McKesson Corporation (MCK)
Quick ratio
| Mar 31, 2025 | Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 5,691,000 | 1,131,000 | 2,509,000 | 2,304,000 | 4,585,000 | 1,982,000 | 2,524,000 | 2,636,000 | 4,678,000 | 2,774,000 | 2,916,000 | 2,233,000 | 3,532,000 | 2,754,000 | 2,151,000 | 2,423,000 | 6,278,000 | 3,577,000 | 3,091,000 | 2,613,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | 31,000 | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 25,643,000 | 25,831,000 | 25,270,000 | 23,743,000 | 21,622,000 | 23,066,000 | 22,494,000 | 21,860,000 | 19,410,000 | 20,537,000 | 20,109,000 | 19,900,000 | 18,583,000 | 18,355,000 | 20,140,000 | 20,198,000 | 19,181,000 | 18,877,000 | 19,285,000 | 17,768,000 |
| Total current liabilities | US$ in thousands | 61,604,000 | 58,562,000 | 58,771,000 | 56,434,000 | 52,357,000 | 51,661,000 | 51,147,000 | 48,422,000 | 47,957,000 | 48,006,000 | 48,357,000 | 47,201,000 | 48,466,000 | 47,452,000 | 46,075,000 | 43,835,000 | 44,103,000 | 41,930,000 | 42,724,000 | 38,600,000 |
| Quick ratio | 0.51 | 0.46 | 0.47 | 0.46 | 0.50 | 0.48 | 0.49 | 0.51 | 0.50 | 0.49 | 0.48 | 0.47 | 0.46 | 0.44 | 0.48 | 0.52 | 0.58 | 0.54 | 0.52 | 0.53 |
March 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($5,691,000K
+ $—K
+ $25,643,000K)
÷ $61,604,000K
= 0.51
The quick ratio, also known as the acid-test ratio, measures a company's ability to meet its short-term obligations with its most liquid assets. For McKesson Corporation, the quick ratio has fluctuated over the years based on the provided data.
The quick ratio for McKesson Corporation was relatively low at around 0.5 in the recent years, indicating that the company may have limited current assets readily available to cover its current liabilities. A quick ratio of 0.5 means that for every dollar of current liabilities, McKesson had 50 cents of quick assets to meet those obligations.
While the quick ratio may have fluctuated, it is important to consider the industry norms and compare McKesson's quick ratio to its peers to gain a better understanding of the company's liquidity position. A quick ratio below 1 may indicate that the company relies heavily on inventory or may have challenges meeting its short-term obligations.
It is essential for investors and stakeholders to monitor the trend in the quick ratio over time to assess McKesson's ability to manage its short-term financial obligations and maintain liquidity. Further analysis, in conjunction with other financial metrics, can provide a more comprehensive view of McKesson's overall financial health.
Peer comparison
Mar 31, 2025