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Abbott Laboratories (ABT) | Liquidity Analysis

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Liquidity ratios measure the company's ability to meet its short-term obligations.


Ratios (Summary)

Abbott Laboratories, liquidity ratios

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    Dec 31, 2011 Dec 31, 2010 Dec 31, 2009 Dec 31, 2008 Dec 31, 2007
chart Current ratio 1.54 1.29 1.79 1.47 1.54
chart Quick ratio 1.02 0.84 1.26 0.91 0.85
chart Cash ratio 0.52 0.42 0.76 0.44 0.31

Source: Based on data from Abbott Laboratories Annual Reports

Ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Abbott Laboratories's current ratio deteriorated from 2009 to 2010 but then slightly improved from 2010 to 2011.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Abbott Laboratories's quick ratio deteriorated from 2009 to 2010 but then slightly improved from 2010 to 2011.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Abbott Laboratories's cash ratio deteriorated from 2009 to 2010 but then slightly improved from 2010 to 2011.

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Current Ratio

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    Dec 31, 2011 Dec 31, 2010 Dec 31, 2009 Dec 31, 2008 Dec 31, 2007
  Selected Financial Data (USD $ in thousands)
chart Current assets 23,768,774  22,317,529  23,313,891  17,042,559  14,042,733 
chart Current liabilities 15,480,228  17,262,434  13,049,489  11,591,908  9,103,278 
  Current Ratio, Comparison to Industry
chart Abbott Laboratories1 1.54 1.29 1.79 1.47 1.54
  Industry, Health Care 1.59 1.62 1.64 1.44 1.49

Source: Based on data from Abbott Laboratories Annual Reports

2011 Calculations

1 Current ratio = Current assets ÷ Current liabilities
= 23,768,774  ÷ 15,480,228  = 1.54

Ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Abbott Laboratories's current ratio deteriorated from 2009 to 2010 but then slightly improved from 2010 to 2011.

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Quick Ratio

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    Dec 31, 2011 Dec 31, 2010 Dec 31, 2009 Dec 31, 2008 Dec 31, 2007
  Selected Financial Data (USD $ in thousands)
chart Cash and cash equivalents 6,812,820  3,648,371  8,809,339  4,112,022  2,456,384 
chart Restricted funds, primarily U.S. treasury bills – 1,872,490  – – –
chart Investments, primarily time deposits and certificates of deposit 1,284,539  1,803,079  1,122,709  967,603  364,443 
chart Trade receivables, less allowances 7,683,920  7,184,034  6,541,941  5,465,660  4,946,876 
chart Total quick assets 15,781,279  14,507,974  16,473,989  10,545,285  7,767,703 
chart Current liabilities 15,480,228  17,262,434  13,049,489  11,591,908  9,103,278 
  Quick Ratio, Comparison to Industry
chart Abbott Laboratories1 1.02 0.84 1.26 0.91 0.85
  Industry, Health Care 1.15 1.15 1.13 0.99 1.04

Source: Based on data from Abbott Laboratories Annual Reports

2011 Calculations

1 Quick ratio = Total quick assets ÷ Current liabilities
= 15,781,279  ÷ 15,480,228  = 1.02

Ratio Description The company
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Abbott Laboratories's quick ratio deteriorated from 2009 to 2010 but then slightly improved from 2010 to 2011.

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Cash Ratio

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    Dec 31, 2011 Dec 31, 2010 Dec 31, 2009 Dec 31, 2008 Dec 31, 2007
  Selected Financial Data (USD $ in thousands)
chart Cash and cash equivalents 6,812,820  3,648,371  8,809,339  4,112,022  2,456,384 
chart Restricted funds, primarily U.S. treasury bills – 1,872,490  – – –
chart Investments, primarily time deposits and certificates of deposit 1,284,539  1,803,079  1,122,709  967,603  364,443 
chart Total cash assets 8,097,359  7,323,940  9,932,048  5,079,625  2,820,827 
chart Current liabilities 15,480,228  17,262,434  13,049,489  11,591,908  9,103,278 
  Cash Ratio, Comparison to Industry
chart Abbott Laboratories1 0.52 0.42 0.76 0.44 0.31
  Industry, Health Care 0.69 0.70 0.69 0.56 0.59

Source: Based on data from Abbott Laboratories Annual Reports

2011 Calculations

1 Cash ratio = Total cash assets ÷ Current liabilities
= 8,097,359  ÷ 15,480,228  = 0.52

Ratio Description The company
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Abbott Laboratories's cash ratio deteriorated from 2009 to 2010 but then slightly improved from 2010 to 2011.

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May 19, 2012

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