall financial health of the company for a comprehensive evaluation.
Peer comparison
Dec 31, 2024