Liquidity ratios measure the company ability to meet its short-term obligations.

Waste Management Inc., liquidity ratios (quarterly data)

	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	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017
Current ratio	0.75	0.78	0.88	1.01	1.00	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
Quick ratio	0.65	0.68	0.76	0.88	0.89	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
Cash ratio	0.03	0.03	0.04	0.14	0.16	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

Download chart

Liquidity ratio	Description	The company
Current ratio	A liquidity ratio calculated as current assets divided by current liabilities.	Waste Management Inc. current ratio deteriorated from Q2 2021 to Q3 2021 and from Q3 2021 to Q4 2021.
Quick ratio	A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities.	Waste Management Inc. quick ratio deteriorated from Q2 2021 to Q3 2021 and from Q3 2021 to Q4 2021.
Cash ratio	A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities.	Waste Management Inc. cash ratio deteriorated from Q2 2021 to Q3 2021 but then slightly improved from Q3 2021 to Q4 2021.

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

	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	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017
Selected Financial Data (US$ in millions)
Current assets	3,069)	3,184)	3,226)	3,327)	3,540)	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)
Current liabilities	4,082)	4,102)	3,683)	3,285)	3,553)	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)
Liquidity Ratio
Current ratio¹	0.75	0.78	0.88	1.01	1.00	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

¹ Q4 2021 Calculation
Current ratio = Current assets ÷ Current liabilities
= 3,069 ÷ 4,082 = 0.75

Download chart

Liquidity ratio	Description	The company
Current ratio	A liquidity ratio calculated as current assets divided by current liabilities.	Waste Management Inc. current ratio deteriorated from Q2 2021 to Q3 2021 and from Q3 2021 to Q4 2021.

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

	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	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017
Selected Financial Data (US$ in millions)
Cash and cash equivalents	118)	116)	148)	476)	553)	703)	2,663)	3,125)	3,561)	2,915)	2,250)	57)	61)	83)	47)	52)	22)	35)	32)	30)
Accounts receivable, net of allowance for doubtful accounts	2,278)	2,323)	2,195)	2,025)	2,097)	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)
Other receivables, net of allowance for doubtful accounts	268)	346)	450)	402)	527)	290)	219)	322)	370)	270)	243)	251)	344)	399)	351)	504)	569)	212)	305)	338)
Total quick assets	2,664)	2,785)	2,793)	2,903)	3,177)	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)

Current liabilities	4,082)	4,102)	3,683)	3,285)	3,553)	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)
Liquidity Ratio
Quick ratio¹	0.65	0.68	0.76	0.88	0.89	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

¹ Q4 2021 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 2,664 ÷ 4,082 = 0.65

Download chart

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. quick ratio deteriorated from Q2 2021 to Q3 2021 and from Q3 2021 to Q4 2021.

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

	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	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017
Selected Financial Data (US$ in millions)
Cash and cash equivalents	118)	116)	148)	476)	553)	703)	2,663)	3,125)	3,561)	2,915)	2,250)	57)	61)	83)	47)	52)	22)	35)	32)	30)
Total cash assets	118)	116)	148)	476)	553)	703)	2,663)	3,125)	3,561)	2,915)	2,250)	57)	61)	83)	47)	52)	22)	35)	32)	30)

Current liabilities	4,082)	4,102)	3,683)	3,285)	3,553)	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)
Liquidity Ratio
Cash ratio¹	0.03	0.03	0.04	0.14	0.16	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

¹ Q4 2021 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 118 ÷ 4,082 = 0.03

Download chart

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. cash ratio deteriorated from Q2 2021 to Q3 2021 but then slightly improved from Q3 2021 to Q4 2021.

Waste Management Inc. (NYSE:WM)

Analysis of Liquidity Ratios
Quarterly Data