Current Ratio
since 2005
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McKesson Corp. pages available for free this week:
- Balance Sheet: Assets
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Solvency Ratios
- Analysis of Short-term (Operating) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Enterprise Value to EBITDA (EV/EBITDA)
- Net Profit Margin since 2005
- Debt to Equity since 2005
- Price to Sales (P/S) since 2005
- Aggregate Accruals
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Calculation
McKesson Corp., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Mar 31, 2016 | = | ÷ | |||
| Mar 31, 2015 | = | ÷ | |||
| Mar 31, 2014 | = | ÷ | |||
| Mar 31, 2013 | = | ÷ | |||
| Mar 31, 2012 | = | ÷ | |||
| Mar 31, 2011 | = | ÷ | |||
| Mar 31, 2010 | = | ÷ | |||
| Mar 31, 2009 | = | ÷ | |||
| Mar 31, 2008 | = | ÷ | |||
| Mar 31, 2007 | = | ÷ | |||
| Mar 31, 2006 | = | ÷ | |||
| Mar 31, 2005 | = | ÷ |
Based on: 10-K (reporting date: 2016-03-31), 10-K (reporting date: 2015-03-31), 10-K (reporting date: 2014-03-31), 10-K (reporting date: 2013-03-31), 10-K (reporting date: 2012-03-31), 10-K (reporting date: 2011-03-31), 10-K (reporting date: 2010-03-31), 10-K (reporting date: 2009-03-31), 10-K (reporting date: 2008-03-31), 10-K (reporting date: 2007-03-31), 10-K (reporting date: 2006-03-31), 10-K (reporting date: 2005-03-31).
1 US$ in millions
The financial data indicates that current assets exhibited a consistent upward trend over the analyzed period, increasing from $15,332 million in 2005 to $38,437 million in 2016. This growth is particularly notable from 2013 onwards, when assets rose substantially from approximately $23,170 million to $38,437 million by 2016, suggesting significant expansion or asset accumulation during these years.
Current liabilities also showed a steady increase over the same timeframe, rising from $11,793 million in 2005 to $35,071 million in 2016. Like current assets, liabilities accelerated considerably in the later years, especially from 2013 to 2016, indicating increased obligations or borrowing that may be associated with the asset growth.
The current ratio, which measures liquidity by comparing current assets to current liabilities, demonstrated a modest but declining trend. Starting at 1.3 in 2005, the ratio decreased gradually to around 1.1 by 2016. Despite fluctuations, the ratio remained above 1.0 throughout the period, indicating that the company maintained sufficient short-term assets to cover its short-term liabilities. However, the downward movement suggests a slight weakening in liquidity position over time.
- Current Assets
- Displayed continuous growth, more than doubling over the period, with accelerated increases after 2013.
- Current Liabilities
- Also grew steadily and sharply increased in the final years, roughly tripling from 2005 to 2016.
- Current Ratio
- Exhibited a gradual decline from 1.3 to approximately 1.1, indicating a slight deterioration in liquidity though remaining above the critical threshold of 1.0.
Comparison to Competitors
McKesson Corp., current ratio, long-term trends, comparison to competitors
| McKesson Corp. | Abbott Laboratories | Elevance Health Inc. | Intuitive Surgical Inc. | Medtronic PLC | UnitedHealth Group Inc. | |
|---|---|---|---|---|---|---|
| Mar 31, 2016 | ||||||
| Mar 31, 2015 | ||||||
| Mar 31, 2014 | ||||||
| Mar 31, 2013 | ||||||
| Mar 31, 2012 | ||||||
| Mar 31, 2011 | ||||||
| Mar 31, 2010 | ||||||
| Mar 31, 2009 | ||||||
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| Mar 31, 2007 | ||||||
| Mar 31, 2006 | ||||||
| Mar 31, 2005 |
Based on: 10-K (reporting date: 2016-03-31), 10-K (reporting date: 2015-03-31), 10-K (reporting date: 2014-03-31), 10-K (reporting date: 2013-03-31), 10-K (reporting date: 2012-03-31), 10-K (reporting date: 2011-03-31), 10-K (reporting date: 2010-03-31), 10-K (reporting date: 2009-03-31), 10-K (reporting date: 2008-03-31), 10-K (reporting date: 2007-03-31), 10-K (reporting date: 2006-03-31), 10-K (reporting date: 2005-03-31).
Comparison to Sector (Health Care Equipment & Services)
McKesson Corp., current ratio, long-term trends, comparison to sector (health care equipment & services)
| McKesson Corp. | Health Care Equipment & Services | |
|---|---|---|
| Mar 31, 2016 | ||
| Mar 31, 2015 | ||
| Mar 31, 2014 | ||
| Mar 31, 2013 | ||
| Mar 31, 2012 | ||
| Mar 31, 2011 | ||
| Mar 31, 2010 | ||
| Mar 31, 2009 | ||
| Mar 31, 2008 | ||
| Mar 31, 2007 | ||
| Mar 31, 2006 | ||
| Mar 31, 2005 |
Based on: 10-K (reporting date: 2016-03-31), 10-K (reporting date: 2015-03-31), 10-K (reporting date: 2014-03-31), 10-K (reporting date: 2013-03-31), 10-K (reporting date: 2012-03-31), 10-K (reporting date: 2011-03-31), 10-K (reporting date: 2010-03-31), 10-K (reporting date: 2009-03-31), 10-K (reporting date: 2008-03-31), 10-K (reporting date: 2007-03-31), 10-K (reporting date: 2006-03-31), 10-K (reporting date: 2005-03-31).
Comparison to Industry (Health Care)
McKesson Corp., current ratio, long-term trends, comparison to industry (health care)
| McKesson Corp. | Health Care | |
|---|---|---|
| Mar 31, 2016 | ||
| Mar 31, 2015 | ||
| Mar 31, 2014 | ||
| Mar 31, 2013 | ||
| Mar 31, 2012 | ||
| Mar 31, 2011 | ||
| Mar 31, 2010 | ||
| Mar 31, 2009 | ||
| Mar 31, 2008 | ||
| Mar 31, 2007 | ||
| Mar 31, 2006 | ||
| Mar 31, 2005 |
Based on: 10-K (reporting date: 2016-03-31), 10-K (reporting date: 2015-03-31), 10-K (reporting date: 2014-03-31), 10-K (reporting date: 2013-03-31), 10-K (reporting date: 2012-03-31), 10-K (reporting date: 2011-03-31), 10-K (reporting date: 2010-03-31), 10-K (reporting date: 2009-03-31), 10-K (reporting date: 2008-03-31), 10-K (reporting date: 2007-03-31), 10-K (reporting date: 2006-03-31), 10-K (reporting date: 2005-03-31).