Walgreens Boots Alliance Inc (WBA)
Quick ratio
| 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 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 668,000 | 784,000 | 739,000 | 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 | 1,023,000 | 768,000 |
| Short-term investments | US$ in thousands | — | — | 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 | 5,000 | 71,000 |
| Receivables | US$ in thousands | 6,200,000 | 5,972,000 | 5,381,000 | 5,843,000 | 5,730,000 | 4,853,000 | 5,017,000 | 5,034,000 | 5,328,000 | 5,960,000 | 5,663,000 | 5,153,000 | 4,878,000 | 7,869,000 | 7,132,000 | 6,982,000 | 7,572,000 | 7,435,000 | 7,226,000 | 7,239,000 |
| Total current liabilities | US$ in thousands | 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 | 25,769,000 | 25,060,000 |
| Quick ratio | 0.28 | 0.26 | 0.25 | 0.26 | 0.27 | 0.32 | 0.33 | 0.39 | 0.32 | 0.41 | 0.31 | 0.19 | 0.19 | 0.30 | 0.28 | 0.29 | 0.29 | 0.28 | 0.32 | 0.32 |
February 29, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($668,000K
+ $—K
+ $6,200,000K)
÷ $24,915,000K
= 0.28
The quick ratio of Walgreens Boots Alliance Inc has fluctuated over the past few quarters, ranging from 0.19 to 0.41. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets, excluding inventory. A quick ratio below 1 indicates potential liquidity concerns, as the company may struggle to cover its short-term liabilities.
In the recent quarter, the quick ratio was 0.28, suggesting that Walgreens Boots Alliance Inc may face some challenges in meeting its short-term obligations. However, it is important to consider industry benchmarks and historical trends to fully assess the company's liquidity position. Overall, monitoring the quick ratio trend over time can provide insights into the company's liquidity management and financial health.
Peer comparison
Feb 29, 2024