Verizon Communications Inc (VZ)

Quick 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
Cash	US$ in thousands	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	2,594,000	3,020,000	1,949,000	2,322,000
Short-term investments	US$ in thousands	—	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	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	25,429,000	24,713,000	24,926,000	24,469,000
Total current liabilities	US$ in thousands	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	44,868,000	39,209,000	38,214,000	38,607,000
Quick ratio		0.53	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	0.62	0.71	0.70	0.69

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($2,065,000K + $—K + $25,996,000K) ÷ $53,223,000K
= 0.53

Verizon Communications Inc's quick ratio has been relatively stable over the past eight quarters, ranging from a low of 0.63 to a high of 0.70. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets, excluding inventory.

With quick ratios consistently below 1.0, it indicates that Verizon may have difficulty meeting its short-term obligations solely with its quick assets. However, the quick ratio has remained fairly consistent around the 0.65 to 0.70 range over the given period, suggesting a relatively stable liquidity position.

It is important for investors and stakeholders to monitor Verizon's ability to maintain a healthy quick ratio to ensure the company's short-term financial health. A sustained increase or decrease in the quick ratio over time could indicate changing liquidity conditions that may impact the company's financial stability and ability to meet its short-term obligations.