Viatris Inc (VTRS)
Quick ratio
| 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 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 734,800 | 1,878,700 | 917,200 | 1,014,600 | 993,600 | 1,309,600 | 629,200 | 506,600 | 1,259,900 | 646,700 | 664,700 | 752,400 | 701,200 | 756,600 | 673,900 | 806,900 | 844,400 | 664,500 | 323,600 | 572,400 |
| Short-term investments | US$ in thousands | 355,100 | 169,000 | 90,800 | 164,100 | 86,300 | 254,900 | 176,800 | 173,500 | 212,600 | 74,300 | 77,200 | 84,600 | 233,800 | 87,700 | 88,100 | 85,400 | 84,900 | 80,000 | 77,600 | 69,500 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 5,779,400 | 7,512,400 | 7,709,200 | 7,759,900 | 7,777,400 | 6,834,000 | 6,523,800 | 6,108,100 | 6,746,200 | 6,521,400 | 7,681,200 | 9,642,900 | 9,884,400 | 10,103,900 | 10,132,600 | 9,978,100 | 10,562,900 | 7,275,400 | 6,971,300 | 5,228,200 |
| Quick ratio | 0.19 | 0.27 | 0.13 | 0.15 | 0.14 | 0.23 | 0.12 | 0.11 | 0.22 | 0.11 | 0.10 | 0.09 | 0.09 | 0.08 | 0.08 | 0.09 | 0.09 | 0.10 | 0.06 | 0.12 |
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 shown fluctuations over the analyzed periods. The ratio stood at 0.12 as of March 31, 2020, indicating that the company had $0.12 of liquid assets available to cover each $1 of current liabilities. Subsequently, the quick ratio decreased to 0.06 by June 30, 2020, suggesting a significant decline in the company's ability to meet short-term obligations with its most liquid assets.
Despite some fluctuations, the quick ratio improved to 0.27 as of September 30, 2024, which indicates a more favorable position in terms of liquidity compared to the earlier periods. Overall, the quick ratio fluctuated between 0.06 and 0.27 during the analysis period, reflecting variations in Viatris Inc's ability to meet its short-term obligations using its quick assets. It is essential for stakeholders to monitor the trend of the quick ratio to assess the company's liquidity position effectively.
Peer comparison
Dec 31, 2024