Viatris Inc (VTRS)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 734,800 | 991,900 | 1,259,900 | 701,200 | 844,400 |
| Short-term investments | US$ in thousands | 355,100 | 192,500 | 212,600 | 233,800 | 203,500 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 5,779,400 | 7,777,400 | 6,746,200 | 9,884,400 | 10,562,900 |
| Quick ratio | 0.19 | 0.15 | 0.22 | 0.09 | 0.10 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($734,800K
+ $355,100K
+ $—K)
÷ $5,779,400K
= 0.19
The quick ratio of Viatris Inc has exhibited fluctuations over the years. As of December 31, 2020, the quick ratio was at 0.10, indicating that the company had limited liquid assets to cover its current liabilities. The ratio decreased slightly to 0.09 by December 31, 2021, further highlighting potential liquidity challenges.
However, there was a significant improvement in the quick ratio by December 31, 2022, reaching 0.22. This suggests that the company had a better ability to meet its short-term obligations using its liquid assets. Despite this improvement, the quick ratio declined to 0.15 by December 31, 2023, implying a slight decrease in the company's liquidity position.
By December 31, 2024, the quick ratio recovered to 0.19, indicating a moderate improvement in liquidity compared to the previous year. Overall, the fluctuating trend in the quick ratio implies varying levels of liquidity risk for Viatris Inc over the analyzed period.
Peer comparison
Dec 31, 2024