Walgreens Boots Alliance Inc (WBA)
Cash ratio
| Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,319,000 | 703,000 | 668,000 | 784,000 | 728,000 | 871,000 | 1,088,000 | 2,349,000 | 1,358,000 | 2,285,000 | 1,887,000 | 4,135,000 | 559,000 | 1,345,000 | 1,030,000 | 1,111,000 | 469,000 | 768,000 | 792,000 | 811,000 |
| Short-term investments | US$ in thousands | 1,790,000 | 8,000 | 8,000 | 12,000 | 11,000 | 99,000 | 752,000 | 1,883,000 | 1,114,000 | 2,173,000 | — | — | 634,000 | — | — | — | 47,000 | 1,000 | 4,000 | 4,000 |
| Total current liabilities | US$ in thousands | 26,953,000 | 25,034,000 | 24,915,000 | 26,116,000 | 24,535,000 | 26,170,000 | 28,228,000 | 28,036,000 | 22,583,000 | 24,067,000 | 22,699,000 | 24,447,000 | 22,054,000 | 34,475,000 | 31,246,000 | 30,379,000 | 27,070,000 | 26,649,000 | 28,662,000 | 29,494,000 |
| Cash ratio | 0.12 | 0.03 | 0.03 | 0.03 | 0.03 | 0.04 | 0.07 | 0.15 | 0.11 | 0.19 | 0.08 | 0.17 | 0.05 | 0.04 | 0.03 | 0.04 | 0.02 | 0.03 | 0.03 | 0.03 |
August 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,319,000K
+ $1,790,000K)
÷ $26,953,000K
= 0.12
The cash ratio of Walgreens Boots Alliance Inc has varied over the past few years, ranging from as low as 0.02 to as high as 0.19. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations using cash on hand.
Looking at the trend in the cash ratio, we can see fluctuations over time with no clear pattern. In the most recent period, the cash ratio was 0.12, indicating that the company had $0.12 of cash and cash equivalents for every $1 of current liabilities. This suggests a moderate level of liquidity, though not as strong as some previous periods where the cash ratio was higher.
It is important to note that the cash ratio should be evaluated in conjunction with other liquidity ratios and other financial metrics to get a comprehensive view of the company's financial health. Further analysis of trends and comparisons with industry peers could provide more insights into Walgreens Boots Alliance Inc's liquidity position.
Peer comparison
Aug 31, 2024