Analysis of Liquidity Ratios
Quarterly Data
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Waste Management Inc., liquidity ratios (quarterly data)
Based on: 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Waste Management Inc. current ratio deteriorated from Q2 2021 to Q3 2021 and from Q3 2021 to Q4 2021. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Waste Management Inc. quick ratio deteriorated from Q2 2021 to Q3 2021 and from Q3 2021 to Q4 2021. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Waste Management Inc. cash ratio deteriorated from Q2 2021 to Q3 2021 but then slightly improved from Q3 2021 to Q4 2021. |
Current Ratio
Waste Management Inc., current ratio calculation (quarterly data)
| Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Current assets | 3,069) | 3,184) | 3,226) | 3,327) | 3,540) | 3,357) | 5,106) | 5,635) | 6,209) | 5,560) | 4,836) | 2,488) | 2,645) | 2,675) | 2,471) | 2,491) | 2,624) | 2,300) | 2,326) | 2,223) | ||||||
| Current liabilities | 4,082) | 4,102) | 3,683) | 3,285) | 3,553) | 2,806) | 5,772) | 3,070) | 3,144) | 2,989) | 2,846) | 3,612) | 3,108) | 3,070) | 3,305) | 3,373) | 3,262) | 3,259) | 2,770) | 2,558) | ||||||
| Liquidity Ratio | ||||||||||||||||||||||||||
| Current ratio1 | 0.75 | 0.78 | 0.88 | 1.01 | 1.00 | 1.20 | 0.88 | 1.84 | 1.97 | 1.86 | 1.70 | 0.69 | 0.85 | 0.87 | 0.75 | 0.74 | 0.80 | 0.71 | 0.84 | 0.87 | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Current Ratio, Competitors2 | ||||||||||||||||||||||||||
| Cintas Corp. | 1.47 | 2.34 | 2.06 | 2.44 | 2.61 | 2.34 | 1.92 | 2.04 | 1.98 | 2.24 | 1.99 | 3.10 | — | — | — | — | — | — | — | — | ||||||
Based on: 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q4 2021 Calculation
Current ratio = Current assets ÷ Current liabilities
= 3,069 ÷ 4,082 = 0.75
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. | Waste Management Inc. current ratio deteriorated from Q2 2021 to Q3 2021 and from Q3 2021 to Q4 2021. |
Quick Ratio
Waste Management Inc., quick ratio calculation (quarterly data)
| Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Cash and cash equivalents | 118) | 116) | 148) | 476) | 553) | 703) | 2,663) | 3,125) | 3,561) | 2,915) | 2,250) | 57) | 61) | 83) | 47) | 52) | 22) | 35) | 32) | 30) | ||||||
| Accounts receivable, net of allowance for doubtful accounts | 2,278) | 2,323) | 2,195) | 2,025) | 2,097) | 1,927) | 1,888) | 1,846) | 1,949) | 2,010) | 2,017) | 1,830) | 1,931) | 1,943) | 1,838) | 1,700) | 1,805) | 1,790) | 1,772) | 1,634) | ||||||
| Other receivables, net of allowance for doubtful accounts | 268) | 346) | 450) | 402) | 527) | 290) | 219) | 322) | 370) | 270) | 243) | 251) | 344) | 399) | 351) | 504) | 569) | 212) | 305) | 338) | ||||||
| Total quick assets | 2,664) | 2,785) | 2,793) | 2,903) | 3,177) | 2,920) | 4,770) | 5,293) | 5,880) | 5,195) | 4,510) | 2,138) | 2,336) | 2,425) | 2,236) | 2,256) | 2,396) | 2,037) | 2,109) | 2,002) | ||||||
| Current liabilities | 4,082) | 4,102) | 3,683) | 3,285) | 3,553) | 2,806) | 5,772) | 3,070) | 3,144) | 2,989) | 2,846) | 3,612) | 3,108) | 3,070) | 3,305) | 3,373) | 3,262) | 3,259) | 2,770) | 2,558) | ||||||
| Liquidity Ratio | ||||||||||||||||||||||||||
| Quick ratio1 | 0.65 | 0.68 | 0.76 | 0.88 | 0.89 | 1.04 | 0.83 | 1.72 | 1.87 | 1.74 | 1.58 | 0.59 | 0.75 | 0.79 | 0.68 | 0.67 | 0.73 | 0.63 | 0.76 | 0.78 | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Quick Ratio, Competitors2 | ||||||||||||||||||||||||||
| Cintas Corp. | 0.72 | 1.17 | 1.07 | 1.18 | 1.15 | 1.10 | 0.91 | 0.91 | 0.89 | 0.96 | 0.89 | 1.41 | — | — | — | — | — | — | — | — | ||||||
Based on: 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q4 2021 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 2,664 ÷ 4,082 = 0.65
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. | Waste Management Inc. quick ratio deteriorated from Q2 2021 to Q3 2021 and from Q3 2021 to Q4 2021. |
Cash Ratio
Waste Management Inc., cash ratio calculation (quarterly data)
| Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Cash and cash equivalents | 118) | 116) | 148) | 476) | 553) | 703) | 2,663) | 3,125) | 3,561) | 2,915) | 2,250) | 57) | 61) | 83) | 47) | 52) | 22) | 35) | 32) | 30) | ||||||
| Total cash assets | 118) | 116) | 148) | 476) | 553) | 703) | 2,663) | 3,125) | 3,561) | 2,915) | 2,250) | 57) | 61) | 83) | 47) | 52) | 22) | 35) | 32) | 30) | ||||||
| Current liabilities | 4,082) | 4,102) | 3,683) | 3,285) | 3,553) | 2,806) | 5,772) | 3,070) | 3,144) | 2,989) | 2,846) | 3,612) | 3,108) | 3,070) | 3,305) | 3,373) | 3,262) | 3,259) | 2,770) | 2,558) | ||||||
| Liquidity Ratio | ||||||||||||||||||||||||||
| Cash ratio1 | 0.03 | 0.03 | 0.04 | 0.14 | 0.16 | 0.25 | 0.46 | 1.02 | 1.13 | 0.98 | 0.79 | 0.02 | 0.02 | 0.03 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Cash Ratio, Competitors2 | ||||||||||||||||||||||||||
| Cintas Corp. | 0.26 | 0.44 | 0.47 | 0.39 | 0.16 | 0.22 | 0.17 | 0.09 | 0.09 | 0.08 | 0.08 | 0.17 | — | — | — | — | — | — | — | — | ||||||
Based on: 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q4 2021 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 118 ÷ 4,082 = 0.03
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. | Waste Management Inc. cash ratio deteriorated from Q2 2021 to Q3 2021 but then slightly improved from Q3 2021 to Q4 2021. |