Analysis of Liquidity Ratios
Quarterly Data
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Reynolds American Inc., liquidity ratios (quarterly data)
Based on: 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-K (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30), 10-Q (reporting date: 2012-06-30), 10-Q (reporting date: 2012-03-31).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Reynolds American Inc. current ratio deteriorated from Q3 2016 to Q4 2016 but then slightly improved from Q4 2016 to Q1 2017. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Reynolds American Inc. quick ratio improved from Q3 2016 to Q4 2016 and from Q4 2016 to Q1 2017. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Reynolds American Inc. cash ratio improved from Q3 2016 to Q4 2016 and from Q4 2016 to Q1 2017. |
Current Ratio
Reynolds American Inc., current ratio calculation (quarterly data)
| Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | Dec 31, 2014 | Sep 30, 2014 | Jun 30, 2014 | Mar 31, 2014 | Dec 31, 2013 | Sep 30, 2013 | Jun 30, 2013 | Mar 31, 2013 | Dec 31, 2012 | Sep 30, 2012 | Jun 30, 2012 | Mar 31, 2012 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Current assets | 5,103) | 4,238) | 4,962) | 4,905) | 7,529) | 6,187) | 6,423) | 7,451) | 3,989) | 3,323) | 3,456) | 3,458) | 4,005) | 3,655) | 4,839) | 3,824) | 5,029) | 4,812) | 3,519) | 3,347) | 4,734) | |||||||
| Current liabilities | 5,891) | 4,985) | 5,069) | 4,778) | 7,604) | 5,291) | 5,678) | 6,442) | 4,225) | 3,544) | 3,286) | 3,323) | 3,680) | 3,076) | 4,010) | 2,953) | 4,145) | 3,769) | 4,753) | 4,311) | 4,900) | |||||||
| Liquidity Ratio | ||||||||||||||||||||||||||||
| Current ratio1 | 0.87 | 0.85 | 0.98 | 1.03 | 0.99 | 1.17 | 1.13 | 1.16 | 0.94 | 0.94 | 1.05 | 1.04 | 1.09 | 1.19 | 1.21 | 1.29 | 1.21 | 1.28 | 0.74 | 0.78 | 0.97 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Current Ratio, Competitors2 | ||||||||||||||||||||||||||||
| Coca-Cola Co. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Mondelēz International Inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| PepsiCo Inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Philip Morris International Inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-K (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30), 10-Q (reporting date: 2012-06-30), 10-Q (reporting date: 2012-03-31).
1 Q1 2017 Calculation
Current ratio = Current assets ÷ Current liabilities
= 5,103 ÷ 5,891 = 0.87
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. | Reynolds American Inc. current ratio deteriorated from Q3 2016 to Q4 2016 but then slightly improved from Q4 2016 to Q1 2017. |
Quick Ratio
Reynolds American Inc., quick ratio calculation (quarterly data)
| Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | Dec 31, 2014 | Sep 30, 2014 | Jun 30, 2014 | Mar 31, 2014 | Dec 31, 2013 | Sep 30, 2013 | Jun 30, 2013 | Mar 31, 2013 | Dec 31, 2012 | Sep 30, 2012 | Jun 30, 2012 | Mar 31, 2012 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Cash and cash equivalents | 3,154) | 2,051) | 1,898) | 1,918) | 4,441) | 2,567) | 2,920) | 4,013) | 1,615) | 966) | 1,289) | 1,313) | 1,826) | 1,500) | 2,694) | 1,664) | 2,778) | 2,502) | 1,243) | 1,005) | 2,396) | |||||||
| Short-term investments | —) | —) | 61) | 26) | 14) | 149) | 265) | 347) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | |||||||
| Accounts receivable | 55) | 66) | 37) | 89) | 80) | 68) | 62) | 145) | 118) | 116) | 89) | 98) | 100) | 106) | 84) | 105) | 104) | 87) | 95) | 111) | 90) | |||||||
| Accounts receivable, related party | 39) | 113) | 122) | 33) | 31) | 38) | 45) | 31) | 56) | 41) | 51) | 66) | 50) | 56) | 55) | 57) | 52) | 61) | 62) | 53) | 47) | |||||||
| Notes receivable | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | 1) | 1) | 37) | 37) | 36) | 34) | 35) | 35) | —) | —) | —) | |||||||
| Other receivables | 13) | 10) | 10) | 13) | 30) | 35) | 28) | 18) | 12) | 12) | 12) | 11) | 11) | 16) | 11) | 12) | 12) | 16) | 50) | 45) | 48) | |||||||
| Total quick assets | 3,261) | 2,240) | 2,128) | 2,079) | 4,596) | 2,857) | 3,320) | 4,554) | 1,801) | 1,135) | 1,442) | 1,489) | 2,024) | 1,715) | 2,880) | 1,872) | 2,981) | 2,701) | 1,450) | 1,214) | 2,581) | |||||||
| Current liabilities | 5,891) | 4,985) | 5,069) | 4,778) | 7,604) | 5,291) | 5,678) | 6,442) | 4,225) | 3,544) | 3,286) | 3,323) | 3,680) | 3,076) | 4,010) | 2,953) | 4,145) | 3,769) | 4,753) | 4,311) | 4,900) | |||||||
| Liquidity Ratio | ||||||||||||||||||||||||||||
| Quick ratio1 | 0.55 | 0.45 | 0.42 | 0.44 | 0.60 | 0.54 | 0.58 | 0.71 | 0.43 | 0.32 | 0.44 | 0.45 | 0.55 | 0.56 | 0.72 | 0.63 | 0.72 | 0.72 | 0.31 | 0.28 | 0.53 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Quick Ratio, Competitors2 | ||||||||||||||||||||||||||||
| Coca-Cola Co. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Mondelēz International Inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| PepsiCo Inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Philip Morris International Inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-K (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30), 10-Q (reporting date: 2012-06-30), 10-Q (reporting date: 2012-03-31).
1 Q1 2017 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 3,261 ÷ 5,891 = 0.55
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. | Reynolds American Inc. quick ratio improved from Q3 2016 to Q4 2016 and from Q4 2016 to Q1 2017. |
Cash Ratio
Reynolds American Inc., cash ratio calculation (quarterly data)
| Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | Dec 31, 2014 | Sep 30, 2014 | Jun 30, 2014 | Mar 31, 2014 | Dec 31, 2013 | Sep 30, 2013 | Jun 30, 2013 | Mar 31, 2013 | Dec 31, 2012 | Sep 30, 2012 | Jun 30, 2012 | Mar 31, 2012 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Cash and cash equivalents | 3,154) | 2,051) | 1,898) | 1,918) | 4,441) | 2,567) | 2,920) | 4,013) | 1,615) | 966) | 1,289) | 1,313) | 1,826) | 1,500) | 2,694) | 1,664) | 2,778) | 2,502) | 1,243) | 1,005) | 2,396) | |||||||
| Short-term investments | —) | —) | 61) | 26) | 14) | 149) | 265) | 347) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | |||||||
| Total cash assets | 3,154) | 2,051) | 1,959) | 1,944) | 4,455) | 2,716) | 3,185) | 4,360) | 1,615) | 966) | 1,289) | 1,313) | 1,826) | 1,500) | 2,694) | 1,664) | 2,778) | 2,502) | 1,243) | 1,005) | 2,396) | |||||||
| Current liabilities | 5,891) | 4,985) | 5,069) | 4,778) | 7,604) | 5,291) | 5,678) | 6,442) | 4,225) | 3,544) | 3,286) | 3,323) | 3,680) | 3,076) | 4,010) | 2,953) | 4,145) | 3,769) | 4,753) | 4,311) | 4,900) | |||||||
| Liquidity Ratio | ||||||||||||||||||||||||||||
| Cash ratio1 | 0.54 | 0.41 | 0.39 | 0.41 | 0.59 | 0.51 | 0.56 | 0.68 | 0.38 | 0.27 | 0.39 | 0.40 | 0.50 | 0.49 | 0.67 | 0.56 | 0.67 | 0.66 | 0.26 | 0.23 | 0.49 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Cash Ratio, Competitors2 | ||||||||||||||||||||||||||||
| Coca-Cola Co. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Mondelēz International Inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| PepsiCo Inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Philip Morris International Inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-K (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30), 10-Q (reporting date: 2012-06-30), 10-Q (reporting date: 2012-03-31).
1 Q1 2017 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 3,154 ÷ 5,891 = 0.54
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. | Reynolds American Inc. cash ratio improved from Q3 2016 to Q4 2016 and from Q4 2016 to Q1 2017. |