Stock Analysis on Net

Edwards Lifesciences Corp. (NYSE:EW)

This company has been moved to the archive! The financial data has not been updated since February 14, 2022.

Analysis of Liquidity Ratios

Microsoft Excel

Liquidity Ratios (Summary)

Edwards Lifesciences Corp., liquidity ratios

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Current ratio 3.08 3.46 3.31 2.61 1.80
Quick ratio 2.07 2.24 2.34 1.70 1.28
Cash ratio 1.42 1.57 1.68 1.09 0.95

Based on: 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).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Edwards Lifesciences Corp. current ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Edwards Lifesciences Corp. quick ratio deteriorated from 2019 to 2020 and from 2020 to 2021.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Edwards Lifesciences Corp. cash ratio deteriorated from 2019 to 2020 and from 2020 to 2021.

Current Ratio

Edwards Lifesciences Corp., current ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in thousands)
Current assets 3,180,700 3,091,000 2,984,000 2,286,900 2,532,100
Current liabilities 1,032,300 893,900 902,400 876,600 1,402,900
Liquidity Ratio
Current ratio1 3.08 3.46 3.31 2.61 1.80
Benchmarks
Current Ratio, Competitors2
Abbott Laboratories 1.85 1.72 1.44
Cigna Group 0.83 0.77 0.74
CVS Health Corp. 0.88 0.91 0.94
Danaher Corp. 1.43 1.86 5.19
Elevance Health Inc. 1.47 1.55 1.65
Humana Inc. 1.62 1.77 1.82
Intuitive Surgical Inc. 5.08 6.86 4.53
Medtronic PLC 2.65 2.13 2.59 2.28
UnitedHealth Group Inc. 0.79 0.74 0.69
Current Ratio, Sector
Health Care Equipment & Services 1.10 1.11 1.16
Current Ratio, Industry
Health Care 1.22 1.22 1.34

Based on: 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).

1 2021 Calculation
Current ratio = Current assets ÷ Current liabilities
= 3,180,700 ÷ 1,032,300 = 3.08

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. Edwards Lifesciences Corp. current ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021.

Quick Ratio

Edwards Lifesciences Corp., quick ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in thousands)
Cash and cash equivalents 862,800 1,183,200 1,179,100 714,100 818,300
Short-term investments 604,000 219,400 337,800 242,400 519,200
Accounts receivable, net of allowances 582,200 514,600 543,600 456,900 421,600
Other receivables 82,700 88,200 55,500 80,400 40,600
Total quick assets 2,131,700 2,005,400 2,116,000 1,493,800 1,799,700
 
Current liabilities 1,032,300 893,900 902,400 876,600 1,402,900
Liquidity Ratio
Quick ratio1 2.07 2.24 2.34 1.70 1.28
Benchmarks
Quick Ratio, Competitors2
Abbott Laboratories 1.28 1.14 0.88
Cigna Group 0.48 0.66 0.41
CVS Health Corp. 0.55 0.53 0.52
Danaher Corp. 0.89 1.36 4.68
Elevance Health Inc. 1.33 1.42 1.52
Humana Inc. 1.20 1.37 1.47
Intuitive Surgical Inc. 4.34 5.96 3.75
Medtronic PLC 1.91 1.50 1.90 1.71
UnitedHealth Group Inc. 0.72 0.68 0.63
Quick Ratio, Sector
Health Care Equipment & Services 0.83 0.86 0.87
Quick Ratio, Industry
Health Care 0.90 0.91 1.01

Based on: 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).

1 2021 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 2,131,700 ÷ 1,032,300 = 2.07

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. Edwards Lifesciences Corp. quick ratio deteriorated from 2019 to 2020 and from 2020 to 2021.

Cash Ratio

Edwards Lifesciences Corp., cash ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in thousands)
Cash and cash equivalents 862,800 1,183,200 1,179,100 714,100 818,300
Short-term investments 604,000 219,400 337,800 242,400 519,200
Total cash assets 1,466,800 1,402,600 1,516,900 956,500 1,337,500
 
Current liabilities 1,032,300 893,900 902,400 876,600 1,402,900
Liquidity Ratio
Cash ratio1 1.42 1.57 1.68 1.09 0.95
Benchmarks
Cash Ratio, Competitors2
Abbott Laboratories 0.78 0.60 0.38
Cigna Group 0.14 0.32 0.14
CVS Health Corp. 0.18 0.18 0.15
Danaher Corp. 0.32 0.82 4.04
Elevance Health Inc. 0.95 1.04 1.08
Humana Inc. 1.08 1.29 1.37
Intuitive Surgical Inc. 3.66 5.30 3.13
Medtronic PLC 1.27 1.06 1.16 1.11
UnitedHealth Group Inc. 0.36 0.33 0.28
Cash Ratio, Sector
Health Care Equipment & Services 0.46 0.51 0.51
Cash Ratio, Industry
Health Care 0.52 0.54 0.64

Based on: 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).

1 2021 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 1,466,800 ÷ 1,032,300 = 1.42

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. Edwards Lifesciences Corp. cash ratio deteriorated from 2019 to 2020 and from 2020 to 2021.