Current Ratio
since 2005
Calculation
Cigna Group, current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 31, 2024 | 0.84 | = | 48,870) | ÷ | 57,979) |
| Dec 31, 2023 | 0.77 | = | 37,351) | ÷ | 48,716) |
| Dec 31, 2022 | 0.73 | = | 30,120) | ÷ | 41,229) |
| Dec 31, 2021 | 0.83 | = | 36,134) | ÷ | 43,572) |
| Dec 31, 2020 | 0.77 | = | 27,799) | ÷ | 36,022) |
| Dec 31, 2019 | 0.74 | = | 29,845) | ÷ | 40,138) |
| Dec 31, 2018 | 0.64 | = | 20,430) | ÷ | 31,895) |
| Dec 31, 2017 | 0.85 | = | 9,311) | ÷ | 11,009) |
| Dec 31, 2016 | — | = | —) | ÷ | —) |
| Dec 31, 2015 | — | = | —) | ÷ | —) |
| Dec 31, 2014 | — | = | —) | ÷ | —) |
| Dec 31, 2013 | — | = | —) | ÷ | —) |
| Dec 31, 2012 | — | = | —) | ÷ | —) |
| Dec 31, 2011 | — | = | —) | ÷ | —) |
| Dec 31, 2010 | — | = | —) | ÷ | —) |
| Dec 31, 2009 | — | = | —) | ÷ | —) |
| Dec 31, 2008 | — | = | —) | ÷ | —) |
| Dec 31, 2007 | — | = | —) | ÷ | —) |
| Dec 31, 2006 | — | = | —) | ÷ | —) |
| Dec 31, 2005 | — | = | —) | ÷ | —) |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
The financial trajectory from 2017 to 2024 is characterized by a substantial expansion in both current assets and current liabilities. Current assets grew from 9,311 million USD in 2017 to 48,870 million USD by 2024, while current liabilities increased from 11,009 million USD to 57,979 million USD over the same period.
- Current Ratio Trends
- The current ratio remained consistently below the 1.0 threshold throughout the analyzed period, indicating that short-term obligations exceeded liquid assets. The ratio reached a minimum of 0.64 in 2018 before experiencing a gradual recovery, eventually reaching 0.84 by the end of 2024.
- Liquidity Fluctuations
- A significant contraction in the current ratio was observed between 2017 and 2018, dropping from 0.85 to 0.64. Following this decline, a period of relative stability and moderate improvement ensued, with the ratio fluctuating between 0.73 and 0.83 from 2019 through 2023.
- Working Capital Scaling
- The parallel growth of assets and liabilities suggests a scaling of operations where liquidity levels are maintained in a proportional relationship. The consistent gap between current assets and liabilities demonstrates a persistent reliance on non-current assets or cash flow generation to meet short-term obligations, as the current ratio has never surpassed 0.85 during the observed timeframe.
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Comparison to Competitors
Cigna Group, current ratio, long-term trends, comparison to competitors
| Cigna Group | Abbott Laboratories | Elevance Health Inc. | Intuitive Surgical Inc. | Medtronic PLC | UnitedHealth Group Inc. | |
|---|---|---|---|---|---|---|
| Dec 31, 2024 | 0.84 | 1.67 | 1.45 | 4.07 | 2.03 | 0.83 |
| Dec 31, 2023 | 0.77 | 1.64 | 1.44 | 4.76 | 2.39 | 0.79 |
| Dec 31, 2022 | 0.73 | 1.63 | 1.40 | 4.40 | 1.86 | 0.77 |
| Dec 31, 2021 | 0.83 | 1.85 | 1.47 | 5.08 | 2.65 | 0.79 |
| Dec 31, 2020 | 0.77 | 1.72 | 1.55 | 6.86 | 2.13 | 0.74 |
| Dec 31, 2019 | 0.74 | 1.44 | 1.65 | 4.53 | 2.59 | 0.69 |
| Dec 31, 2018 | 0.64 | 1.62 | 1.56 | 5.28 | 2.28 | 0.73 |
| Dec 31, 2017 | 0.85 | 2.26 | 1.55 | 3.99 | 1.75 | 0.73 |
| Dec 31, 2016 | — | 4.02 | 1.61 | 5.45 | 3.29 | 0.69 |
| Dec 31, 2015 | — | 1.54 | 1.62 | 4.46 | 3.36 | 0.74 |
| Dec 31, 2014 | — | 1.45 | 1.72 | 3.69 | 3.82 | 0.77 |
| Dec 31, 2013 | — | 2.02 | 1.82 | 5.07 | 4.57 | 0.73 |
| Dec 31, 2012 | — | 2.36 | 1.78 | 4.71 | 1.62 | 0.78 |
| Dec 31, 2011 | — | 1.54 | 1.71 | 4.57 | 1.93 | 0.85 |
| Dec 31, 2010 | — | 1.29 | 1.87 | 4.66 | 1.92 | 0.78 |
| Dec 31, 2009 | — | 1.79 | 1.91 | 4.18 | 2.37 | 0.82 |
| Dec 31, 2008 | — | 1.47 | 0.81 | 4.28 | 2.07 | 0.76 |
| Dec 31, 2007 | — | 1.54 | 0.91 | 4.63 | 3.09 | 0.84 |
| Dec 31, 2006 | — | 0.94 | 0.77 | 4.64 | 2.36 | 0.87 |
| Dec 31, 2005 | — | 1.54 | 1.75 | 3.60 | 2.20 | 0.64 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Health Care Equipment & Services)
Cigna Group, current ratio, long-term trends, comparison to sector (health care equipment & services)
| Cigna Group | Health Care Equipment & Services | |
|---|---|---|
| Dec 31, 2024 | 0.84 | 1.15 |
| Dec 31, 2023 | 0.77 | 1.15 |
| Dec 31, 2022 | 0.73 | 1.13 |
| Dec 31, 2021 | 0.83 | 1.22 |
| Dec 31, 2020 | 0.77 | 1.19 |
| Dec 31, 2019 | 0.74 | 1.17 |
| Dec 31, 2018 | 0.64 | 1.21 |
| Dec 31, 2017 | 0.85 | 1.24 |
| Dec 31, 2016 | — | 1.43 |
| Dec 31, 2015 | — | 1.36 |
| Dec 31, 2014 | — | 1.43 |
| Dec 31, 2013 | — | 1.54 |
| Dec 31, 2012 | — | 1.47 |
| Dec 31, 2011 | — | 1.36 |
| Dec 31, 2010 | — | 1.29 |
| Dec 31, 2009 | — | 1.46 |
| Dec 31, 2008 | — | 1.04 |
| Dec 31, 2007 | — | 1.14 |
| Dec 31, 2006 | — | 0.99 |
| Dec 31, 2005 | — | 1.31 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Health Care)
Cigna Group, current ratio, long-term trends, comparison to industry (health care)
| Cigna Group | Health Care | |
|---|---|---|
| Dec 31, 2024 | 0.84 | 1.21 |
| Dec 31, 2023 | 0.77 | 1.23 |
| Dec 31, 2022 | 0.73 | 1.23 |
| Dec 31, 2021 | 0.83 | 1.31 |
| Dec 31, 2020 | 0.77 | 1.30 |
| Dec 31, 2019 | 0.74 | 1.48 |
| Dec 31, 2018 | 0.64 | 1.52 |
| Dec 31, 2017 | 0.85 | 1.55 |
| Dec 31, 2016 | — | 1.73 |
| Dec 31, 2015 | — | 1.70 |
| Dec 31, 2014 | — | 1.92 |
| Dec 31, 2013 | — | 1.96 |
| Dec 31, 2012 | — | 1.84 |
| Dec 31, 2011 | — | 1.94 |
| Dec 31, 2010 | — | 1.81 |
| Dec 31, 2009 | — | 1.78 |
| Dec 31, 2008 | — | 1.44 |
| Dec 31, 2007 | — | 1.53 |
| Dec 31, 2006 | — | 1.39 |
| Dec 31, 2005 | — | 1.63 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).