Walt Disney Company (DIS)
Cash ratio
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 6,002,000 | 5,954,000 | 6,635,000 | 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 |
| 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 | 34,599,000 | 35,612,000 | 32,874,000 | 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 |
| Cash ratio | 0.17 | 0.17 | 0.20 | 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 |
September 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($6,002,000K
+ $—K)
÷ $34,599,000K
= 0.17
The cash ratio of Walt Disney Company has shown some fluctuations over the past few quarters. The cash ratio measures the company's ability to cover its short-term liabilities with cash and cash equivalents.
The cash ratio stood at 0.17 as of September 30, 2024, indicating that for every $1 of current liabilities, Walt Disney had $0.17 in cash and cash equivalents. This ratio remained constant compared to the previous quarter.
Looking back, the cash ratio was higher in the past, reaching 0.86 as of December 31, 2019. However, the ratio has been fluctuating since then, with a downward trend in recent quarters.
Despite the fluctuations, a cash ratio above 1 is generally considered healthy, as it suggests the company has enough cash to cover its short-term obligations. Walt Disney's cash ratio has been below 1 in all the reported quarters, indicating that the company may need to rely on other sources of liquidity to meet its short-term obligations.
It is important for investors and analysts to monitor this ratio over time to assess Walt Disney's liquidity position and its ability to weather unforeseen financial challenges.
Peer comparison
Sep 30, 2024