Analysis of Liquidity Ratios
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Warner Bros. Discovery Inc., liquidity ratios
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Current ratio | 2.10 | 1.99 | 1.61 | 1.06 | 5.34 | |
| Quick ratio | 1.84 | 1.50 | 1.29 | 0.90 | 4.89 | |
| Cash ratio | 1.13 | 0.68 | 0.48 | 0.25 | 3.91 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Warner Bros. Discovery Inc. current ratio improved from 2019 to 2020 and from 2020 to 2021. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Warner Bros. Discovery Inc. quick ratio improved from 2019 to 2020 and from 2020 to 2021. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Warner Bros. Discovery Inc. cash ratio improved from 2019 to 2020 and from 2020 to 2021. |
Current Ratio
Warner Bros. Discovery Inc., current ratio calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current assets | 7,264) | 6,130) | 5,217) | 4,231) | 9,991) | |
| Current liabilities | 3,459) | 3,082) | 3,239) | 3,997) | 1,871) | |
| Liquidity Ratio | ||||||
| Current ratio1 | 2.10 | 1.99 | 1.61 | 1.06 | 5.34 | |
| Benchmarks | ||||||
| Current Ratio, Competitors2 | ||||||
| Alphabet Inc. | 2.93 | 3.07 | 3.37 | — | — | |
| Comcast Corp. | 0.85 | 0.93 | 0.84 | — | — | |
| Meta Platforms Inc. | 3.15 | 5.05 | 4.40 | — | — | |
| Netflix Inc. | 0.95 | 1.25 | 0.90 | — | — | |
| Walt Disney Co. | 1.08 | 1.32 | 0.90 | — | — | |
| Current Ratio, Sector | ||||||
| Media & Entertainment | 2.08 | 2.38 | 2.16 | — | — | |
| Current Ratio, Industry | ||||||
| Communication Services | 1.41 | 1.74 | 1.49 | — | — | |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Current ratio = Current assets ÷ Current liabilities
= 7,264 ÷ 3,459 = 2.10
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. | Warner Bros. Discovery Inc. current ratio improved from 2019 to 2020 and from 2020 to 2021. |
Quick Ratio
Warner Bros. Discovery Inc., quick ratio calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Cash and cash equivalents | 3,905) | 2,091) | 1,552) | 986) | 7,309) | |
| Receivables, net | 2,446) | 2,537) | 2,633) | 2,620) | 1,838) | |
| Total quick assets | 6,351) | 4,628) | 4,185) | 3,606) | 9,147) | |
| Current liabilities | 3,459) | 3,082) | 3,239) | 3,997) | 1,871) | |
| Liquidity Ratio | ||||||
| Quick ratio1 | 1.84 | 1.50 | 1.29 | 0.90 | 4.89 | |
| Benchmarks | ||||||
| Quick Ratio, Competitors2 | ||||||
| Alphabet Inc. | 2.79 | 2.95 | 3.21 | — | — | |
| Comcast Corp. | 0.71 | 0.81 | 0.55 | — | — | |
| Meta Platforms Inc. | 2.94 | 4.89 | 4.28 | — | — | |
| Netflix Inc. | 0.91 | 1.22 | 0.87 | — | — | |
| Walt Disney Co. | 0.94 | 1.15 | 0.67 | — | — | |
| Quick Ratio, Sector | ||||||
| Media & Entertainment | 1.94 | 2.25 | 1.97 | — | — | |
| Quick Ratio, Industry | ||||||
| Communication Services | 1.22 | 1.53 | 1.26 | — | — | |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 6,351 ÷ 3,459 = 1.84
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. | Warner Bros. Discovery Inc. quick ratio improved from 2019 to 2020 and from 2020 to 2021. |
Cash Ratio
Warner Bros. Discovery Inc., cash ratio calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Cash and cash equivalents | 3,905) | 2,091) | 1,552) | 986) | 7,309) | |
| Total cash assets | 3,905) | 2,091) | 1,552) | 986) | 7,309) | |
| Current liabilities | 3,459) | 3,082) | 3,239) | 3,997) | 1,871) | |
| Liquidity Ratio | ||||||
| Cash ratio1 | 1.13 | 0.68 | 0.48 | 0.25 | 3.91 | |
| Benchmarks | ||||||
| Cash Ratio, Competitors2 | ||||||
| Alphabet Inc. | 2.17 | 2.41 | 2.65 | — | — | |
| Comcast Corp. | 0.30 | 0.41 | 0.18 | — | — | |
| Meta Platforms Inc. | 2.27 | 4.14 | 3.64 | — | — | |
| Netflix Inc. | 0.71 | 1.05 | 0.73 | — | — | |
| Walt Disney Co. | 0.51 | 0.67 | 0.17 | — | — | |
| Cash Ratio, Sector | ||||||
| Media & Entertainment | 1.42 | 1.75 | 1.48 | — | — | |
| Cash Ratio, Industry | ||||||
| Communication Services | 0.80 | 1.07 | 0.81 | — | — | |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 3,905 ÷ 3,459 = 1.13
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. | Warner Bros. Discovery Inc. cash ratio improved from 2019 to 2020 and from 2020 to 2021. |