Stock Analysis on Net

Verizon Communications Inc. (NYSE:VZ)

Analysis of Liquidity Ratios

Microsoft Excel

Liquidity Ratios (Summary)

Verizon Communications Inc., liquidity ratios

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Current ratio 0.69 0.75 0.78 1.38 0.84
Quick ratio 0.51 0.54 0.57 1.16 0.62
Cash ratio 0.04 0.05 0.06 0.56 0.06

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Verizon Communications Inc. current ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Verizon Communications Inc. quick ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Verizon Communications Inc. cash ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Current Ratio

Verizon Communications Inc., current ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Current assets 36,814 37,857 36,728 54,594 37,473
Current liabilities 53,223 50,171 47,160 39,660 44,868
Liquidity Ratio
Current ratio1 0.69 0.75 0.78 1.38 0.84
Benchmarks
Current Ratio, Competitors2
AT&T Inc. 0.71 0.59 0.70 0.82 0.79
T-Mobile US Inc. 0.91 0.77 0.89 1.10 0.74
Current Ratio, Sector
Telecommunication Services 0.74 0.69 0.75 1.05 0.80
Current Ratio, Industry
Communication Services 1.30 1.28 1.41 1.74 1.49

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 36,814 ÷ 53,223 = 0.69

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Verizon Communications Inc. current ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Quick Ratio

Verizon Communications Inc., quick ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Cash and cash equivalents 2,065 2,605 2,921 22,171 2,594
Accounts receivable, net 25,085 24,506 23,846 23,917 25,429
Total quick assets 27,150 27,111 26,767 46,088 28,023
 
Current liabilities 53,223 50,171 47,160 39,660 44,868
Liquidity Ratio
Quick ratio1 0.51 0.54 0.57 1.16 0.62
Benchmarks
Quick Ratio, Competitors2
AT&T Inc. 0.33 0.27 0.45 0.47 0.50
T-Mobile US Inc. 0.68 0.57 0.66 0.84 0.48
Quick Ratio, Sector
Telecommunication Services 0.47 0.43 0.52 0.76 0.54
Quick Ratio, Industry
Communication Services 1.11 1.08 1.22 1.53 1.26

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 27,150 ÷ 53,223 = 0.51

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Verizon Communications Inc. quick ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Cash Ratio

Verizon Communications Inc., cash ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Cash and cash equivalents 2,065 2,605 2,921 22,171 2,594
Total cash assets 2,065 2,605 2,921 22,171 2,594
 
Current liabilities 53,223 50,171 47,160 39,660 44,868
Liquidity Ratio
Cash ratio1 0.04 0.05 0.06 0.56 0.06
Benchmarks
Cash Ratio, Competitors2
AT&T Inc. 0.13 0.07 0.25 0.15 0.18
T-Mobile US Inc. 0.25 0.18 0.28 0.48 0.12
Cash Ratio, Sector
Telecommunication Services 0.11 0.08 0.20 0.34 0.13
Cash Ratio, Industry
Communication Services 0.68 0.64 0.80 1.07 0.81

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 2,065 ÷ 53,223 = 0.04

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Verizon Communications Inc. cash ratio deteriorated from 2021 to 2022 and from 2022 to 2023.