Walgreens Boots Alliance Inc (WBA)
Quick 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 | 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 |
| Receivables | US$ in thousands | 5,851,000 | 5,949,000 | 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 |
| 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 |
| Quick ratio | 0.33 | 0.27 | 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 |
August 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,319,000K
+ $1,790,000K
+ $5,851,000K)
÷ $26,953,000K
= 0.33
The quick ratio of Walgreens Boots Alliance Inc has shown some fluctuation over the past 20 quarters. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
Looking at the data provided, we can see that the quick ratio has ranged from a low of 0.19 to a high of 0.41 during this period. The quick ratio has generally been below 1, indicating that the company may have had difficulty meeting its short-term obligations with its quick assets alone.
The trend in the quick ratio over the past 20 quarters shows some variability, with no clear consistent uptrend or downtrend. However, it is worth noting that in more recent quarters, the quick ratio has been below 0.3, suggesting potential liquidity concerns in meeting short-term obligations.
Overall, a quick ratio below 1 suggests that Walgreens Boots Alliance Inc may need to rely on other sources of liquidity or improve its efficiency in managing working capital to enhance its short-term financial health.
Peer comparison
Aug 31, 2024