GlaxoSmithKline PLC

Published by Stock Analysis on Net

Last updated: 2018-02-11 06:27:30

Quick Ratio

2016 2015 2014 2013

Selected Financial Data

GBP in millions

Cash and cash equivalents 4,897 5,830 4,338 5,534
Short-term investments 89 75 69 66
Current receivables, net 6,026 5,615 4,600 5,442
11,012
11,520
9,007
11,042
Current liabilities 19,001 13,417 13,295 13,677

Ratio

Quick ratio 0.58 0.86 0.68 0.81

2016 calculation:

Quick ratio = (Cash and cash equivalents + Short-term investments + Current receivables, net) ÷ Current liabilities
= (4,897 + 89 + 6,026) ÷ 19,001 = 0.58