Analysis of Liquidity Ratios
Quarterly Data
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Walgreens Boots Alliance Inc., liquidity ratios (quarterly data)
Based on: 10-Q (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-Q (reporting date: 2019-11-30), 10-K (reporting date: 2019-08-31), 10-Q (reporting date: 2019-05-31), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-30), 10-K (reporting date: 2018-08-31), 10-Q (reporting date: 2018-05-31), 10-Q (reporting date: 2018-02-28), 10-Q (reporting date: 2017-11-30), 10-K (reporting date: 2017-08-31), 10-Q (reporting date: 2017-05-31), 10-Q (reporting date: 2017-02-28), 10-Q (reporting date: 2016-11-30), 10-K (reporting date: 2016-08-31), 10-Q (reporting date: 2016-05-31), 10-Q (reporting date: 2016-02-29), 10-Q (reporting date: 2015-11-30), 10-K (reporting date: 2015-08-31), 10-Q (reporting date: 2015-05-31), 10-Q (reporting date: 2015-02-28), 10-Q (reporting date: 2014-11-30), 10-K (reporting date: 2014-08-31), 10-Q (reporting date: 2014-05-31), 10-Q (reporting date: 2014-02-28), 10-Q (reporting date: 2013-11-30).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Walgreens Boots Alliance Inc. current ratio deteriorated from Q1 2020 to Q2 2020 but then improved from Q2 2020 to Q3 2020 exceeding Q1 2020 level. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Walgreens Boots Alliance Inc. quick ratio improved from Q1 2020 to Q2 2020 but then slightly deteriorated from Q2 2020 to Q3 2020. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Walgreens Boots Alliance Inc. cash ratio improved from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020. |
Current Ratio
Walgreens Boots Alliance Inc., current ratio calculation (quarterly data)
| May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | Feb 28, 2019 | Nov 30, 2018 | Aug 31, 2018 | May 31, 2018 | Feb 28, 2018 | Nov 30, 2017 | Aug 31, 2017 | May 31, 2017 | Feb 28, 2017 | Nov 30, 2016 | Aug 31, 2016 | May 31, 2016 | Feb 29, 2016 | Nov 30, 2015 | Aug 31, 2015 | May 31, 2015 | Feb 28, 2015 | Nov 30, 2014 | Aug 31, 2014 | May 31, 2014 | Feb 28, 2014 | Nov 30, 2013 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||||
| Current assets | 18,326) | 18,909) | 19,604) | 18,700) | 19,021) | 19,851) | 20,083) | 17,846) | 19,988) | 20,358) | 19,681) | 19,753) | 28,152) | 27,509) | 26,668) | 25,883) | 19,713) | 20,378) | 20,231) | 19,657) | 21,029) | 20,715) | 23,280) | 12,242) | 11,928) | 12,036) | 11,722) | ||||||||
| Current liabilities | 26,649) | 28,662) | 29,494) | 25,769) | 25,060) | 25,303) | 25,099) | 21,667) | 21,482) | 22,559) | 20,517) | 18,547) | 21,713) | 17,678) | 17,729) | 17,013) | 15,811) | 16,272) | 16,874) | 16,557) | 16,157) | 16,690) | 9,877) | 8,895) | 8,409) | 8,499) | 8,821) | ||||||||
| Liquidity Ratio | |||||||||||||||||||||||||||||||||||
| Current ratio1 | 0.69 | 0.66 | 0.66 | 0.73 | 0.76 | 0.78 | 0.80 | 0.82 | 0.93 | 0.90 | 0.96 | 1.07 | 1.30 | 1.56 | 1.50 | 1.52 | 1.25 | 1.25 | 1.20 | 1.19 | 1.30 | 1.24 | 2.36 | 1.38 | 1.42 | 1.42 | 1.33 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| Current Ratio, Competitors2 | |||||||||||||||||||||||||||||||||||
| Costco Wholesale Corp. | 1.11 | 1.04 | 1.01 | 1.01 | 0.98 | 0.96 | 1.02 | 1.02 | 1.01 | 1.00 | 0.98 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Target Corp. | 0.83 | 0.84 | 0.88 | 0.83 | 0.83 | 0.82 | 0.90 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Walmart Inc. | 0.81 | 0.76 | 0.77 | 0.80 | 0.81 | 0.93 | 0.73 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-Q (reporting date: 2019-11-30), 10-K (reporting date: 2019-08-31), 10-Q (reporting date: 2019-05-31), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-30), 10-K (reporting date: 2018-08-31), 10-Q (reporting date: 2018-05-31), 10-Q (reporting date: 2018-02-28), 10-Q (reporting date: 2017-11-30), 10-K (reporting date: 2017-08-31), 10-Q (reporting date: 2017-05-31), 10-Q (reporting date: 2017-02-28), 10-Q (reporting date: 2016-11-30), 10-K (reporting date: 2016-08-31), 10-Q (reporting date: 2016-05-31), 10-Q (reporting date: 2016-02-29), 10-Q (reporting date: 2015-11-30), 10-K (reporting date: 2015-08-31), 10-Q (reporting date: 2015-05-31), 10-Q (reporting date: 2015-02-28), 10-Q (reporting date: 2014-11-30), 10-K (reporting date: 2014-08-31), 10-Q (reporting date: 2014-05-31), 10-Q (reporting date: 2014-02-28), 10-Q (reporting date: 2013-11-30).
1 Q3 2020 Calculation
Current ratio = Current assets ÷ Current liabilities
= 18,326 ÷ 26,649 = 0.69
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. | Walgreens Boots Alliance Inc. current ratio deteriorated from Q1 2020 to Q2 2020 but then improved from Q2 2020 to Q3 2020 exceeding Q1 2020 level. |
Quick Ratio
Walgreens Boots Alliance Inc., quick ratio calculation (quarterly data)
| May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | Feb 28, 2019 | Nov 30, 2018 | Aug 31, 2018 | May 31, 2018 | Feb 28, 2018 | Nov 30, 2017 | Aug 31, 2017 | May 31, 2017 | Feb 28, 2017 | Nov 30, 2016 | Aug 31, 2016 | May 31, 2016 | Feb 29, 2016 | Nov 30, 2015 | Aug 31, 2015 | May 31, 2015 | Feb 28, 2015 | Nov 30, 2014 | Aug 31, 2014 | May 31, 2014 | Feb 28, 2014 | Nov 30, 2013 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||||
| Cash and cash equivalents | 768) | 792) | 811) | 1,023) | 839) | 818) | 980) | 785) | 1,818) | 1,749) | 1,830) | 3,301) | 12,253) | 11,822) | 9,598) | 9,807) | 3,291) | 3,586) | 2,570) | 3,000) | 4,449) | 3,005) | 12,861) | 2,646) | 2,126) | 1,777) | 969) | ||||||||
| Accounts receivable, net | 6,982) | 7,572) | 7,435) | 7,226) | 7,239) | 7,828) | 7,144) | 6,573) | 7,159) | 7,281) | 6,858) | 6,528) | 6,339) | 5,674) | 6,138) | 6,260) | 6,508) | 6,733) | 6,821) | 6,849) | 6,899) | 7,017) | 3,579) | 3,218) | 3,029) | 2,774) | 2,727) | ||||||||
| Total quick assets | 7,750) | 8,364) | 8,246) | 8,249) | 8,078) | 8,646) | 8,124) | 7,358) | 8,977) | 9,030) | 8,688) | 9,829) | 18,592) | 17,496) | 15,736) | 16,067) | 9,799) | 10,319) | 9,391) | 9,849) | 11,348) | 10,022) | 16,440) | 5,864) | 5,155) | 4,551) | 3,696) | ||||||||
| Current liabilities | 26,649) | 28,662) | 29,494) | 25,769) | 25,060) | 25,303) | 25,099) | 21,667) | 21,482) | 22,559) | 20,517) | 18,547) | 21,713) | 17,678) | 17,729) | 17,013) | 15,811) | 16,272) | 16,874) | 16,557) | 16,157) | 16,690) | 9,877) | 8,895) | 8,409) | 8,499) | 8,821) | ||||||||
| Liquidity Ratio | |||||||||||||||||||||||||||||||||||
| Quick ratio1 | 0.29 | 0.29 | 0.28 | 0.32 | 0.32 | 0.34 | 0.32 | 0.34 | 0.42 | 0.40 | 0.42 | 0.53 | 0.86 | 0.99 | 0.89 | 0.94 | 0.62 | 0.63 | 0.56 | 0.59 | 0.70 | 0.60 | 1.66 | 0.66 | 0.61 | 0.54 | 0.42 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| Quick Ratio, Competitors2 | |||||||||||||||||||||||||||||||||||
| Costco Wholesale Corp. | 0.58 | 0.47 | 0.45 | 0.47 | 0.43 | 0.41 | 0.43 | 0.45 | 0.44 | 0.41 | 0.41 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Target Corp. | 0.06 | 0.12 | 0.09 | 0.10 | 0.05 | 0.08 | 0.09 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Walmart Inc. | 0.17 | 0.18 | 0.18 | 0.18 | 0.17 | 0.29 | 0.15 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-Q (reporting date: 2019-11-30), 10-K (reporting date: 2019-08-31), 10-Q (reporting date: 2019-05-31), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-30), 10-K (reporting date: 2018-08-31), 10-Q (reporting date: 2018-05-31), 10-Q (reporting date: 2018-02-28), 10-Q (reporting date: 2017-11-30), 10-K (reporting date: 2017-08-31), 10-Q (reporting date: 2017-05-31), 10-Q (reporting date: 2017-02-28), 10-Q (reporting date: 2016-11-30), 10-K (reporting date: 2016-08-31), 10-Q (reporting date: 2016-05-31), 10-Q (reporting date: 2016-02-29), 10-Q (reporting date: 2015-11-30), 10-K (reporting date: 2015-08-31), 10-Q (reporting date: 2015-05-31), 10-Q (reporting date: 2015-02-28), 10-Q (reporting date: 2014-11-30), 10-K (reporting date: 2014-08-31), 10-Q (reporting date: 2014-05-31), 10-Q (reporting date: 2014-02-28), 10-Q (reporting date: 2013-11-30).
1 Q3 2020 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 7,750 ÷ 26,649 = 0.29
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. | Walgreens Boots Alliance Inc. quick ratio improved from Q1 2020 to Q2 2020 but then slightly deteriorated from Q2 2020 to Q3 2020. |
Cash Ratio
Walgreens Boots Alliance Inc., cash ratio calculation (quarterly data)
| May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | Feb 28, 2019 | Nov 30, 2018 | Aug 31, 2018 | May 31, 2018 | Feb 28, 2018 | Nov 30, 2017 | Aug 31, 2017 | May 31, 2017 | Feb 28, 2017 | Nov 30, 2016 | Aug 31, 2016 | May 31, 2016 | Feb 29, 2016 | Nov 30, 2015 | Aug 31, 2015 | May 31, 2015 | Feb 28, 2015 | Nov 30, 2014 | Aug 31, 2014 | May 31, 2014 | Feb 28, 2014 | Nov 30, 2013 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||||
| Cash and cash equivalents | 768) | 792) | 811) | 1,023) | 839) | 818) | 980) | 785) | 1,818) | 1,749) | 1,830) | 3,301) | 12,253) | 11,822) | 9,598) | 9,807) | 3,291) | 3,586) | 2,570) | 3,000) | 4,449) | 3,005) | 12,861) | 2,646) | 2,126) | 1,777) | 969) | ||||||||
| Total cash assets | 768) | 792) | 811) | 1,023) | 839) | 818) | 980) | 785) | 1,818) | 1,749) | 1,830) | 3,301) | 12,253) | 11,822) | 9,598) | 9,807) | 3,291) | 3,586) | 2,570) | 3,000) | 4,449) | 3,005) | 12,861) | 2,646) | 2,126) | 1,777) | 969) | ||||||||
| Current liabilities | 26,649) | 28,662) | 29,494) | 25,769) | 25,060) | 25,303) | 25,099) | 21,667) | 21,482) | 22,559) | 20,517) | 18,547) | 21,713) | 17,678) | 17,729) | 17,013) | 15,811) | 16,272) | 16,874) | 16,557) | 16,157) | 16,690) | 9,877) | 8,895) | 8,409) | 8,499) | 8,821) | ||||||||
| Liquidity Ratio | |||||||||||||||||||||||||||||||||||
| Cash ratio1 | 0.03 | 0.03 | 0.03 | 0.04 | 0.03 | 0.03 | 0.04 | 0.04 | 0.08 | 0.08 | 0.09 | 0.18 | 0.56 | 0.67 | 0.54 | 0.58 | 0.21 | 0.22 | 0.15 | 0.18 | 0.28 | 0.18 | 1.30 | 0.30 | 0.25 | 0.21 | 0.11 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| Cash Ratio, Competitors2 | |||||||||||||||||||||||||||||||||||
| Costco Wholesale Corp. | 0.52 | 0.38 | 0.38 | 0.41 | 0.36 | 0.32 | 0.35 | 0.36 | 0.36 | 0.31 | 0.34 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Target Corp. | 0.06 | 0.12 | 0.09 | 0.10 | 0.05 | 0.08 | 0.09 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Walmart Inc. | 0.10 | 0.12 | 0.12 | 0.10 | 0.11 | 0.22 | 0.10 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-Q (reporting date: 2019-11-30), 10-K (reporting date: 2019-08-31), 10-Q (reporting date: 2019-05-31), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-30), 10-K (reporting date: 2018-08-31), 10-Q (reporting date: 2018-05-31), 10-Q (reporting date: 2018-02-28), 10-Q (reporting date: 2017-11-30), 10-K (reporting date: 2017-08-31), 10-Q (reporting date: 2017-05-31), 10-Q (reporting date: 2017-02-28), 10-Q (reporting date: 2016-11-30), 10-K (reporting date: 2016-08-31), 10-Q (reporting date: 2016-05-31), 10-Q (reporting date: 2016-02-29), 10-Q (reporting date: 2015-11-30), 10-K (reporting date: 2015-08-31), 10-Q (reporting date: 2015-05-31), 10-Q (reporting date: 2015-02-28), 10-Q (reporting date: 2014-11-30), 10-K (reporting date: 2014-08-31), 10-Q (reporting date: 2014-05-31), 10-Q (reporting date: 2014-02-28), 10-Q (reporting date: 2013-11-30).
1 Q3 2020 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 768 ÷ 26,649 = 0.03
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. | Walgreens Boots Alliance Inc. cash ratio improved from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020. |