Analysis of Liquidity Ratios
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Walt Disney Co., liquidity ratios
Based on: 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-10-01), 10-K (reporting date: 2021-10-02), 10-K (reporting date: 2020-10-03), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Walt Disney Co. current ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Walt Disney Co. quick ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Walt Disney Co. cash ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Current Ratio
Walt Disney Co., current ratio calculation, comparison to benchmarks
| Sep 30, 2023 | Oct 1, 2022 | Oct 2, 2021 | Oct 3, 2020 | Sep 28, 2019 | Sep 29, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Current assets | 32,763) | 29,098) | 33,657) | 35,251) | 28,124) | 16,825) | |
| Current liabilities | 31,139) | 29,073) | 31,077) | 26,628) | 31,341) | 17,860) | |
| Liquidity Ratio | |||||||
| Current ratio1 | 1.05 | 1.00 | 1.08 | 1.32 | 0.90 | 0.94 | |
| Benchmarks | |||||||
| Current Ratio, Competitors2 | |||||||
| Alphabet Inc. | 2.10 | 2.38 | 2.93 | 3.07 | 3.37 | — | |
| Comcast Corp. | 0.60 | 0.78 | 0.85 | 0.93 | 0.84 | — | |
| Meta Platforms Inc. | 2.67 | 2.20 | 3.15 | 5.05 | 4.40 | — | |
| Netflix Inc. | 1.12 | 1.17 | 0.95 | 1.25 | 0.90 | — | |
| Current Ratio, Sector | |||||||
| Media & Entertainment | 1.67 | 1.76 | 2.08 | 2.38 | 2.16 | — | |
| Current Ratio, Industry | |||||||
| Communication Services | 1.30 | 1.28 | 1.41 | 1.74 | 1.49 | — | |
Based on: 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-10-01), 10-K (reporting date: 2021-10-02), 10-K (reporting date: 2020-10-03), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29).
1 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 32,763 ÷ 31,139 = 1.05
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. | Walt Disney Co. current ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
Quick Ratio
Walt Disney Co., quick ratio calculation, comparison to benchmarks
| Sep 30, 2023 | Oct 1, 2022 | Oct 2, 2021 | Oct 3, 2020 | Sep 28, 2019 | Sep 29, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Cash and cash equivalents | 14,182) | 11,615) | 15,959) | 17,914) | 5,418) | 4,150) | |
| Receivables, net | 12,330) | 12,652) | 13,367) | 12,708) | 15,481) | 9,334) | |
| Total quick assets | 26,512) | 24,267) | 29,326) | 30,622) | 20,899) | 13,484) | |
| Current liabilities | 31,139) | 29,073) | 31,077) | 26,628) | 31,341) | 17,860) | |
| Liquidity Ratio | |||||||
| Quick ratio1 | 0.85 | 0.83 | 0.94 | 1.15 | 0.67 | 0.75 | |
| Benchmarks | |||||||
| Quick Ratio, Competitors2 | |||||||
| Alphabet Inc. | 1.94 | 2.22 | 2.79 | 2.95 | 3.21 | — | |
| Comcast Corp. | 0.50 | 0.62 | 0.71 | 0.81 | 0.55 | — | |
| Meta Platforms Inc. | 2.55 | 2.01 | 2.94 | 4.89 | 4.28 | — | |
| Netflix Inc. | 1.07 | 1.12 | 0.91 | 1.22 | 0.87 | — | |
| Quick Ratio, Sector | |||||||
| Media & Entertainment | 1.53 | 1.61 | 1.94 | 2.25 | 1.97 | — | |
| Quick Ratio, Industry | |||||||
| Communication Services | 1.11 | 1.08 | 1.22 | 1.53 | 1.26 | — | |
Based on: 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-10-01), 10-K (reporting date: 2021-10-02), 10-K (reporting date: 2020-10-03), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29).
1 2023 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 26,512 ÷ 31,139 = 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. | Walt Disney Co. quick ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Cash Ratio
Walt Disney Co., cash ratio calculation, comparison to benchmarks
| Sep 30, 2023 | Oct 1, 2022 | Oct 2, 2021 | Oct 3, 2020 | Sep 28, 2019 | Sep 29, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Cash and cash equivalents | 14,182) | 11,615) | 15,959) | 17,914) | 5,418) | 4,150) | |
| Total cash assets | 14,182) | 11,615) | 15,959) | 17,914) | 5,418) | 4,150) | |
| Current liabilities | 31,139) | 29,073) | 31,077) | 26,628) | 31,341) | 17,860) | |
| Liquidity Ratio | |||||||
| Cash ratio1 | 0.46 | 0.40 | 0.51 | 0.67 | 0.17 | 0.23 | |
| Benchmarks | |||||||
| Cash Ratio, Competitors2 | |||||||
| Alphabet Inc. | 1.36 | 1.64 | 2.17 | 2.41 | 2.65 | — | |
| Comcast Corp. | 0.15 | 0.17 | 0.30 | 0.41 | 0.18 | — | |
| Meta Platforms Inc. | 2.05 | 1.51 | 2.27 | 4.14 | 3.64 | — | |
| Netflix Inc. | 0.81 | 0.76 | 0.71 | 1.05 | 0.73 | — | |
| Cash Ratio, Sector | |||||||
| Media & Entertainment | 1.05 | 1.10 | 1.42 | 1.75 | 1.48 | — | |
| Cash Ratio, Industry | |||||||
| Communication Services | 0.68 | 0.64 | 0.80 | 1.07 | 0.81 | — | |
Based on: 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-10-01), 10-K (reporting date: 2021-10-02), 10-K (reporting date: 2020-10-03), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29).
1 2023 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 14,182 ÷ 31,139 = 0.46
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. | Walt Disney Co. cash ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |