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

Comcast Corp., liquidity ratios (quarterly data)

	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	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
Current ratio	0.96	0.93	0.93	0.97	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
Quick ratio	0.84	0.81	0.81	0.85	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
Cash ratio	0.49	0.41	0.46	0.49	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

Liquidity ratio	Description	The company
Current ratio	A liquidity ratio calculated as current assets divided by current liabilities.	Comcast Corp.’s current ratio improved from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.
Quick ratio	A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities.	Comcast Corp.’s quick ratio deteriorated from Q3 2020 to Q4 2020 but then improved from Q4 2020 to Q1 2021 exceeding Q3 2020 level.
Cash ratio	A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities.	Comcast Corp.’s cash ratio deteriorated from Q3 2020 to Q4 2020 but then improved from Q4 2020 to Q1 2021 exceeding Q3 2020 level.

Comcast Corp., current ratio calculation (quarterly data)

	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	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
Selected Financial Data (US$ in millions)
Current assets	29,438	26,741	27,369	27,485	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
Current liabilities	30,811	28,796	29,511	28,445	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
Liquidity Ratio
Current ratio¹	0.96	0.93	0.93	0.97	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
Benchmarks
Current Ratio, Competitors²
Charter Communications Inc.	0.37	0.40	0.40	0.52	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
Netflix Inc.	1.27	1.25	1.24	1.12	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
Walt Disney Co.	1.31	1.32	1.34	0.94	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 Q1 2021 Calculation
Current ratio = Current assets ÷ Current liabilities
= 29,438 ÷ 30,811 = 0.96

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 improved from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.

Comcast Corp., quick ratio calculation (quarterly data)

	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	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
Selected Financial Data (US$ in millions)
Cash and cash equivalents	14,950	11,740	13,707	13,935	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
Receivables, net	10,986	11,466	10,310	10,227	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
Total quick assets	25,936	23,206	24,017	24,162	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

Current liabilities	30,811	28,796	29,511	28,445	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
Liquidity Ratio
Quick ratio¹	0.84	0.81	0.81	0.85	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
Benchmarks
Quick Ratio, Competitors²
Charter Communications Inc.	0.32	0.32	0.33	0.45	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
Netflix Inc.	1.06	1.05	1.06	0.94	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
Walt Disney Co.	1.17	1.15	1.16	0.81	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

¹ Q1 2021 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 25,936 ÷ 30,811 = 0.84

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 deteriorated from Q3 2020 to Q4 2020 but then improved from Q4 2020 to Q1 2021 exceeding Q3 2020 level.

Comcast Corp., cash ratio calculation (quarterly data)

	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	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
Selected Financial Data (US$ in millions)
Cash and cash equivalents	14,950	11,740	13,707	13,935	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
Total cash assets	14,950	11,740	13,707	13,935	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

Current liabilities	30,811	28,796	29,511	28,445	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
Liquidity Ratio
Cash ratio¹	0.49	0.41	0.46	0.49	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
Benchmarks
Cash Ratio, Competitors²
Charter Communications Inc.	0.08	0.10	0.13	0.23	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
Netflix Inc.	1.06	1.05	1.06	0.94	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
Walt Disney Co.	0.64	0.67	0.75	0.40	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

¹ Q1 2021 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 14,950 ÷ 30,811 = 0.49

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 deteriorated from Q3 2020 to Q4 2020 but then improved from Q4 2020 to Q1 2021 exceeding Q3 2020 level.

Comcast Corp. (NASDAQ:CMCSA)

Analysis of Liquidity Ratios
Quarterly Data