Stock Analysis on Net
Stock Analysis on Net

Waste Management Inc. (NYSE:WM)

Analysis of Liquidity Ratios
Quarterly Data

Beginner level

Liquidity Ratios (Summary)

Waste Management Inc., liquidity ratios (quarterly data)

Microsoft Excel LibreOffice Calc
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 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Current ratio 1.20 0.88 1.84 1.97 1.86 1.70 0.69 0.85 0.87 0.75 0.74 0.80 0.71 0.84 0.87 0.85 0.86 0.81 0.90 0.93 0.98 1.03 1.15
Quick ratio 1.04 0.83 1.72 1.87 1.74 1.58 0.59 0.75 0.79 0.68 0.67 0.73 0.63 0.76 0.78 0.77 0.78 0.73 0.82 0.85 0.87 0.90 1.01
Cash ratio 0.25 0.46 1.02 1.13 0.98 0.79 0.02 0.02 0.03 0.01 0.02 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.04 0.02 0.05 0.11 0.12

Based on: 10-Q (filing date: 2020-11-02), 10-Q (filing date: 2020-07-30), 10-Q (filing date: 2020-05-06), 10-K (filing date: 2020-02-13), 10-Q (filing date: 2019-10-23), 10-Q (filing date: 2019-07-25), 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-02-14), 10-Q (filing date: 2018-10-25), 10-Q (filing date: 2018-07-25), 10-Q (filing date: 2018-04-23), 10-K (filing date: 2018-02-15), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-26), 10-Q (filing date: 2017-04-26), 10-K (filing date: 2017-02-16), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-28), 10-K (filing date: 2016-02-18), 10-Q (filing date: 2015-10-27), 10-Q (filing date: 2015-07-23), 10-Q (filing date: 2015-04-29).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Waste Management Inc.’s current ratio deteriorated from Q1 2020 to Q2 2020 but then slightly improved from Q2 2020 to Q3 2020.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Waste Management Inc.’s quick ratio deteriorated from Q1 2020 to Q2 2020 but then slightly improved from Q2 2020 to Q3 2020.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Waste Management Inc.’s cash ratio deteriorated from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.

Current Ratio

Waste Management Inc., current ratio calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Current assets 3,357  5,106  5,635  6,209  5,560  4,836  2,488  2,645  2,675  2,471  2,491  2,624  2,300  2,326  2,223  2,376  2,293  2,276  2,302  2,345  2,399  2,553  2,617 
Current liabilities 2,806  5,772  3,070  3,144  2,989  2,846  3,612  3,108  3,070  3,305  3,373  3,262  3,259  2,770  2,558  2,794  2,664  2,806  2,560  2,510  2,442  2,477  2,273 
Liquidity Ratio
Current ratio1 1.20 0.88 1.84 1.97 1.86 1.70 0.69 0.85 0.87 0.75 0.74 0.80 0.71 0.84 0.87 0.85 0.86 0.81 0.90 0.93 0.98 1.03 1.15
Benchmarks
Current Ratio, Competitors2
Accenture PLC 1.37 1.38 1.39 1.40 1.34 1.35 1.33 1.34 1.29 1.31 1.25 1.23 1.22 1.29 1.24 1.35 1.42 1.41 1.25 1.36 1.40 1.47 1.42
Automatic Data Processing Inc. 1.03 1.02 1.01 1.05 1.04 1.05 1.03 1.05 1.05 1.06 1.10 1.10 1.09 1.09 1.13 1.10 1.08 1.10 1.13 1.06 1.07 1.06 1.11

Based on: 10-Q (filing date: 2020-11-02), 10-Q (filing date: 2020-07-30), 10-Q (filing date: 2020-05-06), 10-K (filing date: 2020-02-13), 10-Q (filing date: 2019-10-23), 10-Q (filing date: 2019-07-25), 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-02-14), 10-Q (filing date: 2018-10-25), 10-Q (filing date: 2018-07-25), 10-Q (filing date: 2018-04-23), 10-K (filing date: 2018-02-15), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-26), 10-Q (filing date: 2017-04-26), 10-K (filing date: 2017-02-16), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-28), 10-K (filing date: 2016-02-18), 10-Q (filing date: 2015-10-27), 10-Q (filing date: 2015-07-23), 10-Q (filing date: 2015-04-29).

1 Q3 2020 Calculation
Current ratio = Current assets ÷ Current liabilities
= 3,357 ÷ 2,806 = 1.20

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. Waste Management Inc.’s current ratio deteriorated from Q1 2020 to Q2 2020 but then slightly improved from Q2 2020 to Q3 2020.

Quick Ratio

Waste Management Inc., quick ratio calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Cash and cash equivalents 703  2,663  3,125  3,561  2,915  2,250  57  61  83  47  52  22  35  32  30  32  30  39  104  39  113  273  277 
Accounts receivable, net of allowance for doubtful accounts 1,927  1,888  1,846  1,949  2,010  2,017  1,830  1,931  1,943  1,838  1,700  1,805  1,790  1,772  1,634  1,700  1,716  1,650  1,532  1,549  1,570  1,578  1,489 
Other receivables, net of allowance for doubtful accounts 290  219  322  370  270  243  251  344  399  351  504  569  212  305  338  432  324  373  456  545  432  375  519 
Total quick assets 2,920  4,770  5,293  5,880  5,195  4,510  2,138  2,336  2,425  2,236  2,256  2,396  2,037  2,109  2,002  2,164  2,070  2,062  2,092  2,133  2,115  2,226  2,285 
 
Current liabilities 2,806  5,772  3,070  3,144  2,989  2,846  3,612  3,108  3,070  3,305  3,373  3,262  3,259  2,770  2,558  2,794  2,664  2,806  2,560  2,510  2,442  2,477  2,273 
Liquidity Ratio
Quick ratio1 1.04 0.83 1.72 1.87 1.74 1.58 0.59 0.75 0.79 0.68 0.67 0.73 0.63 0.76 0.78 0.77 0.78 0.73 0.82 0.85 0.87 0.90 1.01
Benchmarks
Quick Ratio, Competitors2
Accenture PLC 1.25 1.25 1.28 1.29 1.22 1.23 1.22 1.24 1.19 1.19 1.13 1.12 1.11 1.17 1.15 1.25 1.22 1.19 1.07 1.18 1.21 1.27 1.24
Automatic Data Processing Inc. 0.12 0.10 0.25 0.13 0.11 0.18 0.13 0.14 0.12 0.10 0.15 0.15 0.13 0.14 0.16 0.14 0.12 0.14 0.18 0.12 0.11 0.09 0.15

Based on: 10-Q (filing date: 2020-11-02), 10-Q (filing date: 2020-07-30), 10-Q (filing date: 2020-05-06), 10-K (filing date: 2020-02-13), 10-Q (filing date: 2019-10-23), 10-Q (filing date: 2019-07-25), 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-02-14), 10-Q (filing date: 2018-10-25), 10-Q (filing date: 2018-07-25), 10-Q (filing date: 2018-04-23), 10-K (filing date: 2018-02-15), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-26), 10-Q (filing date: 2017-04-26), 10-K (filing date: 2017-02-16), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-28), 10-K (filing date: 2016-02-18), 10-Q (filing date: 2015-10-27), 10-Q (filing date: 2015-07-23), 10-Q (filing date: 2015-04-29).

1 Q3 2020 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 2,920 ÷ 2,806 = 1.04

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. Waste Management Inc.’s quick ratio deteriorated from Q1 2020 to Q2 2020 but then slightly improved from Q2 2020 to Q3 2020.

Cash Ratio

Waste Management Inc., cash ratio calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Cash and cash equivalents 703  2,663  3,125  3,561  2,915  2,250  57  61  83  47  52  22  35  32  30  32  30  39  104  39  113  273  277 
Total cash assets 703  2,663  3,125  3,561  2,915  2,250  57  61  83  47  52  22  35  32  30  32  30  39  104  39  113  273  277 
 
Current liabilities 2,806  5,772  3,070  3,144  2,989  2,846  3,612  3,108  3,070  3,305  3,373  3,262  3,259  2,770  2,558  2,794  2,664  2,806  2,560  2,510  2,442  2,477  2,273 
Liquidity Ratio
Cash ratio1 0.25 0.46 1.02 1.13 0.98 0.79 0.02 0.02 0.03 0.01 0.02 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.04 0.02 0.05 0.11 0.12
Benchmarks
Cash Ratio, Competitors2
Accenture PLC 0.54 0.49 0.52 0.55 0.45 0.44 0.43 0.50 0.41 0.38 0.37 0.42 0.37 0.39 0.44 0.55 0.43 0.40 0.36 0.51 0.51 0.54 0.55
Automatic Data Processing Inc. 0.05 0.04 0.17 0.06 0.05 0.09 0.05 0.07 0.06 0.05 0.08 0.09 0.08 0.08 0.10 0.09 0.07 0.09 0.12 0.06 0.06 0.05 0.09

Based on: 10-Q (filing date: 2020-11-02), 10-Q (filing date: 2020-07-30), 10-Q (filing date: 2020-05-06), 10-K (filing date: 2020-02-13), 10-Q (filing date: 2019-10-23), 10-Q (filing date: 2019-07-25), 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-02-14), 10-Q (filing date: 2018-10-25), 10-Q (filing date: 2018-07-25), 10-Q (filing date: 2018-04-23), 10-K (filing date: 2018-02-15), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-26), 10-Q (filing date: 2017-04-26), 10-K (filing date: 2017-02-16), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-28), 10-K (filing date: 2016-02-18), 10-Q (filing date: 2015-10-27), 10-Q (filing date: 2015-07-23), 10-Q (filing date: 2015-04-29).

1 Q3 2020 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 703 ÷ 2,806 = 0.25

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. Waste Management Inc.’s cash ratio deteriorated from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.