Analysis of Liquidity Ratios
Quarterly Data
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Comcast Corp., liquidity ratios (quarterly data)
Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31).
The liquidity profile exhibits a U-shaped trend across the analyzed period, characterized by a steady decline from early 2022 to a trough in early 2024, followed by a recovery peaking in mid-2025. Throughout the entire sequence, all liquidity ratios remain below 1.0, indicating that current liabilities consistently exceed current assets.
- Current Ratio
- A downward trajectory is observed from March 2022 (0.86) through March 2024, where the ratio reached its lowest point of 0.59. A recovery phase began in 2024, culminating in a peak of 0.91 by June 2025. The ratio subsequently stabilized, ending at 0.80 in June 2026.
- Quick Ratio
- The quick ratio closely mirrors the movement of the current ratio, declining from 0.71 in March 2022 to a minimum of 0.49 in March 2024. A subsequent increase led to a return to 0.71 by June 2025 and March 2026, before a final dip to 0.65 in June 2026. The consistent gap between the current and quick ratios suggests a stable presence of less liquid current assets throughout the period.
- Cash Ratio
- Cash liquidity showed significant volatility, dropping from 0.30 in March 2022 to a low of 0.15 in December 2023. This metric recovered to its initial level of 0.30 by June 2025, followed by a gradual decrease to 0.23 by June 2026.
The synchronization across all three metrics suggests that the fluctuations in liquidity were driven by systemic changes in the balance sheet structure rather than shifts in specific asset classes. The recovery observed between 2024 and 2025 indicates a temporary improvement in the ability to meet short-term obligations, although the overall liquidity position remains constrained.
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Current Ratio
Comcast Corp., current ratio calculation (quarterly data)
| Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||
| Current assets | 26,335) | 28,822) | 29,567) | 28,857) | 29,036) | 27,314) | 26,801) | 27,186) | 23,452) | 23,978) | 23,987) | 24,141) | 24,922) | 22,377) | 21,826) | 23,416) | 24,192) | 25,381) | ||||||
| Current liabilities | 33,093) | 33,308) | 33,524) | 32,702) | 31,792) | 42,325) | 39,581) | 37,786) | 35,342) | 40,324) | 40,198) | 34,468) | 32,925) | 32,415) | 27,887) | 27,999) | 27,585) | 29,657) | ||||||
| Liquidity Ratio | ||||||||||||||||||||||||
| Current ratio1 | 0.80 | 0.87 | 0.88 | 0.88 | 0.91 | 0.65 | 0.68 | 0.72 | 0.66 | 0.59 | 0.60 | 0.70 | 0.76 | 0.69 | 0.78 | 0.84 | 0.88 | 0.86 | ||||||
| Benchmarks | ||||||||||||||||||||||||
| Current Ratio, Competitors2 | ||||||||||||||||||||||||
| Alphabet Inc. | 2.72 | 1.92 | 2.01 | 1.75 | 1.90 | 1.77 | 1.84 | 1.95 | 2.08 | 2.15 | 2.10 | 2.04 | 2.17 | 2.35 | 2.38 | 2.52 | 2.81 | 2.87 | ||||||
| Meta Platforms Inc. | 2.23 | 2.35 | 2.60 | 1.98 | 1.97 | 2.66 | 2.98 | 2.73 | 2.83 | 2.68 | 2.67 | 2.57 | 2.32 | 2.07 | 2.20 | 2.57 | 2.52 | 2.81 | ||||||
| Netflix Inc. | 1.14 | 1.41 | 1.19 | 1.33 | 1.34 | 1.20 | 1.22 | 1.13 | 0.95 | 1.07 | 1.12 | 1.29 | 1.33 | 1.26 | 1.17 | 1.14 | 1.05 | 1.05 | ||||||
| Trade Desk Inc. | — | 1.68 | 1.61 | 1.71 | 1.71 | 1.81 | 1.86 | 1.85 | 1.80 | 1.79 | 1.72 | 1.87 | 1.87 | 1.90 | 1.90 | 1.91 | 1.92 | 1.91 | ||||||
| Walt Disney Co. | 0.68 | 0.67 | 0.71 | 0.72 | 0.67 | 0.68 | 0.73 | 0.72 | 0.75 | 0.84 | 1.05 | 1.07 | 1.01 | 0.99 | 1.00 | 1.02 | 1.06 | 1.10 | ||||||
Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31).
1 Q2 2026 Calculation
Current ratio = Current assets ÷ Current liabilities
= 26,335 ÷ 33,093 = 0.80
2 Click competitor name to see calculations.
The liquidity profile exhibits a period of contraction followed by a significant recovery in the capacity to meet short-term obligations. The current ratio remained below 1.0 across the entire observation period, indicating that current liabilities consistently exceeded current assets, which suggests a strategic reliance on operational cash flow or revolving credit facilities to manage immediate debts.
- Current Assets Trends
- Current assets demonstrated moderate fluctuations, reaching a low of $21,826 million in December 2022 before entering a gradual growth phase. This upward trend peaked at $29,567 million in December 2025. While there was a slight decline toward mid-2026, the overall asset base remained stronger in the latter half of the period compared to the 2022 trough.
- Current Liabilities Analysis
- Short-term obligations experienced a sustained increase from March 2022, rising from $29,657 million to a peak of $42,325 million by March 2025. This growth in liabilities was the primary driver of liquidity deterioration. A sharp reversal occurred in June 2025, where current liabilities decreased significantly to $31,792 million, marking a substantial reduction in short-term financial pressure.
- Current Ratio Dynamics
- The current ratio followed a U-shaped trajectory, declining from 0.86 in March 2022 to a period minimum of 0.59 in March 2024. This decline reflects a period where liability growth outpaced asset accumulation. A recovery phase began in mid-2024, leading to a peak ratio of 0.91 in June 2025, coinciding with the sharp drop in current liabilities. The ratio subsequently stabilized in the 0.80 to 0.88 range through June 2026.
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Quick Ratio
Comcast Corp., quick ratio calculation (quarterly data)
| Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||
| Cash and cash equivalents | 7,661) | 9,468) | 9,481) | 9,325) | 9,687) | 8,593) | 7,322) | 8,814) | 6,065) | 6,515) | 6,215) | 6,435) | 7,146) | 5,535) | 4,749) | 5,695) | 6,822) | 8,880) | ||||||
| Receivables, net | 13,955) | 14,078) | 13,869) | 13,214) | 13,040) | 12,881) | 13,661) | 14,036) | 13,167) | 13,144) | 13,813) | 12,835) | 12,980) | 12,287) | 12,672) | 11,918) | 11,956) | 12,300) | ||||||
| Total quick assets | 21,616) | 23,546) | 23,350) | 22,539) | 22,727) | 21,474) | 20,983) | 22,850) | 19,232) | 19,659) | 20,028) | 19,270) | 20,126) | 17,822) | 17,421) | 17,613) | 18,778) | 21,180) | ||||||
| Current liabilities | 33,093) | 33,308) | 33,524) | 32,702) | 31,792) | 42,325) | 39,581) | 37,786) | 35,342) | 40,324) | 40,198) | 34,468) | 32,925) | 32,415) | 27,887) | 27,999) | 27,585) | 29,657) | ||||||
| Liquidity Ratio | ||||||||||||||||||||||||
| Quick ratio1 | 0.65 | 0.71 | 0.70 | 0.69 | 0.71 | 0.51 | 0.53 | 0.60 | 0.54 | 0.49 | 0.50 | 0.56 | 0.61 | 0.55 | 0.62 | 0.63 | 0.68 | 0.71 | ||||||
| Benchmarks | ||||||||||||||||||||||||
| Quick Ratio, Competitors2 | ||||||||||||||||||||||||
| Alphabet Inc. | 2.47 | 1.71 | 1.85 | 1.56 | 1.72 | 1.60 | 1.66 | 1.76 | 1.90 | 1.98 | 1.94 | 1.87 | 2.02 | 2.20 | 2.22 | 2.29 | 2.62 | 2.72 | ||||||
| Meta Platforms Inc. | 1.99 | 2.11 | 2.42 | 1.67 | 1.71 | 2.50 | 2.82 | 2.57 | 2.69 | 2.55 | 2.55 | 2.43 | 2.20 | 1.91 | 2.01 | 2.34 | 2.34 | 2.62 | ||||||
| Netflix Inc. | 0.75 | 1.01 | 0.83 | 0.96 | 0.94 | 0.86 | 0.89 | 0.86 | 0.66 | 0.76 | 0.81 | 0.94 | 0.99 | 0.94 | 0.76 | 0.79 | 0.78 | 0.78 | ||||||
| Trade Desk Inc. | — | 1.64 | 1.55 | 1.64 | 1.68 | 1.79 | 1.83 | 1.81 | 1.75 | 1.77 | 1.69 | 1.84 | 1.84 | 1.87 | 1.87 | 1.88 | 1.87 | 1.85 | ||||||
| Walt Disney Co. | 0.55 | 0.54 | 0.55 | 0.57 | 0.54 | 0.55 | 0.54 | 0.53 | 0.57 | 0.69 | 0.85 | 0.87 | 0.83 | 0.83 | 0.83 | 0.87 | 0.91 | 0.98 | ||||||
Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31).
1 Q2 2026 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 21,616 ÷ 33,093 = 0.65
2 Click competitor name to see calculations.
The liquidity profile exhibits a cyclical pattern characterized by a period of contraction followed by a substantial recovery in the ability to cover short-term obligations with liquid assets. The overall trend indicates a tightening of liquidity between early 2022 and early 2024, followed by a stabilization and return to baseline levels by 2026.
- Total Quick Assets Trend
- Quick assets experienced an initial decline from 21,180 million USD in March 2022 to a low of 17,421 million USD in December 2022. Following this trough, a gradual recovery occurred, with assets fluctuating between 17,000 and 23,000 million USD. A peak in quick assets was reached in March 2026 at 23,546 million USD, representing a strengthened liquid asset base compared to the 2022-2023 period.
- Current Liabilities Dynamics
- Current liabilities remained relatively stable around 27,000 to 32,000 million USD through the first year of the period. A significant surge is observed starting in September 2023, peaking at 40,324 million USD by March 2024. This increase in short-term obligations created substantial pressure on the liquidity position. Subsequently, liabilities decreased and stabilized in the 31,000 to 33,000 million USD range from June 2025 through June 2026.
- Quick Ratio Performance
- The quick ratio demonstrates a clear downward trajectory from 0.71 in March 2022 to a minimum of 0.49 in March 2024. This decline was driven by the simultaneous increase in current liabilities and a relative stagnation in quick asset growth. A reversal of this trend began in June 2024, with the ratio improving steadily to reach 0.71 again by March 2026. The period concludes with a slight moderation to 0.65 in June 2026, suggesting a return to a sustainable, albeit below-1.0, liquidity equilibrium.
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Cash Ratio
Comcast Corp., cash ratio calculation (quarterly data)
| Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||
| Cash and cash equivalents | 7,661) | 9,468) | 9,481) | 9,325) | 9,687) | 8,593) | 7,322) | 8,814) | 6,065) | 6,515) | 6,215) | 6,435) | 7,146) | 5,535) | 4,749) | 5,695) | 6,822) | 8,880) | ||||||
| Total cash assets | 7,661) | 9,468) | 9,481) | 9,325) | 9,687) | 8,593) | 7,322) | 8,814) | 6,065) | 6,515) | 6,215) | 6,435) | 7,146) | 5,535) | 4,749) | 5,695) | 6,822) | 8,880) | ||||||
| Current liabilities | 33,093) | 33,308) | 33,524) | 32,702) | 31,792) | 42,325) | 39,581) | 37,786) | 35,342) | 40,324) | 40,198) | 34,468) | 32,925) | 32,415) | 27,887) | 27,999) | 27,585) | 29,657) | ||||||
| Liquidity Ratio | ||||||||||||||||||||||||
| Cash ratio1 | 0.23 | 0.28 | 0.28 | 0.29 | 0.30 | 0.20 | 0.18 | 0.23 | 0.17 | 0.16 | 0.15 | 0.19 | 0.22 | 0.17 | 0.17 | 0.20 | 0.25 | 0.30 | ||||||
| Benchmarks | ||||||||||||||||||||||||
| Cash Ratio, Competitors2 | ||||||||||||||||||||||||
| Alphabet Inc. | 1.92 | 1.14 | 1.23 | 0.99 | 1.09 | 1.04 | 1.07 | 1.15 | 1.29 | 1.40 | 1.36 | 1.39 | 1.52 | 1.67 | 1.64 | 1.76 | 2.04 | 2.16 | ||||||
| Meta Platforms Inc. | 1.60 | 1.74 | 1.95 | 1.20 | 1.26 | 2.07 | 2.32 | 2.13 | 2.15 | 2.07 | 2.05 | 2.00 | 1.79 | 1.48 | 1.51 | 1.84 | 1.82 | 2.08 | ||||||
| Netflix Inc. | 0.75 | 1.01 | 0.83 | 0.96 | 0.94 | 0.86 | 0.89 | 0.86 | 0.66 | 0.76 | 0.81 | 0.94 | 0.99 | 0.94 | 0.76 | 0.79 | 0.78 | 0.78 | ||||||
| Trade Desk Inc. | — | 0.49 | 0.40 | 0.48 | 0.57 | 0.65 | 0.67 | 0.66 | 0.60 | 0.62 | 0.55 | 0.71 | 0.70 | 0.73 | 0.71 | 0.74 | 0.73 | 0.71 | ||||||
| Walt Disney Co. | 0.16 | 0.15 | 0.17 | 0.16 | 0.17 | 0.16 | 0.17 | 0.17 | 0.20 | 0.23 | 0.46 | 0.41 | 0.37 | 0.31 | 0.40 | 0.42 | 0.45 | 0.48 | ||||||
Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31).
1 Q2 2026 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 7,661 ÷ 33,093 = 0.23
2 Click competitor name to see calculations.
The cash ratio exhibits a period of volatility characterized by an initial decline, a prolonged phase of low stability, and a subsequent recovery followed by a moderate decrease. The ratio fluctuated between a minimum of 0.15 and a maximum of 0.30 over the observed timeframe.
- Cash Asset Trends
- Total cash assets experienced a significant contraction during 2022, falling from 8,880 million US$ in March to 4,749 million US$ by December. Following this trough, assets showed a general upward trajectory, reaching a peak of 9,687 million US$ in June 2025, before declining to 7,661 million US$ by June 2026.
- Current Liability Dynamics
- Current liabilities showed a consistent upward trend from March 2022, peaking at 42,325 million US$ in March 2025. A substantial reduction occurred between March 2025 and June 2025, after which liabilities stabilized within a range of 31,792 million US$ to 33,524 million US$ through June 2026.
- Cash Ratio Interpretation
- A downward trend is observed from March 2022 to December 2023, with the ratio dropping from 0.30 to 0.15, indicating a reduction in immediate liquidity relative to short-term obligations. A recovery phase followed in 2024 and 2025, with the ratio returning to 0.30 by June 2025. This improvement was driven by the convergence of increasing cash reserves and a sharp decrease in current liabilities. The final period shows a contraction to 0.23 by June 2026, coinciding with a decrease in total cash assets.
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