Analysis of Liquidity Ratios
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Toyota Motor Corp., liquidity ratios
Based on: 20-F (reporting date: 2015-03-31), 20-F (reporting date: 2014-03-31), 20-F (reporting date: 2013-03-31), 20-F (reporting date: 2012-03-31), 20-F (reporting date: 2011-03-31), 20-F (reporting date: 2010-03-31).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Toyota Motor Corp. current ratio improved from 2013 to 2014 and from 2014 to 2015. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Toyota Motor Corp. quick ratio improved from 2013 to 2014 and from 2014 to 2015. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Toyota Motor Corp. cash ratio improved from 2013 to 2014 and from 2014 to 2015. |
Current Ratio
Toyota Motor Corp., current ratio calculation, comparison to benchmarks
| Mar 31, 2015 | Mar 31, 2014 | Mar 31, 2013 | Mar 31, 2012 | Mar 31, 2011 | Mar 31, 2010 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions, translated from JPY ￥) | |||||||
| Current assets | 149,520) | 152,629) | 146,399) | 149,911) | 142,270) | 140,516) | |
| Current liabilities | 136,975) | 142,559) | 137,134) | 143,346) | 129,777) | 114,856) | |
| Liquidity Ratio | |||||||
| Current ratio1 | 1.09 | 1.07 | 1.07 | 1.05 | 1.10 | 1.22 | |
| Benchmarks | |||||||
| Current Ratio, Competitors2 | |||||||
| Ford Motor Co. | — | — | — | — | — | — | |
| General Motors Co. | — | — | — | — | — | — | |
| Tesla Inc. | — | — | — | — | — | — | |
Based on: 20-F (reporting date: 2015-03-31), 20-F (reporting date: 2014-03-31), 20-F (reporting date: 2013-03-31), 20-F (reporting date: 2012-03-31), 20-F (reporting date: 2011-03-31), 20-F (reporting date: 2010-03-31).
1 2015 Calculation
Current ratio = Current assets ÷ Current liabilities
= 149,520 ÷ 136,975 = 1.09
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. | Toyota Motor Corp. current ratio improved from 2013 to 2014 and from 2014 to 2015. |
Quick Ratio
Toyota Motor Corp., quick ratio calculation, comparison to benchmarks
| Mar 31, 2015 | Mar 31, 2014 | Mar 31, 2013 | Mar 31, 2012 | Mar 31, 2011 | Mar 31, 2010 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions, translated from JPY ￥) | |||||||
| Cash and cash equivalents | 19,044) | 19,821) | 18,249) | 20,431) | 25,024) | 20,053) | |
| Time deposits | 1,245) | 1,750) | 1,133) | 977) | 2,452) | 4,221) | |
| Marketable securities | 23,192) | 19,876) | 15,353) | 14,370) | 14,738) | 19,273) | |
| Trade accounts and notes receivable, less allowance for doubtful accounts | 17,578) | 19,773) | 20,939) | 24,332) | 17,428) | 20,274) | |
| Finance receivables, net | 52,266) | 54,660) | 54,351) | 50,066) | 49,751) | 45,244) | |
| Other receivables | 3,507) | 3,410) | 4,595) | 4,971) | 3,683) | 3,873) | |
| Total quick assets | 116,832) | 119,291) | 114,621) | 115,146) | 113,075) | 112,938) | |
| Current liabilities | 136,975) | 142,559) | 137,134) | 143,346) | 129,777) | 114,856) | |
| Liquidity Ratio | |||||||
| Quick ratio1 | 0.85 | 0.84 | 0.84 | 0.80 | 0.87 | 0.98 | |
| Benchmarks | |||||||
| Quick Ratio, Competitors2 | |||||||
| Ford Motor Co. | — | — | — | — | — | — | |
| General Motors Co. | — | — | — | — | — | — | |
| Tesla Inc. | — | — | — | — | — | — | |
Based on: 20-F (reporting date: 2015-03-31), 20-F (reporting date: 2014-03-31), 20-F (reporting date: 2013-03-31), 20-F (reporting date: 2012-03-31), 20-F (reporting date: 2011-03-31), 20-F (reporting date: 2010-03-31).
1 2015 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 116,832 ÷ 136,975 = 0.85
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. | Toyota Motor Corp. quick ratio improved from 2013 to 2014 and from 2014 to 2015. |
Cash Ratio
Toyota Motor Corp., cash ratio calculation, comparison to benchmarks
| Mar 31, 2015 | Mar 31, 2014 | Mar 31, 2013 | Mar 31, 2012 | Mar 31, 2011 | Mar 31, 2010 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions, translated from JPY ￥) | |||||||
| Cash and cash equivalents | 19,044) | 19,821) | 18,249) | 20,431) | 25,024) | 20,053) | |
| Time deposits | 1,245) | 1,750) | 1,133) | 977) | 2,452) | 4,221) | |
| Marketable securities | 23,192) | 19,876) | 15,353) | 14,370) | 14,738) | 19,273) | |
| Total cash assets | 43,481) | 41,447) | 34,735) | 35,778) | 42,213) | 43,547) | |
| Current liabilities | 136,975) | 142,559) | 137,134) | 143,346) | 129,777) | 114,856) | |
| Liquidity Ratio | |||||||
| Cash ratio1 | 0.32 | 0.29 | 0.25 | 0.25 | 0.33 | 0.38 | |
| Benchmarks | |||||||
| Cash Ratio, Competitors2 | |||||||
| Ford Motor Co. | — | — | — | — | — | — | |
| General Motors Co. | — | — | — | — | — | — | |
| Tesla Inc. | — | — | — | — | — | — | |
Based on: 20-F (reporting date: 2015-03-31), 20-F (reporting date: 2014-03-31), 20-F (reporting date: 2013-03-31), 20-F (reporting date: 2012-03-31), 20-F (reporting date: 2011-03-31), 20-F (reporting date: 2010-03-31).
1 2015 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 43,481 ÷ 136,975 = 0.32
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. | Toyota Motor Corp. cash ratio improved from 2013 to 2014 and from 2014 to 2015. |