Stock Analysis on Net

CVS Health Corp. (NYSE:CVS)

Analysis of Liquidity Ratios 

Microsoft Excel

Liquidity Ratios (Summary)

CVS Health Corp., liquidity ratios

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Current ratio 0.81 0.86 0.94 0.88 0.91
Quick ratio 0.56 0.59 0.62 0.55 0.53
Cash ratio 0.13 0.14 0.23 0.18 0.18

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. CVS Health Corp. current ratio deteriorated from 2022 to 2023 and from 2023 to 2024.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. CVS Health Corp. quick ratio deteriorated from 2022 to 2023 and from 2023 to 2024.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. CVS Health Corp. cash ratio deteriorated from 2022 to 2023 and from 2023 to 2024.

Current Ratio

CVS Health Corp., current ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Current assets 68,645 67,858 65,682 60,008 56,369
Current liabilities 84,609 79,189 69,736 67,807 62,017
Liquidity Ratio
Current ratio1 0.81 0.86 0.94 0.88 0.91
Benchmarks
Current Ratio, Competitors2
Abbott Laboratories 1.67 1.64 1.63 1.85 1.72
Cigna Group 0.84 0.77 0.73 0.83 0.77
Elevance Health Inc. 1.45 1.44 1.40 1.47 1.55
Intuitive Surgical Inc. 4.07 4.76 4.40 5.08 6.86
Medtronic PLC 2.03 2.39 1.86 2.65 2.13
UnitedHealth Group Inc. 0.83 0.79 0.77 0.79 0.74
Current Ratio, Sector
Health Care Equipment & Services 1.00 1.01 1.02 1.06 1.04
Current Ratio, Industry
Health Care 1.11 1.13 1.15 1.21 1.20

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Current ratio = Current assets ÷ Current liabilities
= 68,645 ÷ 84,609 = 0.81

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. CVS Health Corp. current ratio deteriorated from 2022 to 2023 and from 2023 to 2024.

Quick Ratio

CVS Health Corp., quick ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Cash and cash equivalents 8,586 8,196 12,945 9,408 7,854
Investments 2,407 3,259 2,778 3,117 3,000
Accounts receivable, net 36,469 35,227 27,276 24,431 21,742
Total quick assets 47,462 46,682 42,999 36,956 32,596
 
Current liabilities 84,609 79,189 69,736 67,807 62,017
Liquidity Ratio
Quick ratio1 0.56 0.59 0.62 0.55 0.53
Benchmarks
Quick Ratio, Competitors2
Abbott Laboratories 1.05 1.00 1.06 1.28 1.14
Cigna Group 0.56 0.54 0.58 0.48 0.66
Elevance Health Inc. 1.32 1.30 1.27 1.33 1.42
Intuitive Surgical Inc. 3.00 3.83 3.56 4.34 5.96
Medtronic PLC 1.31 1.54 1.30 1.91 1.50
UnitedHealth Group Inc. 0.75 0.73 0.70 0.72 0.68
Quick Ratio, Sector
Health Care Equipment & Services 0.78 0.80 0.81 0.80 0.82
Quick Ratio, Industry
Health Care 0.80 0.82 0.86 0.89 0.89

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 47,462 ÷ 84,609 = 0.56

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. CVS Health Corp. quick ratio deteriorated from 2022 to 2023 and from 2023 to 2024.

Cash Ratio

CVS Health Corp., cash ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Cash and cash equivalents 8,586 8,196 12,945 9,408 7,854
Investments 2,407 3,259 2,778 3,117 3,000
Total cash assets 10,993 11,455 15,723 12,525 10,854
 
Current liabilities 84,609 79,189 69,736 67,807 62,017
Liquidity Ratio
Cash ratio1 0.13 0.14 0.23 0.18 0.18
Benchmarks
Cash Ratio, Competitors2
Abbott Laboratories 0.56 0.53 0.66 0.78 0.60
Cigna Group 0.14 0.18 0.17 0.14 0.32
Elevance Health Inc. 0.85 0.87 0.86 0.95 1.04
Intuitive Surgical Inc. 2.30 3.15 2.90 3.66 5.30
Medtronic PLC 0.74 0.88 0.85 1.27 1.06
UnitedHealth Group Inc. 0.28 0.34 0.36 0.36 0.33
Cash Ratio, Sector
Health Care Equipment & Services 0.33 0.38 0.42 0.43 0.45
Cash Ratio, Industry
Health Care 0.38 0.42 0.47 0.50 0.51

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 10,993 ÷ 84,609 = 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. CVS Health Corp. cash ratio deteriorated from 2022 to 2023 and from 2023 to 2024.