Analysis of Liquidity Ratios
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Express Scripts Holding Co., liquidity ratios
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | ||
|---|---|---|---|---|---|---|
| Current ratio | 0.67 | 0.75 | 0.70 | 0.62 | 0.64 | |
| Quick ratio | 0.52 | 0.62 | 0.58 | 0.46 | 0.45 | |
| Cash ratio | 0.13 | 0.19 | 0.19 | 0.11 | 0.15 |
Based on: 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Express Scripts Holding Co. current ratio improved from 2015 to 2016 but then deteriorated significantly from 2016 to 2017. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Express Scripts Holding Co. quick ratio improved from 2015 to 2016 but then deteriorated significantly from 2016 to 2017. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Express Scripts Holding Co. cash ratio improved from 2015 to 2016 but then deteriorated significantly from 2016 to 2017. |
Current Ratio
Express Scripts Holding Co., current ratio calculation, comparison to benchmarks
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Current assets | 11,957,100) | 12,363,400) | 12,059,500) | 10,568,100) | 8,491,400) | |
| Current liabilities | 17,846,400) | 16,428,100) | 17,155,300) | 17,016,900) | 13,235,300) | |
| Liquidity Ratio | ||||||
| Current ratio1 | 0.67 | 0.75 | 0.70 | 0.62 | 0.64 | |
| Benchmarks | ||||||
| Current Ratio, Competitors2 | ||||||
| Abbott Laboratories | — | — | — | — | — | |
| Cigna Group | — | — | — | — | — | |
| CVS Health Corp. | — | — | — | — | — | |
| Elevance Health Inc. | — | — | — | — | — | |
| Intuitive Surgical Inc. | — | — | — | — | — | |
| Medtronic PLC | — | — | — | — | — | |
| UnitedHealth Group Inc. | — | — | — | — | — | |
Based on: 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31).
1 2017 Calculation
Current ratio = Current assets ÷ Current liabilities
= 11,957,100 ÷ 17,846,400 = 0.67
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. | Express Scripts Holding Co. current ratio improved from 2015 to 2016 but then deteriorated significantly from 2016 to 2017. |
Quick Ratio
Express Scripts Holding Co., quick ratio calculation, comparison to benchmarks
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Cash and cash equivalents | 2,309,600) | 3,077,200) | 3,186,300) | 1,832,600) | 1,991,400) | |
| Receivables, net | 7,056,300) | 7,062,100) | 6,721,300) | 5,979,800) | 4,022,900) | |
| Total quick assets | 9,365,900) | 10,139,300) | 9,907,600) | 7,812,400) | 6,014,300) | |
| Current liabilities | 17,846,400) | 16,428,100) | 17,155,300) | 17,016,900) | 13,235,300) | |
| Liquidity Ratio | ||||||
| Quick ratio1 | 0.52 | 0.62 | 0.58 | 0.46 | 0.45 | |
| Benchmarks | ||||||
| Quick Ratio, Competitors2 | ||||||
| Abbott Laboratories | — | — | — | — | — | |
| Cigna Group | — | — | — | — | — | |
| CVS Health Corp. | — | — | — | — | — | |
| Elevance Health Inc. | — | — | — | — | — | |
| Intuitive Surgical Inc. | — | — | — | — | — | |
| Medtronic PLC | — | — | — | — | — | |
| UnitedHealth Group Inc. | — | — | — | — | — | |
Based on: 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31).
1 2017 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 9,365,900 ÷ 17,846,400 = 0.52
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. | Express Scripts Holding Co. quick ratio improved from 2015 to 2016 but then deteriorated significantly from 2016 to 2017. |
Cash Ratio
Express Scripts Holding Co., cash ratio calculation, comparison to benchmarks
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Cash and cash equivalents | 2,309,600) | 3,077,200) | 3,186,300) | 1,832,600) | 1,991,400) | |
| Total cash assets | 2,309,600) | 3,077,200) | 3,186,300) | 1,832,600) | 1,991,400) | |
| Current liabilities | 17,846,400) | 16,428,100) | 17,155,300) | 17,016,900) | 13,235,300) | |
| Liquidity Ratio | ||||||
| Cash ratio1 | 0.13 | 0.19 | 0.19 | 0.11 | 0.15 | |
| Benchmarks | ||||||
| Cash Ratio, Competitors2 | ||||||
| Abbott Laboratories | — | — | — | — | — | |
| Cigna Group | — | — | — | — | — | |
| CVS Health Corp. | — | — | — | — | — | |
| Elevance Health Inc. | — | — | — | — | — | |
| Intuitive Surgical Inc. | — | — | — | — | — | |
| Medtronic PLC | — | — | — | — | — | |
| UnitedHealth Group Inc. | — | — | — | — | — | |
Based on: 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31).
1 2017 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 2,309,600 ÷ 17,846,400 = 0.13
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. | Express Scripts Holding Co. cash ratio improved from 2015 to 2016 but then deteriorated significantly from 2016 to 2017. |