Stock Analysis on Net

Verizon Communications Inc. (NYSE:VZ)

Analysis of Liquidity Ratios
Quarterly Data

Microsoft Excel LibreOffice Calc

Liquidity Ratios (Summary)

Verizon Communications Inc., liquidity ratios (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
Current ratio 0.97 0.89 1.02 1.38 1.07 0.96 0.99 0.84 0.89 0.87 0.87 0.91 0.97 0.96 0.98 0.91 1.07 1.04 1.02 0.87 0.85 0.61 0.71
Quick ratio 0.78 0.65 0.84 1.16 0.87 0.79 0.75 0.62 0.71 0.70 0.69 0.73 0.78 0.77 0.78 0.77 0.90 0.88 0.79 0.67 0.70 0.47 0.55
Cash ratio 0.24 0.12 0.26 0.56 0.25 0.20 0.17 0.06 0.08 0.05 0.06 0.07 0.07 0.05 0.06 0.06 0.16 0.17 0.16 0.09 0.21 0.08 0.18

Based on: 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Verizon Communications Inc. current ratio deteriorated from Q1 2021 to Q2 2021 but then improved from Q2 2021 to Q3 2021 not reaching Q1 2021 level.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Verizon Communications Inc. quick ratio deteriorated from Q1 2021 to Q2 2021 but then improved from Q2 2021 to Q3 2021 not reaching Q1 2021 level.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Verizon Communications Inc. cash ratio deteriorated from Q1 2021 to Q2 2021 but then improved from Q2 2021 to Q3 2021 not reaching Q1 2021 level.

Current Ratio

Verizon Communications Inc., current ratio calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
Selected Financial Data (US$ in millions)
Current assets 40,277  35,626  39,647  54,594  38,572  37,333  40,705  37,473  34,895  33,308  33,397  34,636  33,154  30,876  31,025  29,913  30,867  28,823  27,158  26,395  25,621  20,844  23,615 
Current liabilities 41,358  40,078  38,730  39,660  36,185  38,886  41,057  44,868  39,209  38,214  38,607  37,930  34,167  32,329  31,615  33,037  28,930  27,758  26,664  30,340  30,298  34,408  33,312 
Liquidity Ratio
Current ratio1 0.97 0.89 1.02 1.38 1.07 0.96 0.99 0.84 0.89 0.87 0.87 0.91 0.97 0.96 0.98 0.91 1.07 1.04 1.02 0.87 0.85 0.61 0.71
Benchmarks
Current Ratio, Competitors2
AT&T Inc. 0.70 0.77 0.82 0.82 0.84 0.81 0.76 0.79 0.74 0.71 0.72 0.80 0.81 0.81 1.11 0.97 1.60 1.12 0.90 0.76 0.79 0.77 0.85
T-Mobile US Inc. 0.87 0.94 0.96 1.10 0.98 1.05 0.64 0.74 0.66 0.62 0.66 0.81 0.85 0.76 0.78 0.77 0.92 0.77 1.04 1.58 1.67 1.63 1.42

Based on: 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31).

1 Q3 2021 Calculation
Current ratio = Current assets ÷ Current liabilities
= 40,277 ÷ 41,358 = 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. Verizon Communications Inc. current ratio deteriorated from Q1 2021 to Q2 2021 but then improved from Q2 2021 to Q3 2021 not reaching Q1 2021 level.

Quick Ratio

Verizon Communications Inc., quick ratio calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
Selected Financial Data (US$ in millions)
Cash and cash equivalents 9,936  4,657  10,205  22,171  8,983  7,882  7,047  2,594  3,020  1,949  2,322  2,745  2,538  1,750  1,923  2,079  4,487  4,583  4,307  2,880  6,441  2,857  5,846 
Accounts receivable, net 22,195  21,257  22,507  23,917  22,617  22,672  23,797  25,429  24,713  24,926  24,469  25,102  24,012  23,099  22,595  23,493  21,549  19,771  16,863  17,513  14,832  13,294  12,485 
Total quick assets 32,131  25,914  32,712  46,088  31,600  30,554  30,844  28,023  27,733  26,875  26,791  27,847  26,550  24,849  24,518  25,572  26,036  24,354  21,170  20,393  21,273  16,151  18,331 
 
Current liabilities 41,358  40,078  38,730  39,660  36,185  38,886  41,057  44,868  39,209  38,214  38,607  37,930  34,167  32,329  31,615  33,037  28,930  27,758  26,664  30,340  30,298  34,408  33,312 
Liquidity Ratio
Quick ratio1 0.78 0.65 0.84 1.16 0.87 0.79 0.75 0.62 0.71 0.70 0.69 0.73 0.78 0.77 0.78 0.77 0.90 0.88 0.79 0.67 0.70 0.47 0.55
Benchmarks
Quick Ratio, Competitors2
AT&T Inc. 0.46 0.34 0.37 0.47 0.49 0.52 0.43 0.50 0.43 0.46 0.47 0.49 0.53 0.57 0.92 0.82 1.35 0.85 0.59 0.45 0.48 0.50 0.59
T-Mobile US Inc. 0.65 0.75 0.72 0.84 0.70 0.76 0.36 0.48 0.46 0.41 0.43 0.54 0.51 0.45 0.53 0.47 0.57 0.45 0.74 1.04 1.10 1.06 1.14

Based on: 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31).

1 Q3 2021 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 32,131 ÷ 41,358 = 0.78

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. Verizon Communications Inc. quick ratio deteriorated from Q1 2021 to Q2 2021 but then improved from Q2 2021 to Q3 2021 not reaching Q1 2021 level.

Cash Ratio

Verizon Communications Inc., cash ratio calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
Selected Financial Data (US$ in millions)
Cash and cash equivalents 9,936  4,657  10,205  22,171  8,983  7,882  7,047  2,594  3,020  1,949  2,322  2,745  2,538  1,750  1,923  2,079  4,487  4,583  4,307  2,880  6,441  2,857  5,846 
Total cash assets 9,936  4,657  10,205  22,171  8,983  7,882  7,047  2,594  3,020  1,949  2,322  2,745  2,538  1,750  1,923  2,079  4,487  4,583  4,307  2,880  6,441  2,857  5,846 
 
Current liabilities 41,358  40,078  38,730  39,660  36,185  38,886  41,057  44,868  39,209  38,214  38,607  37,930  34,167  32,329  31,615  33,037  28,930  27,758  26,664  30,340  30,298  34,408  33,312 
Liquidity Ratio
Cash ratio1 0.24 0.12 0.26 0.56 0.25 0.20 0.17 0.06 0.08 0.05 0.06 0.07 0.07 0.05 0.06 0.06 0.16 0.17 0.16 0.09 0.21 0.08 0.18
Benchmarks
Cash Ratio, Competitors2
AT&T Inc. 0.26 0.14 0.15 0.15 0.16 0.24 0.14 0.18 0.10 0.13 0.10 0.08 0.13 0.20 0.69 0.62 1.02 0.53 0.29 0.11 0.13 0.16 0.22
T-Mobile US Inc. 0.21 0.36 0.34 0.48 0.33 0.48 0.08 0.12 0.13 0.08 0.11 0.12 0.04 0.02 0.20 0.11 0.09 0.02 0.49 0.61 0.66 0.63 0.70

Based on: 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31).

1 Q3 2021 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 9,936 ÷ 41,358 = 0.24

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. Verizon Communications Inc. cash ratio deteriorated from Q1 2021 to Q2 2021 but then improved from Q2 2021 to Q3 2021 not reaching Q1 2021 level.