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Bristol-Myers Squibb Co. (BMY) | Liquidity Analysis

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


Ratios (Summary)

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Bristol-Myers Squibb Co., liquidity ratios

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    Dec 31, 2010 Dec 31, 2009 Dec 31, 2008 Dec 31, 2007 Dec 31, 2006
Current ratio
Quick ratio
Cash ratio

Source: Based on data from Bristol-Myers Squibb Co. Annual Reports

Ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Bristol-Myers Squibb Co.'s current ratio improved from 2008 to 2009 but then deteriorated significantly from 2009 to 2010.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Bristol-Myers Squibb Co.'s quick ratio improved from 2008 to 2009 but then deteriorated significantly from 2009 to 2010.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Bristol-Myers Squibb Co.'s cash ratio improved from 2008 to 2009 but then deteriorated significantly from 2009 to 2010.

Current Ratio

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    Dec 31, 2010 Dec 31, 2009 Dec 31, 2008 Dec 31, 2007 Dec 31, 2006
  Selected Financial Data (USD $ in millions)
Current assets
Current liabilities
  Current Ratio, Comparison to Industry
Bristol-Myers Squibb Co.1
  Industry, Health Care

Source: Based on data from Bristol-Myers Squibb Co. Annual Reports

2010 Calculations

1 Current ratio = Current assets ÷ Current liabilities
= ÷ =

Ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Bristol-Myers Squibb Co.'s current ratio improved from 2008 to 2009 but then deteriorated significantly from 2009 to 2010.

Quick Ratio

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    Dec 31, 2010 Dec 31, 2009 Dec 31, 2008 Dec 31, 2007 Dec 31, 2006
  Selected Financial Data (USD $ in millions)
Cash and cash equivalents
Marketable securities
Net trade receivables
Alliance partners receivables
Miscellaneous receivables
Total quick assets
Current liabilities
  Quick Ratio, Comparison to Industry
Bristol-Myers Squibb Co.1
  Industry, Health Care

Source: Based on data from Bristol-Myers Squibb Co. Annual Reports

2010 Calculations

1 Quick ratio = Total quick assets ÷ Current liabilities
= ÷ =

Ratio Description The company
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Bristol-Myers Squibb Co.'s quick ratio improved from 2008 to 2009 but then deteriorated significantly from 2009 to 2010.

Cash Ratio

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    Dec 31, 2010 Dec 31, 2009 Dec 31, 2008 Dec 31, 2007 Dec 31, 2006
  Selected Financial Data (USD $ in millions)
Cash and cash equivalents
Marketable securities
Total cash assets
Current liabilities
  Cash Ratio, Comparison to Industry
Bristol-Myers Squibb Co.1
  Industry, Health Care

Source: Based on data from Bristol-Myers Squibb Co. Annual Reports

2010 Calculations

1 Cash ratio = Total cash assets ÷ Current liabilities
= ÷ =

Ratio Description The company
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Bristol-Myers Squibb Co.'s cash ratio improved from 2008 to 2009 but then deteriorated significantly from 2009 to 2010.

February 8, 2012

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