Pfizer Inc (PFE)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 43,333,000 | 74,012,000 | 73,347,000 | 50,078,000 | 51,259,000 | 70,403,000 | 67,466,000 | 54,420,000 | 59,693,000 | 57,900,000 | 48,814,000 | 39,533,000 | 35,067,000 | 47,739,000 | 46,424,000 | 34,738,000 | 32,803,000 | 33,459,000 | 47,073,000 | 45,290,000 |
| Total current liabilities | US$ in thousands | 47,794,000 | 31,136,000 | 34,647,000 | 36,562,000 | 42,138,000 | 44,314,000 | 47,410,000 | 39,268,000 | 42,671,000 | 41,803,000 | 35,664,000 | 26,652,000 | 25,920,000 | 34,154,000 | 32,723,000 | 33,890,000 | 37,304,000 | 36,974,000 | 32,030,000 | 29,423,000 |
| Current ratio | 0.91 | 2.38 | 2.12 | 1.37 | 1.22 | 1.59 | 1.42 | 1.39 | 1.40 | 1.39 | 1.37 | 1.48 | 1.35 | 1.40 | 1.42 | 1.03 | 0.88 | 0.90 | 1.47 | 1.54 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $43,333,000K ÷ $47,794,000K
= 0.91
The current ratio for Pfizer Inc. has exhibited variability over the past eight quarters. In Q4 2023, the current ratio stands at 0.91, indicating that the company may have difficulties meeting its short-term liabilities with current assets alone. This marks a significant drop from the previous quarter's current ratio of 2.38, representing a potential liquidity concern.
The current ratio had shown improvement in Q2 and Q3 2023 compared to the previous quarters, reaching values of 2.12 and 1.37, respectively. These ratios were above the commonly desired benchmark of 1, suggesting a strong ability to cover short-term obligations with current assets.
In comparison to the current ratio in Q4 2022, which was 1.22, the recent decline may raise questions about Pfizer Inc.'s liquidity position. It is worth noting that the current ratio fluctuated between 1.39 and 1.59 during the first two quarters of 2022 before trending downwards.
Overall, the current ratio trend for Pfizer Inc. indicates some volatility, with recent quarters showing both improvements and declines in liquidity position. Further analysis in conjunction with other financial metrics would be recommended to gain a comprehensive understanding of the company's financial health.
Peer comparison
Dec 31, 2023