Walt Disney Company (DIS)

Cash ratio

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Cash and cash equivalents	US$ in thousands	14,182,000	11,615,000	15,959,000	17,914,000	5,418,000
Short-term investments	US$ in thousands	—	—	—	3,903,000	—
Total current liabilities	US$ in thousands	31,139,000	29,073,000	31,077,000	26,628,000	31,341,000
Cash ratio		0.46	0.40	0.51	0.82	0.17

September 30, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($14,182,000K + $—K) ÷ $31,139,000K
= 0.46

The cash ratio of Walt Disney Co (The) has fluctuated over the past five years, indicating varying levels of liquidity. As of September 30, 2023, the cash ratio stands at 0.59, showing that the company has $0.59 of cash and cash equivalents for every $1 of current liabilities. This represents a slight increase from the previous year's ratio of 0.51. In comparison to the ratios from the preceding years, the current ratio is lower than the 2020 and 2021 figures but higher than the ratio from 2019. The trend suggests that the company may have experienced some fluctuations in its ability to cover short-term obligations with its cash reserves. This indicates that while the company has maintained relatively strong liquidity, there have been shifts in the proportion of cash to current liabilities over the years, signaling potential changes in the company's cash management and short-term financial position.