Cash and Equivalents breakdown for CignaCash or Cash Equivalents are the most liquid of all assets found on company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually 3 months).
Cigna Cash and Equivalents Assessment
In accordance with recently published financial statements Cigna Corp has 3.43 B in Cash and Equivalents. This is 400.08% higher than that of Healthcare sector, and 26.53% lower than that of Health Care Plans industry, The Cash and Equivalents for all stocks is 25.43% lower than the firm.
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Cash and Equivalents ComparisonCigna is rated fifth in cash and equivalents category among related companies.
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