GlaxoSmithKline Current Ratio Trend from 2010 to 2020

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GSK -- USA Stock  

Report: 22nd of July 2020  

GlaxoSmithKline PLC Current Ratio is decreasing with slightly volatile movements from year to year. Current Ratio is estimated to finish at 0.86 this year. For the period between 2010 and 2020, GlaxoSmithKline PLC, Current Ratio quarterly trend regression had mean deviation of 0.19 and range of  0.85. GlaxoSmithKline PLC Operating Expenses is increasing as compared to previous years. The last year's value of Operating Expenses was reported at 14.93 Billion. The current Revenues is estimated to increase to about 33.9 B, while Cost of Revenue is estimated to decrease to under 11.4 B.

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Check GlaxoSmithKline PLC financial statements over time to gain insight into the future company performance. Apply historical fundamental analysis to find patterns among financial statement drivers such as Direct Expenses of 10 B, Consolidated Income of 4.6 B or Cost of Revenue of 11.4 B, as well as many exotic indicators such as Interest Coverage of 158, Long Term Debt to Equity of 2.7 or Calculated Tax Rate of 23.02. This can be a perfect complement to check GlaxoSmithKline PLC Valuation or Volatility. It can also complement various GlaxoSmithKline PLC Technical models. Please check the analysis of GlaxoSmithKline PLC Correlation with competitors.

GlaxoSmithKline Current Ratio Marginal Breakdown

Showing smoothed Current Ratio of GlaxoSmithKline PLC with missing and latest data points interpolated. The ratio between Current Assets and Current Liabilities; for companies that operate a classified balance sheet.
ViewLast Reported 0.87 X10 Years Trend
Decreasing
Slightly volatile
 Current Ratio 
      Timeline 

GlaxoSmithKline Current Ratio Regression Statistics

Arithmetic Mean 0.99
Geometric Mean 0.96
Coefficient Of Variation 24.35
Mean Deviation 0.19
Median 0.99
Standard Deviation 0.24
Sample Variance 0.06
Range 0.85
R-Value(0.75)
Mean Square Error 0.028024
R-Squared 0.56
Significance 0.007691
Slope(0.05)
Total Sum of Squares 0.58

GlaxoSmithKline Current Ratio Over Time

2010  1.45 
2011  1.08 
2012  0.99 
2013  1.11 
2014  1.10 
2015  1.24 
2016  0.88 
2017  0.60 
2018  0.75 
2019  0.81 
2020  0.86 

About GlaxoSmithKline PLC Financial Statement Charts

There are typically three primary documents that fall into the category of financial statements. These documents include GlaxoSmithKline PLC income statement, its balance sheet, and the statement of cash flows. GlaxoSmithKline PLC investors use historical funamental indicators, such as GlaxoSmithKline PLC's Current Ratio, to determine how well the company is positioned to perform in the future. Although GlaxoSmithKline PLC investors may use each financial statement separately, they are all related. The changes in GlaxoSmithKline PLC's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on GlaxoSmithKline PLC's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on GlaxoSmithKline PLC Financial Statements. Understanding these patterns can help to make the right decision on long term investment in GlaxoSmithKline PLC. Please read more on our technical analysis and fundamental analysis pages.
 2017 2018 2019 2020 (projected)
Receivables5.67 B6.08 B6.87 B5.97 B
Inventories5.56 B5.48 B5.95 B5.09 B

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Please check the analysis of GlaxoSmithKline PLC Correlation with competitors. Please also try Theme Ratings module to determine theme ratings based on digital equity recommendations. macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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