Verizon Communications Inc (VZ)
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 | 4,194,000 | 4,987,000 | 2,432,000 | 2,365,000 | 2,065,000 | 4,210,000 | 4,803,000 | 2,234,000 | 2,605,000 | 2,082,000 | 1,857,000 | 1,661,000 | 2,921,000 | 9,936,000 | 4,657,000 | 10,205,000 | 22,171,000 | 8,983,000 | 7,882,000 | 7,047,000 |
| Short-term investments | US$ in thousands | — | — | 15,000 | 19,000 | -261,000 | 32,000 | 41,000 | 59,000 | 37,000 | 32,000 | 19,000 | — | — | 1,100,000 | 560,000 | 555,000 | 589,000 | 535,000 | — | — |
| Receivables | US$ in thousands | 27,309,000 | 26,794,000 | 26,356,000 | 26,086,000 | 25,996,000 | 23,602,000 | 23,186,000 | 22,856,000 | 24,506,000 | 23,670,000 | 36,902,000 | 23,615,000 | 23,846,000 | 22,195,000 | 21,257,000 | 22,507,000 | 23,917,000 | 22,617,000 | 22,672,000 | 23,797,000 |
| Total current liabilities | US$ in thousands | 64,771,000 | 61,816,000 | 60,806,000 | 53,631,000 | 53,223,000 | 55,677,000 | 51,404,000 | 47,768,000 | 50,171,000 | 53,141,000 | 49,224,000 | 46,585,000 | 47,160,000 | 41,358,000 | 40,078,000 | 38,730,000 | 39,660,000 | 36,185,000 | 38,886,000 | 41,057,000 |
| Quick ratio | 0.49 | 0.51 | 0.47 | 0.53 | 0.52 | 0.50 | 0.55 | 0.53 | 0.54 | 0.49 | 0.79 | 0.54 | 0.57 | 0.80 | 0.66 | 0.86 | 1.18 | 0.89 | 0.79 | 0.75 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($4,194,000K
+ $—K
+ $27,309,000K)
÷ $64,771,000K
= 0.49
Verizon Communications Inc's quick ratio has fluctuated over the years, indicating varying levels of liquidity. As of December 31, 2024, the quick ratio stands at 0.49, suggesting that the company may have challenges in meeting its short-term obligations with its most liquid assets. It is important for investors and creditors to closely monitor this ratio to assess the company's ability to cover its current liabilities with its quick assets. The decreasing trend in the quick ratio from 2023 to 2024 may raise concerns about Verizon's short-term liquidity position and its ability to manage its financial obligations efficiently. Further analysis and comparison with industry benchmarks may provide valuable insights into the company's financial health.
Peer comparison
Dec 31, 2024