Analysis of Liquidity Ratios
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
AmerisourceBergen Corp., liquidity ratios
Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | AmerisourceBergen Corp. current ratio deteriorated from 2020 to 2021 and from 2021 to 2022. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | AmerisourceBergen Corp. quick ratio deteriorated from 2020 to 2021 but then slightly improved from 2021 to 2022. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | AmerisourceBergen Corp. cash ratio deteriorated from 2020 to 2021 but then slightly improved from 2021 to 2022. |
Current Ratio
AmerisourceBergen Corp., current ratio calculation, comparison to benchmarks
| Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | Sep 30, 2017 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Current assets | 39,589,758) | 38,802,609) | 33,055,702) | 28,132,054) | 25,894,372) | 24,303,299) | |
| Current liabilities | 43,477,955) | 41,358,641) | 33,853,077) | 29,581,294) | 27,869,687) | 26,818,165) | |
| Liquidity Ratio | |||||||
| Current ratio1 | 0.91 | 0.94 | 0.98 | 0.95 | 0.93 | 0.91 | |
| Benchmarks | |||||||
| Current Ratio, Competitors2 | |||||||
| Abbott Laboratories | 1.63 | 1.85 | 1.72 | 1.44 | — | — | |
| Cigna Group | 0.73 | 0.83 | 0.77 | 0.74 | — | — | |
| CVS Health Corp. | 0.94 | 0.88 | 0.91 | 0.94 | — | — | |
| Elevance Health Inc. | 1.40 | 1.47 | 1.55 | 1.65 | — | — | |
| Intuitive Surgical Inc. | 4.40 | 5.08 | 6.86 | 4.53 | — | — | |
| Medtronic PLC | 1.86 | 2.65 | 2.13 | 2.59 | — | — | |
| UnitedHealth Group Inc. | 0.77 | 0.79 | 0.74 | 0.69 | — | — | |
| Current Ratio, Sector | |||||||
| Health Care Equipment & Services | 1.02 | 1.06 | 1.04 | — | — | — | |
| Current Ratio, Industry | |||||||
| Health Care | 1.15 | 1.21 | 1.20 | — | — | — | |
Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30).
1 2022 Calculation
Current ratio = Current assets ÷ Current liabilities
= 39,589,758 ÷ 43,477,955 = 0.91
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. | AmerisourceBergen Corp. current ratio deteriorated from 2020 to 2021 and from 2021 to 2022. |
Quick Ratio
AmerisourceBergen Corp., quick ratio calculation, comparison to benchmarks
| Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | Sep 30, 2017 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Cash and cash equivalents | 3,388,189) | 2,547,142) | 4,597,746) | 3,374,194) | 2,492,516) | 2,435,115) | |
| Accounts receivable, less allowances for returns and credit losses | 18,452,675) | 18,167,175) | 13,846,301) | 12,386,879) | 11,314,226) | 10,303,324) | |
| Total quick assets | 21,840,864) | 20,714,317) | 18,444,047) | 15,761,073) | 13,806,742) | 12,738,439) | |
| Current liabilities | 43,477,955) | 41,358,641) | 33,853,077) | 29,581,294) | 27,869,687) | 26,818,165) | |
| Liquidity Ratio | |||||||
| Quick ratio1 | 0.50 | 0.50 | 0.54 | 0.53 | 0.50 | 0.47 | |
| Benchmarks | |||||||
| Quick Ratio, Competitors2 | |||||||
| Abbott Laboratories | 1.06 | 1.28 | 1.14 | 0.88 | — | — | |
| Cigna Group | 0.58 | 0.48 | 0.66 | 0.41 | — | — | |
| CVS Health Corp. | 0.62 | 0.55 | 0.53 | 0.52 | — | — | |
| Elevance Health Inc. | 1.27 | 1.33 | 1.42 | 1.52 | — | — | |
| Intuitive Surgical Inc. | 3.56 | 4.34 | 5.96 | 3.75 | — | — | |
| Medtronic PLC | 1.30 | 1.91 | 1.50 | 1.90 | — | — | |
| UnitedHealth Group Inc. | 0.70 | 0.72 | 0.68 | 0.63 | — | — | |
| Quick Ratio, Sector | |||||||
| Health Care Equipment & Services | 0.81 | 0.80 | 0.82 | — | — | — | |
| Quick Ratio, Industry | |||||||
| Health Care | 0.86 | 0.89 | 0.89 | — | — | — | |
Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30).
1 2022 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 21,840,864 ÷ 43,477,955 = 0.50
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. | AmerisourceBergen Corp. quick ratio deteriorated from 2020 to 2021 but then slightly improved from 2021 to 2022. |
Cash Ratio
AmerisourceBergen Corp., cash ratio calculation, comparison to benchmarks
| Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | Sep 30, 2017 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Cash and cash equivalents | 3,388,189) | 2,547,142) | 4,597,746) | 3,374,194) | 2,492,516) | 2,435,115) | |
| Total cash assets | 3,388,189) | 2,547,142) | 4,597,746) | 3,374,194) | 2,492,516) | 2,435,115) | |
| Current liabilities | 43,477,955) | 41,358,641) | 33,853,077) | 29,581,294) | 27,869,687) | 26,818,165) | |
| Liquidity Ratio | |||||||
| Cash ratio1 | 0.08 | 0.06 | 0.14 | 0.11 | 0.09 | 0.09 | |
| Benchmarks | |||||||
| Cash Ratio, Competitors2 | |||||||
| Abbott Laboratories | 0.66 | 0.78 | 0.60 | 0.38 | — | — | |
| Cigna Group | 0.17 | 0.14 | 0.32 | 0.14 | — | — | |
| CVS Health Corp. | 0.23 | 0.18 | 0.18 | 0.15 | — | — | |
| Elevance Health Inc. | 0.86 | 0.95 | 1.04 | 1.08 | — | — | |
| Intuitive Surgical Inc. | 2.90 | 3.66 | 5.30 | 3.13 | — | — | |
| Medtronic PLC | 0.85 | 1.27 | 1.06 | 1.16 | — | — | |
| UnitedHealth Group Inc. | 0.36 | 0.36 | 0.33 | 0.28 | — | — | |
| Cash Ratio, Sector | |||||||
| Health Care Equipment & Services | 0.42 | 0.43 | 0.45 | — | — | — | |
| Cash Ratio, Industry | |||||||
| Health Care | 0.47 | 0.50 | 0.51 | — | — | — | |
Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30).
1 2022 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 3,388,189 ÷ 43,477,955 = 0.08
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. | AmerisourceBergen Corp. cash ratio deteriorated from 2020 to 2021 but then slightly improved from 2021 to 2022. |