Analysis of Liquidity Ratios
Quarterly Data
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Activision Blizzard Inc., liquidity ratios (quarterly data)
Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Activision Blizzard Inc. current ratio improved from Q4 2022 to Q1 2023 but then slightly deteriorated from Q1 2023 to Q2 2023. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Activision Blizzard Inc. quick ratio improved from Q4 2022 to Q1 2023 but then slightly deteriorated from Q1 2023 to Q2 2023. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Activision Blizzard Inc. cash ratio improved from Q4 2022 to Q1 2023 but then slightly deteriorated from Q1 2023 to Q2 2023. |
Current Ratio
Activision Blizzard Inc., current ratio calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Current assets | 15,496) | 14,519) | 14,469) | 13,110) | 12,507) | 12,486) | 12,556) | 11,211) | 10,887) | 10,922) | 10,565) | 9,002) | 7,719) | 7,119) | 7,292) | 6,012) | 5,663) | 6,037) | 6,106) | 4,972) | 6,134) | 6,410) | |||||||
| Current liabilities | 3,322) | 2,817) | 3,555) | 2,278) | 2,024) | 2,291) | 2,411) | 2,016) | 2,253) | 3,181) | 3,100) | 2,187) | 2,557) | 2,560) | 2,915) | 1,751) | 1,639) | 2,295) | 2,642) | 2,382) | 2,060) | 2,927) | |||||||
| Liquidity Ratio | |||||||||||||||||||||||||||||
| Current ratio1 | 4.66 | 5.15 | 4.07 | 5.76 | 6.18 | 5.45 | 5.21 | 5.56 | 4.83 | 3.43 | 3.41 | 4.12 | 3.02 | 2.78 | 2.50 | 3.43 | 3.46 | 2.63 | 2.31 | 2.09 | 2.98 | 2.19 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Current Ratio, Competitors2 | |||||||||||||||||||||||||||||
| Alphabet Inc. | 2.17 | 2.35 | 2.38 | 2.52 | 2.81 | 2.87 | 2.93 | 2.98 | 3.15 | 3.10 | 3.07 | 3.41 | 3.41 | 3.66 | 3.37 | 3.78 | 3.98 | 3.96 | — | — | — | — | |||||||
| Comcast Corp. | 0.76 | 0.69 | 0.78 | 0.84 | 0.88 | 0.86 | 0.85 | 1.03 | 0.92 | 0.96 | 0.93 | 0.93 | 0.97 | 0.87 | 0.84 | 0.86 | 0.69 | 0.73 | — | — | — | — | |||||||
| Meta Platforms Inc. | 2.32 | 2.07 | 2.20 | 2.57 | 2.52 | 2.81 | 3.15 | 4.23 | 5.43 | 6.08 | 5.05 | 5.51 | 6.02 | 4.60 | 4.40 | 4.66 | 4.47 | 5.38 | — | — | — | — | |||||||
| Netflix Inc. | 1.33 | 1.26 | 1.17 | 1.14 | 1.05 | 1.05 | 0.95 | 1.17 | 1.23 | 1.27 | 1.25 | 1.24 | 1.12 | 0.82 | — | — | — | — | — | — | — | — | |||||||
| Walt Disney Co. | 1.01 | 0.99 | 1.00 | 1.02 | 1.06 | 1.10 | 1.08 | 1.24 | 1.23 | 1.31 | 1.32 | 1.34 | 0.94 | 0.80 | 0.90 | 0.70 | 0.77 | 1.00 | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q2 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 15,496 ÷ 3,322 = 4.66
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. | Activision Blizzard Inc. current ratio improved from Q4 2022 to Q1 2023 but then slightly deteriorated from Q1 2023 to Q2 2023. |
Quick Ratio
Activision Blizzard Inc., quick ratio calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Cash and cash equivalents | 10,770) | 9,236) | 7,060) | 7,743) | 10,483) | 10,967) | 10,423) | 9,718) | 9,209) | 9,281) | 8,647) | 7,415) | 6,338) | 5,906) | 5,794) | 4,939) | 4,592) | 4,696) | 4,225) | 3,308) | 4,857) | 5,217) | |||||||
| Held-to-maturity investments | 2,314) | 3,280) | 4,932) | 2,945) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | |||||||
| Accounts receivable, net | 1,035) | 764) | 1,204) | 658) | 572) | 530) | 972) | 585) | 682) | 773) | 1,052) | 619) | 614) | 590) | 848) | 386) | 455) | 594) | 1,035) | 641) | 418) | 431) | |||||||
| Total quick assets | 14,119) | 13,280) | 13,196) | 11,346) | 11,055) | 11,497) | 11,395) | 10,303) | 9,891) | 10,054) | 9,699) | 8,034) | 6,952) | 6,496) | 6,642) | 5,325) | 5,047) | 5,290) | 5,260) | 3,949) | 5,275) | 5,648) | |||||||
| Current liabilities | 3,322) | 2,817) | 3,555) | 2,278) | 2,024) | 2,291) | 2,411) | 2,016) | 2,253) | 3,181) | 3,100) | 2,187) | 2,557) | 2,560) | 2,915) | 1,751) | 1,639) | 2,295) | 2,642) | 2,382) | 2,060) | 2,927) | |||||||
| Liquidity Ratio | |||||||||||||||||||||||||||||
| Quick ratio1 | 4.25 | 4.71 | 3.71 | 4.98 | 5.46 | 5.02 | 4.73 | 5.11 | 4.39 | 3.16 | 3.13 | 3.67 | 2.72 | 2.54 | 2.28 | 3.04 | 3.08 | 2.31 | 1.99 | 1.66 | 2.56 | 1.93 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Quick Ratio, Competitors2 | |||||||||||||||||||||||||||||
| Alphabet Inc. | 2.02 | 2.20 | 2.22 | 2.29 | 2.62 | 2.72 | 2.79 | 2.85 | 3.01 | 2.94 | 2.95 | 3.27 | 3.26 | 3.46 | 3.21 | 3.62 | 3.84 | 3.80 | — | — | — | — | |||||||
| Comcast Corp. | 0.61 | 0.55 | 0.62 | 0.63 | 0.68 | 0.71 | 0.71 | 0.89 | 0.80 | 0.84 | 0.81 | 0.81 | 0.85 | 0.70 | 0.55 | 0.55 | 0.48 | 0.51 | — | — | — | — | |||||||
| Meta Platforms Inc. | 2.20 | 1.91 | 2.01 | 2.34 | 2.34 | 2.62 | 2.94 | 3.94 | 5.09 | 5.86 | 4.89 | 5.33 | 5.81 | 4.48 | 4.28 | 4.50 | 4.32 | 5.22 | — | — | — | — | |||||||
| Netflix Inc. | 0.99 | 0.94 | 0.76 | 0.79 | 0.78 | 0.78 | 0.71 | 0.94 | 0.99 | 1.06 | 1.05 | 1.06 | 0.94 | 0.66 | — | — | — | — | — | — | — | — | |||||||
| Walt Disney Co. | 0.83 | 0.83 | 0.83 | 0.87 | 0.91 | 0.98 | 0.94 | 1.07 | 1.07 | 1.17 | 1.15 | 1.16 | 0.81 | 0.69 | 0.67 | 0.50 | 0.56 | 0.83 | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q2 2023 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 14,119 ÷ 3,322 = 4.25
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. | Activision Blizzard Inc. quick ratio improved from Q4 2022 to Q1 2023 but then slightly deteriorated from Q1 2023 to Q2 2023. |
Cash Ratio
Activision Blizzard Inc., cash ratio calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Cash and cash equivalents | 10,770) | 9,236) | 7,060) | 7,743) | 10,483) | 10,967) | 10,423) | 9,718) | 9,209) | 9,281) | 8,647) | 7,415) | 6,338) | 5,906) | 5,794) | 4,939) | 4,592) | 4,696) | 4,225) | 3,308) | 4,857) | 5,217) | |||||||
| Held-to-maturity investments | 2,314) | 3,280) | 4,932) | 2,945) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | |||||||
| Total cash assets | 13,084) | 12,516) | 11,992) | 10,688) | 10,483) | 10,967) | 10,423) | 9,718) | 9,209) | 9,281) | 8,647) | 7,415) | 6,338) | 5,906) | 5,794) | 4,939) | 4,592) | 4,696) | 4,225) | 3,308) | 4,857) | 5,217) | |||||||
| Current liabilities | 3,322) | 2,817) | 3,555) | 2,278) | 2,024) | 2,291) | 2,411) | 2,016) | 2,253) | 3,181) | 3,100) | 2,187) | 2,557) | 2,560) | 2,915) | 1,751) | 1,639) | 2,295) | 2,642) | 2,382) | 2,060) | 2,927) | |||||||
| Liquidity Ratio | |||||||||||||||||||||||||||||
| Cash ratio1 | 3.94 | 4.44 | 3.37 | 4.69 | 5.18 | 4.79 | 4.32 | 4.82 | 4.09 | 2.92 | 2.79 | 3.39 | 2.48 | 2.31 | 1.99 | 2.82 | 2.80 | 2.05 | 1.60 | 1.39 | 2.36 | 1.78 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Cash Ratio, Competitors2 | |||||||||||||||||||||||||||||
| Alphabet Inc. | 1.52 | 1.67 | 1.64 | 1.76 | 2.04 | 2.16 | 2.17 | 2.30 | 2.44 | 2.44 | 2.41 | 2.75 | 2.77 | 2.92 | 2.65 | 3.09 | 3.27 | 3.25 | — | — | — | — | |||||||
| Comcast Corp. | 0.22 | 0.17 | 0.17 | 0.20 | 0.25 | 0.30 | 0.30 | 0.44 | 0.42 | 0.49 | 0.41 | 0.46 | 0.49 | 0.31 | 0.18 | 0.13 | 0.13 | 0.13 | — | — | — | — | |||||||
| Meta Platforms Inc. | 1.79 | 1.48 | 1.51 | 1.84 | 1.82 | 2.08 | 2.27 | 3.26 | 4.31 | 5.05 | 4.14 | 4.66 | 5.15 | 4.00 | 3.64 | 3.92 | 3.74 | 4.57 | — | — | — | — | |||||||
| Netflix Inc. | 0.99 | 0.94 | 0.76 | 0.79 | 0.78 | 0.78 | 0.71 | 0.94 | 0.99 | 1.06 | 1.05 | 1.06 | 0.94 | 0.66 | — | — | — | — | — | — | — | — | |||||||
| Walt Disney Co. | 0.37 | 0.31 | 0.40 | 0.42 | 0.45 | 0.48 | 0.51 | 0.59 | 0.60 | 0.64 | 0.67 | 0.75 | 0.40 | 0.20 | 0.17 | 0.15 | 0.23 | 0.25 | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q2 2023 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 13,084 ÷ 3,322 = 3.94
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. | Activision Blizzard Inc. cash ratio improved from Q4 2022 to Q1 2023 but then slightly deteriorated from Q1 2023 to Q2 2023. |