Regardless of the sequential decrease in Current Liabilities, during the second quarter 2022, Quick Ratio deteriorated to 0.12 below Covetrus's average Quick Ratio.

Within Pharmacy Services & Retail Drugstore industry 14 other companies have achieved higher Quick Ratio than Covetrus in second quarter 2022. While Quick Ratio total ranking in the second quarter 2022 has deteriorated compared to the prior quarter from 4378 to 5259.

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CVET Quick Ratio	(Jun 30 2022) Q2	(Mar 31 2022) Q1	(Dec 31 2021) Q4	(Sep 30 2021) Q3	(Jun 30 2021) Q2
Y / Y Current Liabilities Change	3.39 %	11.73 %	35.27 %	7.37 %	-1.53 %
Y / Y Cash & cash equivalent Change	-62.17 %	-44.55 %	-36.9 %	-47.32 %	-44.44 %
Quick Ratio MRQ	0.12	0.15	0.26	0.26	0.32
CVET's Total Ranking	# 5259	# 4378	# 4108	# 3894	# 3933
Seq. Current Liabilities Change	-3.81 %	9.17 %	-2.24 %	0.71 %	3.96 %
Seq. Cash & cash equivalent Change	-25.64 %	-36.07 %	-2.14 %	-18.7 %	9 %

Quick Ratio second quarter 2022 Company Ranking
Within:	No.
Pharmacy Services & Retail Drugstore Industry	# 15
Retail Sector	# 186
Overall Market	# 5259

Quick Ratio Statistics
High	Average	Low
0.58	0.26	0.05
(Jun 30 2020)

Financial Statements
Covetrus's Current Liabilities	$ 733 Millions	Visit CVET's Balance sheet
Covetrus's Cash & cash equivalent	$ 87 Millions	Visit CVET's Balance sheet
Source of CVET's Sales		Visit CVET's Sales by Geography

Cumulative Covetrus's Quick Ratio

CVET's Quick Ratio for the trailling 12 Months

CVET Quick Ratio	(Jun 30 2022) 12 Months	(Mar 31 2022) 12 Months	(Dec 31 2021) 12 Months	(Sep 30 2021) 12 Months	(Jun 30 2021) 12 Months
Y / Y Current Liabilities TTM Growth	13.02 %	11.61 %	3.78 %	-12.63 %	-16.66 %
Y / Y Cash & cash equivalent TTM Growth	-47.15 %	-43.54 %	-35.84 %	-16.85 %	32.93 %
Quick Ratio TTM	0.2	0.25	0.29	0.35	0.42
Total Ranking TTM	# 5627	# 5623	# 3759	# 5606	# 5596
Seq. Current Liabilities TTM Growth	0.83 %	2.85 %	6.94 %	1.91 %	-0.43 %
Seq. Cash & cash equivalent TTM Growth	-19.94 %	-11.59 %	-11.66 %	-15.47 %	-14.49 %

Quick ratio ranking by company, industry and sector >> Back to CVET Financial Strength Comparisons >> Go to Compare CVET Quick Ratio to its Competitors

On the trailing twelve months basis Due to decrease in Current Liabilities in the Q2 2022 to $733.00 millions, cumulative Quick Ratio decreased to 0.2 below the Covetrus Inc. average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Pharmacy Services & Retail Drugstore industry 19 other companies have achieved higher Quick Ratio than Covetrus. While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the first quarter 2022 from 5623 to 5627.

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TTM Quick Ratio Company Ranking
Within:	No.
Within the Pharmacy Services & Retail Drugstore Industry	# 20
Retail Sector	# 234
Within the Market	# 5627

trailing twelve months Quick Ratio Statistics
High	Average	Low
0.43	0.27	0.06
(Jun 30 2021)		(Dec 31 2019)

Companies with similar Quick Ratio in the quarter ending Jun 30 2022, within Pharmacy Services & Retail Drugstore Industry	Quick Ratio	Jun 30 2022 MRQ Cash & cash equivalent	Jun 30 2022 MRQ Current Liabilities
111 Inc	0.32	$ 127.520 Millions	$ 395.103 Millions
Bimi International Medical Inc	0.25	$ 5.034 Millions	$ 19.971 Millions
General Cannabis Corp	0.25	$ 1.073 Millions	$ 4.267 Millions
Cvs Health Corporation	0.22	$ 14,993.000 Millions	$ 67,206.000 Millions
Walgreens Boots Alliance Inc	0.20	$ 4,458.000 Millions	$ 21,797.000 Millions
Cardinal Health Inc	0.15	$ 4,717.000 Millions	$ 31,498.000 Millions
Covetrus Inc.	0.12	$ 87.000 Millions	$ 733.000 Millions
Artemis Strategic Investment Corp	0.10	$ 0.497 Millions	$ 4.839 Millions
Mckesson Corporation	0.05	$ 2,233.000 Millions	$ 46,908.000 Millions
Petiq Inc	0.05	$ 5.396 Millions	$ 119.170 Millions
Merion Inc.	0.02	$ 0.038 Millions	$ 1.565 Millions

Date modified: 2026-09-08T15:10:40+00:00

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