Walt Disney Company (DIS)
Cash 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 and cash equivalents | US$ in thousands | 7,192,000 | 14,182,000 | 11,458,000 | 10,399,000 | 8,470,000 | 11,615,000 | 12,959,000 | 13,272,000 | 14,444,000 | 15,959,000 | 16,070,000 | 15,890,000 | 17,068,000 | 17,914,000 | 23,115,000 | 14,339,000 | 6,833,000 | 5,418,000 | 6,728,000 | 10,108,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | 4,045,000 | 4,309,000 | 4,037,000 | 3,903,000 | 3,611,000 | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 31,033,000 | 31,139,000 | 28,234,000 | 28,056,000 | 27,070,000 | 29,073,000 | 30,704,000 | 29,601,000 | 30,037,000 | 31,077,000 | 27,413,000 | 26,642,000 | 26,546,000 | 26,628,000 | 30,917,000 | 35,473,000 | 34,797,000 | 31,341,000 | 44,593,000 | 44,376,000 |
| Cash ratio | 0.23 | 0.46 | 0.41 | 0.37 | 0.31 | 0.40 | 0.42 | 0.45 | 0.48 | 0.51 | 0.73 | 0.76 | 0.80 | 0.82 | 0.86 | 0.40 | 0.20 | 0.17 | 0.15 | 0.23 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($7,192,000K
+ $—K)
÷ $31,033,000K
= 0.23
The cash ratio for Walt Disney Company has shown fluctuations over the past five years. The ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents.
In the most recent quarter, the cash ratio was 0.23, indicating that for every dollar of current liabilities, the company had $0.23 in cash and cash equivalents available. This suggests a lower liquidity position compared to the previous quarter, where the cash ratio was 0.46.
Looking back over the past five years, there have been periods of higher and lower cash ratios. The highest cash ratio was observed in the second quarter of 2021 at 0.86, indicating strong liquidity levels at that time. On the other hand, the lowest cash ratio was seen in the first quarter of 2019 at 0.15, highlighting a weaker liquidity position at that point.
Overall, the trend in the cash ratio for Walt Disney Company has been somewhat volatile, with fluctuations indicating changes in the company's ability to cover its short-term obligations with cash on hand. It is essential for investors and stakeholders to monitor these ratios to assess the company's liquidity and financial health.
Peer comparison
Dec 31, 2023