Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

Boston Scientific Corp. (NYSE:BSX)

Analysis of Liquidity Ratios

Beginner level

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

Liquidity Ratios (Summary)

Boston Scientific Corp., liquidity ratios

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Current ratio 0.97 0.76 0.68 0.90 1.43
Quick ratio 0.42 0.33 0.31 0.47 0.66
Cash ratio 0.04 0.03 0.03 0.05 0.13

Based on: 10-K (filing date: 2020-02-25), 10-K (filing date: 2019-02-19), 10-K (filing date: 2018-02-20), 10-K (filing date: 2017-02-23), 10-K (filing date: 2016-02-24).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Boston Scientific Corp.’s current ratio improved from 2017 to 2018 and from 2018 to 2019.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Boston Scientific Corp.’s quick ratio improved from 2017 to 2018 and from 2018 to 2019.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Boston Scientific Corp.’s cash ratio deteriorated from 2017 to 2018 but then improved from 2018 to 2019 exceeding 2017 level.

Current Ratio

Boston Scientific Corp., current ratio calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Current assets 4,699  4,003  3,822  3,239  3,471 
Current liabilities 4,866  5,260  5,654  3,587  2,430 
Liquidity Ratio
Current ratio1 0.97 0.76 0.68 0.90 1.43
Benchmarks
Current Ratio, Competitors2
Becton, Dickinson & Co. 1.18 1.03 5.58 1.45 1.38
Danaher Corp. 5.19 1.47 1.43 0.97 1.27
Edwards Lifesciences Corp. 3.31 2.61 1.80 4.21 4.30
Intuitive Surgical Inc. 4.53 5.28 3.99 5.45 4.46
Medtronic PLC 2.59 2.28 1.75 3.29 3.36
Stryker Corp. 2.58 2.02 2.29 2.50 2.27
Thermo Fisher Scientific Inc. 1.92 1.73 1.34 1.44 1.38
UnitedHealth Group Inc. 0.69 0.73 0.73 0.69 0.74
Current Ratio, Sector
Health Care Equipment & Services 1.35 1.15 1.25 1.17 1.33
Current Ratio, Industry
Health Care 1.50 1.53 1.62 1.76 1.73

Based on: 10-K (filing date: 2020-02-25), 10-K (filing date: 2019-02-19), 10-K (filing date: 2018-02-20), 10-K (filing date: 2017-02-23), 10-K (filing date: 2016-02-24).

1 2019 Calculation
Current ratio = Current assets ÷ Current liabilities
= 4,699 ÷ 4,866 = 0.97

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. Boston Scientific Corp.’s current ratio improved from 2017 to 2018 and from 2018 to 2019.

Quick Ratio

Boston Scientific Corp., quick ratio calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Cash and cash equivalents 217  146  188  196  319 
Trade accounts receivable, net 1,828  1,608  1,548  1,472  1,275 
Total quick assets 2,045  1,754  1,736  1,668  1,594 
 
Current liabilities 4,866  5,260  5,654  3,587  2,430 
Liquidity Ratio
Quick ratio1 0.42 0.33 0.31 0.47 0.66
Benchmarks
Quick Ratio, Competitors2
Becton, Dickinson & Co. 0.52 0.50 4.77 0.72 0.70
Danaher Corp. 4.68 0.88 0.87 0.60 0.77
Edwards Lifesciences Corp. 2.34 1.70 1.28 3.17 3.29
Intuitive Surgical Inc. 3.75 4.56 3.51 5.00 3.97
Medtronic PLC 1.90 1.71 1.36 2.54 2.68
Stryker Corp. 1.66 1.25 1.43 1.70 1.64
Thermo Fisher Scientific Inc. 1.09 1.01 0.74 0.79 0.72
UnitedHealth Group Inc. 0.58 0.61 0.62 0.59 0.61
Quick Ratio, Sector
Health Care Equipment & Services 1.02 0.82 0.95 0.87 0.98
Quick Ratio, Industry
Health Care 1.13 1.12 1.24 1.36 1.33

Based on: 10-K (filing date: 2020-02-25), 10-K (filing date: 2019-02-19), 10-K (filing date: 2018-02-20), 10-K (filing date: 2017-02-23), 10-K (filing date: 2016-02-24).

1 2019 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 2,045 ÷ 4,866 = 0.42

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. Boston Scientific Corp.’s quick ratio improved from 2017 to 2018 and from 2018 to 2019.

Cash Ratio

Boston Scientific Corp., cash ratio calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Cash and cash equivalents 217  146  188  196  319 
Total cash assets 217  146  188  196  319 
 
Current liabilities 4,866  5,260  5,654  3,587  2,430 
Liquidity Ratio
Cash ratio1 0.04 0.03 0.03 0.05 0.13
Benchmarks
Cash Ratio, Competitors2
Becton, Dickinson & Co. 0.11 0.17 4.25 0.36 0.33
Danaher Corp. 4.04 0.16 0.13 0.14 0.13
Edwards Lifesciences Corp. 1.68 1.09 0.95 2.39 2.57
Intuitive Surgical Inc. 3.13 3.73 2.78 4.28 3.17
Medtronic PLC 1.16 1.11 0.96 1.76 2.12
Stryker Corp. 1.01 0.77 0.80 1.07 1.16
Thermo Fisher Scientific Inc. 0.39 0.34 0.19 0.16 0.11
UnitedHealth Group Inc. 0.23 0.27 0.31 0.27 0.30
Cash Ratio, Sector
Health Care Equipment & Services 0.57 0.40 0.57 0.46 0.57
Cash Ratio, Industry
Health Care 0.73 0.72 0.85 0.95 0.92

Based on: 10-K (filing date: 2020-02-25), 10-K (filing date: 2019-02-19), 10-K (filing date: 2018-02-20), 10-K (filing date: 2017-02-23), 10-K (filing date: 2016-02-24).

1 2019 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 217 ÷ 4,866 = 0.04

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. Boston Scientific Corp.’s cash ratio deteriorated from 2017 to 2018 but then improved from 2018 to 2019 exceeding 2017 level.