CVS Health Corp (CVS)
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 | 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 | 5,683,000 | 5,193,000 | 6,063,000 | 5,896,000 |
| Short-term investments | US$ in thousands | 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 | 2,373,000 | 2,334,000 | 2,462,000 | 2,426,000 |
| Receivables | US$ in thousands | 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 | 21,998,000 | 21,796,000 | 18,926,000 | 20,377,000 |
| 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 |
| Quick ratio | 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 | 0.56 | 0.56 | 0.56 | 0.57 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($8,196,000K
+ $3,259,000K
+ $39,121,000K)
÷ $79,189,000K
= 0.64
The quick ratio of CVS Health Corp has been relatively stable over the past eight quarters, ranging between 0.62 and 0.67. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 suggests that CVS Health Corp may have difficulty meeting its short-term liabilities with its current liquid assets alone.
Although the quick ratio has fluctuated slightly, it has generally remained below 1, indicating some level of liquidity risk. This suggests that CVS Health Corp may need to rely on alternative sources of funding or manage its current assets more efficiently to improve its short-term liquidity position. Overall, monitoring the trend of the quick ratio can provide insights into the company's liquidity management and financial health.
Peer comparison
Dec 31, 2023