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

Thermo Fisher Scientific Inc. (NYSE:TMO)

Analysis of Liquidity Ratios

Beginner level


Liquidity Ratios (Summary)

Thermo Fisher Scientific Inc., liquidity ratios

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Current ratio 1.92 1.73 1.34 1.44 1.38
Quick ratio 1.09 1.01 0.74 0.79 0.72
Cash ratio 0.39 0.34 0.19 0.16 0.11

Based on: 10-K (filing date: 2020-02-26), 10-K (filing date: 2019-02-27), 10-K (filing date: 2018-02-28), 10-K (filing date: 2017-02-28), 10-K (filing date: 2016-02-25).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Thermo Fisher Scientific Inc.’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. Thermo Fisher Scientific Inc.’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. Thermo Fisher Scientific Inc.’s cash ratio improved from 2017 to 2018 and from 2018 to 2019.

Current Ratio

Thermo Fisher Scientific Inc., 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 11,893  10,625  9,421  7,021  5,741 
Current liabilities 6,197  6,147  7,048  4,866  4,147 
Liquidity Ratio
Current ratio1 1.92 1.73 1.34 1.44 1.38
Benchmarks
Current Ratio, Competitors2
Becton, Dickinson & Co. 1.18 1.03 5.58 1.45 1.38
Boston Scientific Corp. 0.97 0.76 0.68 0.90 1.43
Danaher Corp. 5.19 1.47 1.43 0.97 1.27
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
UnitedHealth Group Inc. 0.69 0.73 0.73 0.69 0.74
Current Ratio, Sector
Health Care Equipment & Services 1.33 1.14 1.24 1.15 1.31
Current Ratio, Industry
Health Care 1.49 1.53 1.62 1.76 1.72

Based on: 10-K (filing date: 2020-02-26), 10-K (filing date: 2019-02-27), 10-K (filing date: 2018-02-28), 10-K (filing date: 2017-02-28), 10-K (filing date: 2016-02-25).

1 2019 Calculation
Current ratio = Current assets ÷ Current liabilities
= 11,893 ÷ 6,197 = 1.92

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. Thermo Fisher Scientific Inc.’s current ratio improved from 2017 to 2018 and from 2018 to 2019.

Quick Ratio

Thermo Fisher Scientific Inc., 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 2,399  2,103  1,335  786  452 
Accounts receivable, less allowances 4,349  4,136  3,879  3,049  2,545 
Total quick assets 6,748  6,239  5,214  3,835  2,997 
 
Current liabilities 6,197  6,147  7,048  4,866  4,147 
Liquidity Ratio
Quick ratio1 1.09 1.01 0.74 0.79 0.72
Benchmarks
Quick Ratio, Competitors2
Becton, Dickinson & Co. 0.52 0.50 4.77 0.72 0.70
Boston Scientific Corp. 0.42 0.33 0.31 0.47 0.66
Danaher Corp. 4.68 0.88 0.87 0.60 0.77
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
UnitedHealth Group Inc. 0.58 0.61 0.62 0.59 0.61
Quick Ratio, Sector
Health Care Equipment & Services 1.01 0.82 0.95 0.85 0.97
Quick Ratio, Industry
Health Care 1.13 1.12 1.24 1.36 1.32

Based on: 10-K (filing date: 2020-02-26), 10-K (filing date: 2019-02-27), 10-K (filing date: 2018-02-28), 10-K (filing date: 2017-02-28), 10-K (filing date: 2016-02-25).

1 2019 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 6,748 ÷ 6,197 = 1.09

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. Thermo Fisher Scientific Inc.’s quick ratio improved from 2017 to 2018 and from 2018 to 2019.

Cash Ratio

Thermo Fisher Scientific Inc., 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 2,399  2,103  1,335  786  452 
Total cash assets 2,399  2,103  1,335  786  452 
 
Current liabilities 6,197  6,147  7,048  4,866  4,147 
Liquidity Ratio
Cash ratio1 0.39 0.34 0.19 0.16 0.11
Benchmarks
Cash Ratio, Competitors2
Becton, Dickinson & Co. 0.11 0.17 4.25 0.36 0.33
Boston Scientific Corp. 0.04 0.03 0.03 0.05 0.13
Danaher Corp. 4.04 0.16 0.13 0.14 0.13
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
UnitedHealth Group Inc. 0.23 0.27 0.31 0.27 0.30
Cash Ratio, Sector
Health Care Equipment & Services 0.56 0.40 0.56 0.44 0.56
Cash Ratio, Industry
Health Care 0.73 0.72 0.85 0.95 0.92

Based on: 10-K (filing date: 2020-02-26), 10-K (filing date: 2019-02-27), 10-K (filing date: 2018-02-28), 10-K (filing date: 2017-02-28), 10-K (filing date: 2016-02-25).

1 2019 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 2,399 ÷ 6,197 = 0.39

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. Thermo Fisher Scientific Inc.’s cash ratio improved from 2017 to 2018 and from 2018 to 2019.