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

Comcast Corp., liquidity ratios (quarterly data)

	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016	Sep 30, 2016	Jun 30, 2016	Mar 31, 2016	Dec 31, 2015	Sep 30, 2015	Jun 30, 2015	Mar 31, 2015
Current ratio	0.87	0.84	0.86	0.69	0.73	0.79	1.18	0.96	0.98	0.74	0.74	0.67	0.80	0.76	0.84	0.84	0.80	0.68	0.66	0.76	0.70
Quick ratio	0.70	0.55	0.55	0.48	0.51	0.54	1.00	0.77	0.77	0.56	0.56	0.47	0.61	0.52	0.57	0.65	0.63	0.51	0.49	0.60	0.54
Cash ratio	0.31	0.18	0.13	0.13	0.13	0.14	0.54	0.30	0.31	0.16	0.19	0.12	0.21	0.15	0.16	0.27	0.29	0.13	0.11	0.20	0.21

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 Q3 2019 to Q4 2019 but then improved from Q4 2019 to Q1 2020 exceeding Q3 2019 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 Q3 2019 to Q4 2019 and from Q4 2019 to Q1 2020.
Cash ratio	A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities.	Comcast Corp.’s cash ratio improved from Q3 2019 to Q4 2019 and from Q4 2019 to Q1 2020.

Comcast Corp., current ratio calculation (quarterly data)

	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016	Sep 30, 2016	Jun 30, 2016	Mar 31, 2016	Dec 31, 2015	Sep 30, 2015	Jun 30, 2015	Mar 31, 2015
Selected Financial Data (US$ in millions)
Current assets	24,084	25,392	22,323	21,361	20,273	21,848	23,206	18,215	18,753	16,060	15,960	14,832	15,245	16,361	15,228	14,777	15,180	12,303	11,501	13,319	12,921
Current liabilities	27,600	30,292	25,989	31,008	27,917	27,603	19,627	19,007	19,179	21,561	21,449	22,276	19,074	21,535	18,038	17,601	19,084	18,178	17,359	17,565	18,502
Liquidity Ratio
Current ratio¹	0.87	0.84	0.86	0.69	0.73	0.79	1.18	0.96	0.98	0.74	0.74	0.67	0.80	0.76	0.84	0.84	0.80	0.68	0.66	0.76	0.70
Benchmarks
Current Ratio, Competitors²
Charter Communications Inc.	0.44	0.52	0.28	0.34	0.31	0.23	0.23	0.20	0.21	0.23	0.40	0.32	0.49	0.34	0.32	0.26	0.84	0.17	0.22	0.28	0.88
Netflix Inc.	0.82	0.90	0.73	0.85	0.61	1.49	1.39	1.54	1.30	1.40	1.20	1.31	1.15	1.25	1.18	1.33	1.41	1.54	1.67	1.74	1.84
Walt Disney Co.	0.80	0.90	0.70	0.77	1.00	0.94	0.88	0.85	0.87	0.81	1.00	0.94	0.86	1.01	0.97	1.00	0.95	1.03	1.11	1.17	1.03

¹ Q1 2020 Calculation
Current ratio = Current assets ÷ Current liabilities
= 24,084 ÷ 27,600 = 0.87

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 Q3 2019 to Q4 2019 but then improved from Q4 2019 to Q1 2020 exceeding Q3 2019 level.

Comcast Corp., quick ratio calculation (quarterly data)

	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016	Sep 30, 2016	Jun 30, 2016	Mar 31, 2016	Dec 31, 2015	Sep 30, 2015	Jun 30, 2015	Mar 31, 2015
Selected Financial Data (US$ in millions)
Cash and cash equivalents	8,516	5,500	3,507	3,919	3,498	3,814	10,616	5,726	6,030	3,428	4,114	2,693	4,022	3,301	2,807	4,665	5,628	2,295	1,893	3,486	3,937
Receivables, net	10,800	11,292	10,684	10,835	10,736	11,104	8,983	8,847	8,759	8,546	7,915	7,849	7,525	7,955	7,533	6,708	6,375	6,896	6,527	7,016	6,144
Total quick assets	19,316	16,792	14,191	14,754	14,234	14,918	19,599	14,573	14,789	11,974	12,029	10,542	11,547	11,256	10,340	11,373	12,003	9,191	8,420	10,502	10,081

Current liabilities	27,600	30,292	25,989	31,008	27,917	27,603	19,627	19,007	19,179	21,561	21,449	22,276	19,074	21,535	18,038	17,601	19,084	18,178	17,359	17,565	18,502
Liquidity Ratio
Quick ratio¹	0.70	0.55	0.55	0.48	0.51	0.54	1.00	0.77	0.77	0.56	0.56	0.47	0.61	0.52	0.57	0.65	0.63	0.51	0.49	0.60	0.54
Benchmarks
Quick Ratio, Competitors²
Charter Communications Inc.	0.38	0.46	0.23	0.28	0.25	0.19	0.20	0.17	0.17	0.20	0.37	0.27	0.44	0.31	0.28	0.22	0.80	0.14	0.16	0.21	0.86
Netflix Inc.	0.72	0.80	0.68	0.79	0.55	0.64	0.49	0.64	0.43	0.52	0.33	0.42	0.27	0.38	0.30	0.45	0.53	0.65	0.78	0.87	0.98
Walt Disney Co.	0.69	0.67	0.50	0.56	0.83	0.75	0.71	0.70	0.73	0.65	0.82	0.75	0.70	0.81	0.78	0.81	0.78	0.75	0.84	0.89	0.81

¹ Q1 2020 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 19,316 ÷ 27,600 = 0.70

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 Q3 2019 to Q4 2019 and from Q4 2019 to Q1 2020.

Comcast Corp., cash ratio calculation (quarterly data)

	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016	Sep 30, 2016	Jun 30, 2016	Mar 31, 2016	Dec 31, 2015	Sep 30, 2015	Jun 30, 2015	Mar 31, 2015
Selected Financial Data (US$ in millions)
Cash and cash equivalents	8,516	5,500	3,507	3,919	3,498	3,814	10,616	5,726	6,030	3,428	4,114	2,693	4,022	3,301	2,807	4,665	5,628	2,295	1,893	3,486	3,937
Total cash assets	8,516	5,500	3,507	3,919	3,498	3,814	10,616	5,726	6,030	3,428	4,114	2,693	4,022	3,301	2,807	4,665	5,628	2,295	1,893	3,486	3,937

Current liabilities	27,600	30,292	25,989	31,008	27,917	27,603	19,627	19,007	19,179	21,561	21,449	22,276	19,074	21,535	18,038	17,601	19,084	18,178	17,359	17,565	18,502
Liquidity Ratio
Cash ratio¹	0.31	0.18	0.13	0.13	0.13	0.14	0.54	0.30	0.31	0.16	0.19	0.12	0.21	0.15	0.16	0.27	0.29	0.13	0.11	0.20	0.21
Benchmarks
Cash Ratio, Competitors²
Charter Communications Inc.	0.22	0.28	0.04	0.07	0.12	0.05	0.05	0.06	0.05	0.06	0.21	0.09	0.31	0.16	0.13	0.06	0.66	0.00	0.00	0.02	0.83
Netflix Inc.	0.66	0.73	0.61	0.72	0.49	0.58	0.49	0.64	0.43	0.52	0.33	0.42	0.27	0.38	0.30	0.45	0.53	0.65	0.78	0.87	0.98
Walt Disney Co.	0.20	0.17	0.15	0.23	0.25	0.23	0.21	0.21	0.24	0.21	0.25	0.22	0.19	0.27	0.29	0.29	0.23	0.26	0.30	0.28	0.30

¹ Q1 2020 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 8,516 ÷ 27,600 = 0.31

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 Q3 2019 to Q4 2019 and from Q4 2019 to Q1 2020.

Comcast Corp. (NASDAQ:CMCSA)

Analysis of Liquidity Ratios
Quarterly Data