Stock Analysis on Net

Comcast Corp. (NASDAQ:CMCSA)

Current Ratio 
since 2005

Microsoft Excel

Calculation

Comcast Corp., current ratio, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in millions


Current Assets
The current assets exhibit considerable volatility over the analyzed period. Starting at $2,594 million in 2005, there is a notable increase to $5,202 million in 2006, followed by a decline and fluctuations through 2009. From 2010 onwards, current assets generally show an upward trend, peaking at $26,741 million in 2020. Subsequently, a decline occurs, reaching $21,826 million in 2022, but a recovery is observed with assets rising again to $26,801 million by 2024. This pattern suggests fluctuating liquidity positions with periods of significant asset accumulation, especially notable in the early 2010s and early 2020s.
Current Liabilities
Current liabilities have steadily increased over the period, starting at $6,269 million in 2005 and rising to $7,440 million in 2006. The upward trend remains consistent, with liabilities escalating sharply in the later years, reaching $27,887 million in 2022, surging to $40,198 million in 2023, and slightly decreasing to $39,581 million in 2024. This steady and significant growth in current liabilities indicates increasing short-term obligations, which may impact liquidity and financial flexibility.
Current Ratio
The current ratio, reflecting short-term liquidity, remains below 1 throughout the entire period, indicating that current liabilities consistently exceed current assets. The ratio fluctuates significantly, starting at 0.41 in 2005, improving to a peak of 1.2 in 2012, signifying optimal liquidity during that year. However, the ratio declines after 2012, falling as low as 0.6 in 2023 before a slight recovery to 0.68 in 2024. This indicates that, despite periods of improvement, the company's ability to cover short-term liabilities with current assets remains constrained in most years.
Overall Insights
The analysis reveals a pattern of increasing current liabilities outpacing current assets, resulting in a generally weak current ratio. While current assets show substantial growth and volatility, current liabilities' sharp and sustained increase exerts pressure on liquidity. The peak in the current ratio around 2012 highlights a brief period of improved short-term solvency, but the subsequent decline suggests growing liquidity risk. Continuous monitoring of working capital management is advisable to mitigate potential liquidity challenges.

Comparison to Competitors

Comcast Corp., current ratio, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).


Comparison to Sector (Media & Entertainment)

Comcast Corp., current ratio, long-term trends, comparison to sector (media & entertainment)

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).


Comparison to Industry (Communication Services)

Comcast Corp., current ratio, long-term trends, comparison to industry (communication services)

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).