Stock Analysis on Net

Walgreens Boots Alliance Inc. (NASDAQ:WBA)

This company has been moved to the archive! The financial data has not been updated since July 9, 2020.

Analysis of Liquidity Ratios

Microsoft Excel

Liquidity Ratios (Summary)

Walgreens Boots Alliance Inc., liquidity ratios

Microsoft Excel
Aug 31, 2019 Aug 31, 2018 Aug 31, 2017 Aug 31, 2016 Aug 31, 2015 Aug 31, 2014
Current ratio 0.73 0.82 1.07 1.52 1.19 1.38
Quick ratio 0.32 0.34 0.53 0.94 0.59 0.66
Cash ratio 0.04 0.04 0.18 0.58 0.18 0.30

Based on: 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Walgreens Boots Alliance Inc. current ratio deteriorated from 2017 to 2018 and from 2018 to 2019.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Walgreens Boots Alliance Inc. quick ratio deteriorated from 2017 to 2018 and from 2018 to 2019.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Walgreens Boots Alliance Inc. cash ratio deteriorated from 2017 to 2018 but then slightly improved from 2018 to 2019.

Current Ratio

Walgreens Boots Alliance Inc., current ratio calculation, comparison to benchmarks

Microsoft Excel
Aug 31, 2019 Aug 31, 2018 Aug 31, 2017 Aug 31, 2016 Aug 31, 2015 Aug 31, 2014
Selected Financial Data (US$ in millions)
Current assets 18,700 17,846 19,753 25,883 19,657 12,242
Current liabilities 25,769 21,667 18,547 17,013 16,557 8,895
Liquidity Ratio
Current ratio1 0.73 0.82 1.07 1.52 1.19 1.38
Benchmarks
Current Ratio, Competitors2
Costco Wholesale Corp. 1.01
Dollar General Corp. 1.55
Target Corp. 0.83
Walmart Inc. 0.80
Current Ratio, Sector
Consumer Staples Distribution & Retail 0.86
Current Ratio, Industry
Consumer Staples 0.84

Based on: 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31).

1 2019 Calculation
Current ratio = Current assets ÷ Current liabilities
= 18,700 ÷ 25,769 = 0.73

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. Walgreens Boots Alliance Inc. current ratio deteriorated from 2017 to 2018 and from 2018 to 2019.

Quick Ratio

Walgreens Boots Alliance Inc., quick ratio calculation, comparison to benchmarks

Microsoft Excel
Aug 31, 2019 Aug 31, 2018 Aug 31, 2017 Aug 31, 2016 Aug 31, 2015 Aug 31, 2014
Selected Financial Data (US$ in millions)
Cash and cash equivalents 1,023 785 3,301 9,807 3,000 2,646
Accounts receivable, net 7,226 6,573 6,528 6,260 6,849 3,218
Total quick assets 8,249 7,358 9,829 16,067 9,849 5,864
 
Current liabilities 25,769 21,667 18,547 17,013 16,557 8,895
Liquidity Ratio
Quick ratio1 0.32 0.34 0.53 0.94 0.59 0.66
Benchmarks
Quick Ratio, Competitors2
Costco Wholesale Corp. 0.47
Dollar General Corp. 0.08
Target Corp. 0.18
Walmart Inc. 0.18
Quick Ratio, Sector
Consumer Staples Distribution & Retail 0.23
Quick Ratio, Industry
Consumer Staples 0.38

Based on: 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31).

1 2019 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 8,249 ÷ 25,769 = 0.32

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. Walgreens Boots Alliance Inc. quick ratio deteriorated from 2017 to 2018 and from 2018 to 2019.

Cash Ratio

Walgreens Boots Alliance Inc., cash ratio calculation, comparison to benchmarks

Microsoft Excel
Aug 31, 2019 Aug 31, 2018 Aug 31, 2017 Aug 31, 2016 Aug 31, 2015 Aug 31, 2014
Selected Financial Data (US$ in millions)
Cash and cash equivalents 1,023 785 3,301 9,807 3,000 2,646
Total cash assets 1,023 785 3,301 9,807 3,000 2,646
 
Current liabilities 25,769 21,667 18,547 17,013 16,557 8,895
Liquidity Ratio
Cash ratio1 0.04 0.04 0.18 0.58 0.18 0.30
Benchmarks
Cash Ratio, Competitors2
Costco Wholesale Corp. 0.41
Dollar General Corp. 0.08
Target Corp. 0.10
Walmart Inc. 0.10
Cash Ratio, Sector
Consumer Staples Distribution & Retail 0.16
Cash Ratio, Industry
Consumer Staples 0.25

Based on: 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31).

1 2019 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 1,023 ÷ 25,769 = 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. Walgreens Boots Alliance Inc. cash ratio deteriorated from 2017 to 2018 but then slightly improved from 2018 to 2019.