Walt Disney Company (DIS)
Quick 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 | 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 | — | — |
| Receivables | US$ in thousands | 12,729,000 | 12,966,000 | 12,026,000 | 14,115,000 | 12,330,000 | 13,112,000 | 12,770,000 | 13,993,000 | 12,652,000 | 13,685,000 | 13,746,000 | 14,882,000 | 13,367,000 | 13,355,000 | 12,533,000 | 14,051,000 | 12,708,000 | 12,622,000 | 14,532,000 | 17,100,000 |
| 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 |
| Quick ratio | 0.54 | 0.53 | 0.57 | 0.69 | 0.85 | 0.87 | 0.83 | 0.83 | 0.83 | 0.87 | 0.91 | 0.98 | 0.94 | 1.22 | 1.23 | 1.32 | 1.30 | 1.27 | 0.81 | 0.69 |
September 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($6,002,000K
+ $—K
+ $12,729,000K)
÷ $34,599,000K
= 0.54
The quick ratio of Walt Disney Company has shown fluctuations over the past years. The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets. A quick ratio above 1 indicates that the company has sufficient liquid assets to cover its current liabilities.
From Dec 2019 to Mar 2020, the quick ratio was below 1, indicating a potential liquidity concern. However, the ratio improved significantly by Dec 2020, reaching 1.32, showing a strong ability to cover short-term obligations. This positive trend continued through Mar 2021.
In the subsequent quarters, the quick ratio fluctuated, with values above 1 until Jun 2022. From Sep 2022 to Mar 2023, the quick ratio remained stable around 0.83 to 0.87. During the following quarters, there was an increase in the quick ratio, reaching 0.98 by Mar 2022 and 1.23 by Jun 2022.
However, from Sep 2022 to Sep 2023, the quick ratio experienced a decline, reaching its lowest point at 0.54 in Sep 2024. This downward trend indicates a potential decrease in the company's ability to cover its short-term obligations with its liquid assets.
Overall, while the quick ratio of Walt Disney Company has exhibited fluctuations, it is essential for investors and stakeholders to monitor this ratio closely to assess the company's short-term liquidity position and financial health.
Peer comparison
Sep 30, 2024