Stock Analysis on Net

Verizon Communications Inc. (NYSE:VZ)

Analysis of Liquidity Ratios
Quarterly Data

Microsoft Excel

Liquidity Ratios (Summary)

Verizon Communications Inc., liquidity ratios (quarterly data)

Microsoft Excel
Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 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
Current ratio 0.69 0.68 0.73 0.75 0.75 0.75 0.76 0.76 0.78 0.97 0.89 1.02 1.38 1.07 0.96 0.99 0.84 0.89 0.87 0.87
Quick ratio 0.51 0.50 0.54 0.53 0.54 0.48 0.52 0.54 0.57 0.78 0.65 0.84 1.16 0.87 0.79 0.75 0.62 0.71 0.70 0.69
Cash ratio 0.04 0.08 0.09 0.05 0.05 0.04 0.04 0.04 0.06 0.24 0.12 0.26 0.56 0.25 0.20 0.17 0.06 0.08 0.05 0.06

Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 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).

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 Q2 2023 to Q3 2023 but then slightly improved from Q3 2023 to Q4 2023.
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 Q2 2023 to Q3 2023 but then slightly improved from Q3 2023 to Q4 2023.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Verizon Communications Inc. cash ratio deteriorated from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.

Current Ratio

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

Microsoft Excel
Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 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
Selected Financial Data (US$ in millions)
Current assets 36,814 38,119 37,388 35,722 37,857 39,746 37,499 35,580 36,728 40,277 35,626 39,647 54,594 38,572 37,333 40,705 37,473 34,895 33,308 33,397
Current liabilities 53,223 55,677 51,404 47,768 50,171 53,141 49,224 46,585 47,160 41,358 40,078 38,730 39,660 36,185 38,886 41,057 44,868 39,209 38,214 38,607
Liquidity Ratio
Current ratio1 0.69 0.68 0.73 0.75 0.75 0.75 0.76 0.76 0.78 0.97 0.89 1.02 1.38 1.07 0.96 0.99 0.84 0.89 0.87 0.87
Benchmarks
Current Ratio, Competitors2
AT&T Inc. 0.71 0.69 0.68 0.51 0.59 0.62 0.70 0.93 0.70 0.70 0.77 0.82 0.82 0.84 0.81 0.76 0.79 0.74 0.71 0.72
T-Mobile US Inc. 0.91 0.86 0.82 0.79 0.77 0.81 0.85 0.81 0.89 0.87 0.94 0.96 1.10 0.98 1.05 0.64 0.74 0.66 0.62 0.66

Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 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).

1 Q4 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 36,814 ÷ 53,223 = 0.69

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 Q2 2023 to Q3 2023 but then slightly improved from Q3 2023 to Q4 2023.

Quick Ratio

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

Microsoft Excel
Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 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
Selected Financial Data (US$ in millions)
Cash and cash equivalents 2,065 4,210 4,803 2,234 2,605 2,082 1,857 1,661 2,921 9,936 4,657 10,205 22,171 8,983 7,882 7,047 2,594 3,020 1,949 2,322
Accounts receivable, net 25,085 23,602 23,186 22,856 24,506 23,670 23,909 23,615 23,846 22,195 21,257 22,507 23,917 22,617 22,672 23,797 25,429 24,713 24,926 24,469
Total quick assets 27,150 27,812 27,989 25,090 27,111 25,752 25,766 25,276 26,767 32,131 25,914 32,712 46,088 31,600 30,554 30,844 28,023 27,733 26,875 26,791
 
Current liabilities 53,223 55,677 51,404 47,768 50,171 53,141 49,224 46,585 47,160 41,358 40,078 38,730 39,660 36,185 38,886 41,057 44,868 39,209 38,214 38,607
Liquidity Ratio
Quick ratio1 0.51 0.50 0.54 0.53 0.54 0.48 0.52 0.54 0.57 0.78 0.65 0.84 1.16 0.87 0.79 0.75 0.62 0.71 0.70 0.69
Benchmarks
Quick Ratio, Competitors2
AT&T Inc. 0.33 0.32 0.35 0.22 0.27 0.26 0.31 0.68 0.45 0.46 0.34 0.37 0.47 0.49 0.52 0.43 0.50 0.43 0.46 0.47
T-Mobile US Inc. 0.68 0.64 0.65 0.58 0.57 0.62 0.62 0.58 0.66 0.65 0.75 0.72 0.84 0.70 0.76 0.36 0.48 0.46 0.41 0.43

Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 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).

1 Q4 2023 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 27,150 ÷ 53,223 = 0.51

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 Q2 2023 to Q3 2023 but then slightly improved from Q3 2023 to Q4 2023.

Cash Ratio

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

Microsoft Excel
Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 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
Selected Financial Data (US$ in millions)
Cash and cash equivalents 2,065 4,210 4,803 2,234 2,605 2,082 1,857 1,661 2,921 9,936 4,657 10,205 22,171 8,983 7,882 7,047 2,594 3,020 1,949 2,322
Total cash assets 2,065 4,210 4,803 2,234 2,605 2,082 1,857 1,661 2,921 9,936 4,657 10,205 22,171 8,983 7,882 7,047 2,594 3,020 1,949 2,322
 
Current liabilities 53,223 55,677 51,404 47,768 50,171 53,141 49,224 46,585 47,160 41,358 40,078 38,730 39,660 36,185 38,886 41,057 44,868 39,209 38,214 38,607
Liquidity Ratio
Cash ratio1 0.04 0.08 0.09 0.05 0.05 0.04 0.04 0.04 0.06 0.24 0.12 0.26 0.56 0.25 0.20 0.17 0.06 0.08 0.05 0.06
Benchmarks
Cash Ratio, Competitors2
AT&T Inc. 0.13 0.15 0.18 0.05 0.07 0.05 0.08 0.47 0.25 0.26 0.14 0.15 0.15 0.16 0.24 0.14 0.18 0.10 0.13 0.10
T-Mobile US Inc. 0.25 0.23 0.27 0.19 0.18 0.26 0.15 0.15 0.28 0.21 0.36 0.34 0.48 0.33 0.48 0.08 0.12 0.13 0.08 0.11

Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 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).

1 Q4 2023 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 2,065 ÷ 53,223 = 0.04

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 Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.