Comcast Corp. (CMCSA)
Analysis of Liquidity Ratios
Low level of difficulty
Liquidity ratios measure the company’s ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Comcast Corp., liquidity ratios
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | ||
|---|---|---|---|---|---|---|
| Current ratio | 0.79 | 0.74 | 0.76 | 0.68 | 0.78 | |
| Quick ratio | 0.54 | 0.56 | 0.52 | 0.51 | 0.59 | |
| Cash ratio | 0.14 | 0.16 | 0.15 | 0.13 | 0.22 |
Based on: 10-K (filing date: 2019-01-31), 10-K (filing date: 2018-01-31), 10-K (filing date: 2017-02-03), 10-K (filing date: 2016-02-05), 10-K (filing date: 2015-02-27).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Comcast Corp.’s current ratio deteriorated from 2016 to 2017 but then improved from 2017 to 2018 exceeding 2016 level. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Comcast Corp.’s quick ratio improved from 2016 to 2017 but then slightly deteriorated from 2017 to 2018. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Comcast Corp.’s cash ratio improved from 2016 to 2017 but then deteriorated significantly from 2017 to 2018. |
Current Ratio
Comcast Corp., current ratio calculation, comparison to benchmarks
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current assets | 21,848 | 16,060 | 16,361 | 12,303 | 13,531 | |
| Current liabilities | 27,603 | 21,561 | 21,535 | 18,178 | 17,410 | |
| Liquidity Ratio | ||||||
| Current ratio1 | 0.79 | 0.74 | 0.76 | 0.68 | 0.78 | |
| Benchmarks | ||||||
| Current Ratio, Competitors2 | ||||||
| Charter Communications Inc. | 0.23 | 0.23 | 0.34 | 0.17 | 0.23 | |
| Walt Disney Co. | 0.94 | 0.81 | 1.01 | 1.03 | 1.14 | |
| Current Ratio, Sector | ||||||
| Media | 0.72 | 0.66 | 0.76 | 0.81 | 0.90 | |
| Current Ratio, Industry | ||||||
| Consumer Services | 0.94 | 0.95 | 1.03 | 1.08 | 1.09 | |
Based on: 10-K (filing date: 2019-01-31), 10-K (filing date: 2018-01-31), 10-K (filing date: 2017-02-03), 10-K (filing date: 2016-02-05), 10-K (filing date: 2015-02-27).
1 2018 Calculation
Current ratio = Current assets ÷ Current liabilities
= 21,848 ÷ 27,603 = 0.79
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. | Comcast Corp.’s current ratio deteriorated from 2016 to 2017 but then improved from 2017 to 2018 exceeding 2016 level. |
Quick Ratio
Comcast Corp., quick ratio calculation, comparison to benchmarks
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Cash and cash equivalents | 3,814 | 3,428 | 3,301 | 2,295 | 3,910 | |
| Receivables, net | 11,104 | 8,546 | 7,955 | 6,896 | 6,321 | |
| Total quick assets | 14,918 | 11,974 | 11,256 | 9,191 | 10,231 | |
| Current liabilities | 27,603 | 21,561 | 21,535 | 18,178 | 17,410 | |
| Liquidity Ratio | ||||||
| Quick ratio1 | 0.54 | 0.56 | 0.52 | 0.51 | 0.59 | |
| Benchmarks | ||||||
| Quick Ratio, Competitors2 | ||||||
| Charter Communications Inc. | 0.19 | 0.20 | 0.31 | 0.14 | 0.18 | |
| Walt Disney Co. | 0.75 | 0.65 | 0.81 | 0.75 | 0.85 | |
| Quick Ratio, Sector | ||||||
| Media | 0.53 | 0.51 | 0.58 | 0.60 | 0.67 | |
| Quick Ratio, Industry | ||||||
| Consumer Services | 0.49 | 0.48 | 0.52 | 0.51 | 0.53 | |
Based on: 10-K (filing date: 2019-01-31), 10-K (filing date: 2018-01-31), 10-K (filing date: 2017-02-03), 10-K (filing date: 2016-02-05), 10-K (filing date: 2015-02-27).
1 2018 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 14,918 ÷ 27,603 = 0.54
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. | Comcast Corp.’s quick ratio improved from 2016 to 2017 but then slightly deteriorated from 2017 to 2018. |
Cash Ratio
Comcast Corp., cash ratio calculation, comparison to benchmarks
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Cash and cash equivalents | 3,814 | 3,428 | 3,301 | 2,295 | 3,910 | |
| Total cash assets | 3,814 | 3,428 | 3,301 | 2,295 | 3,910 | |
| Current liabilities | 27,603 | 21,561 | 21,535 | 18,178 | 17,410 | |
| Liquidity Ratio | ||||||
| Cash ratio1 | 0.14 | 0.16 | 0.15 | 0.13 | 0.22 | |
| Benchmarks | ||||||
| Cash Ratio, Competitors2 | ||||||
| Charter Communications Inc. | 0.05 | 0.06 | 0.16 | 0.00 | 0.00 | |
| Walt Disney Co. | 0.23 | 0.21 | 0.27 | 0.26 | 0.26 | |
| Cash Ratio, Sector | ||||||
| Media | 0.15 | 0.15 | 0.20 | 0.18 | 0.23 | |
| Cash Ratio, Industry | ||||||
| Consumer Services | 0.28 | 0.27 | 0.31 | 0.30 | 0.29 | |
Based on: 10-K (filing date: 2019-01-31), 10-K (filing date: 2018-01-31), 10-K (filing date: 2017-02-03), 10-K (filing date: 2016-02-05), 10-K (filing date: 2015-02-27).
1 2018 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 3,814 ÷ 27,603 = 0.14
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. | Comcast Corp.’s cash ratio improved from 2016 to 2017 but then deteriorated significantly from 2017 to 2018. |