Stock Analysis on Net

Cigna Group (NYSE:CI)

Analysis of Liquidity Ratios

Microsoft Excel

Liquidity Ratios (Summary)

Cigna Group, liquidity ratios

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Current ratio 0.77 0.73 0.83 0.77 0.74
Quick ratio 0.54 0.58 0.48 0.66 0.41
Cash ratio 0.18 0.17 0.14 0.32 0.14

Based on: 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), 10-K (reporting date: 2019-12-31).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Cigna Group current ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Cigna Group quick ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Cigna Group cash ratio improved from 2021 to 2022 and from 2022 to 2023.

Current Ratio

Cigna Group, current ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Current assets 37,351 30,120 36,134 27,799 29,845
Current liabilities 48,716 41,229 43,572 36,022 40,138
Liquidity Ratio
Current ratio1 0.77 0.73 0.83 0.77 0.74
Benchmarks
Current Ratio, Competitors2
Abbott Laboratories 1.64 1.63 1.85 1.72 1.44
CVS Health Corp. 0.86 0.94 0.88 0.91 0.94
Elevance Health Inc. 1.44 1.40 1.47 1.55 1.65
Humana Inc. 1.59 1.52 1.62 1.77 1.82
Intuitive Surgical Inc. 4.76 4.40 5.08 6.86 4.53
Medtronic PLC 2.39 1.86 2.65 2.13 2.59
UnitedHealth Group Inc. 0.79 0.77 0.79 0.74 0.69
Current Ratio, Sector
Health Care Equipment & Services 1.04 1.05 1.09 1.08 1.07
Current Ratio, Industry
Health Care 1.14 1.16 1.21 1.21 1.34

Based on: 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), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 37,351 ÷ 48,716 = 0.77

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. Cigna Group current ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.

Quick Ratio

Cigna Group, quick ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Cash and cash equivalents 7,822 5,924 5,081 10,182 4,619
Investments 925 905 920 1,331 937
Accounts receivable, net 17,722 17,218 15,071 12,191 10,716
Total quick assets 26,469 24,047 21,072 23,704 16,272
 
Current liabilities 48,716 41,229 43,572 36,022 40,138
Liquidity Ratio
Quick ratio1 0.54 0.58 0.48 0.66 0.41
Benchmarks
Quick Ratio, Competitors2
Abbott Laboratories 1.00 1.06 1.28 1.14 0.88
CVS Health Corp. 0.59 0.62 0.55 0.53 0.52
Elevance Health Inc. 1.30 1.27 1.33 1.42 1.52
Humana Inc. 1.24 1.20 1.20 1.37 1.47
Intuitive Surgical Inc. 3.83 3.56 4.34 5.96 3.75
Medtronic PLC 1.54 1.30 1.91 1.50 1.90
UnitedHealth Group Inc. 0.73 0.70 0.72 0.68 0.63
Quick Ratio, Sector
Health Care Equipment & Services 0.82 0.83 0.83 0.85 0.78
Quick Ratio, Industry
Health Care 0.83 0.86 0.90 0.90 1.00

Based on: 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), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 26,469 ÷ 48,716 = 0.54

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. Cigna Group quick ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.

Cash Ratio

Cigna Group, cash ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Cash and cash equivalents 7,822 5,924 5,081 10,182 4,619
Investments 925 905 920 1,331 937
Total cash assets 8,747 6,829 6,001 11,513 5,556
 
Current liabilities 48,716 41,229 43,572 36,022 40,138
Liquidity Ratio
Cash ratio1 0.18 0.17 0.14 0.32 0.14
Benchmarks
Cash Ratio, Competitors2
Abbott Laboratories 0.53 0.66 0.78 0.60 0.38
CVS Health Corp. 0.14 0.23 0.18 0.18 0.15
Elevance Health Inc. 0.87 0.86 0.95 1.04 1.08
Humana Inc. 1.13 1.10 1.08 1.29 1.37
Intuitive Surgical Inc. 3.15 2.90 3.66 5.30 3.13
Medtronic PLC 0.88 0.85 1.27 1.06 1.16
UnitedHealth Group Inc. 0.34 0.36 0.36 0.33 0.28
Cash Ratio, Sector
Health Care Equipment & Services 0.42 0.46 0.46 0.50 0.42
Cash Ratio, Industry
Health Care 0.44 0.48 0.52 0.53 0.64

Based on: 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), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 8,747 ÷ 48,716 = 0.18

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. Cigna Group cash ratio improved from 2021 to 2022 and from 2022 to 2023.