Becton Dickinson and Company (BDX)
Cash ratio
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,717,000 | 4,459,000 | 2,348,000 | 1,180,000 | 1,416,000 | 923,000 | 1,981,000 | 612,000 | 1,006,000 | 2,558,000 | 3,147,000 | 1,903,000 | 2,283,000 | 3,153,000 | 3,734,000 | 3,248,000 | 2,825,000 | 2,882,000 | 2,351,000 | 560,000 |
| Short-term investments | US$ in thousands | 445,000 | 851,000 | 827,000 | 2,000 | 8,000 | 8,000 | 6,000 | 0 | 8,000 | 14,000 | 15,000 | 8,000 | 12,000 | 24,000 | 24,000 | 17,000 | 20,000 | 22,000 | 6,000 | 8,000 |
| Total current liabilities | US$ in thousands | 8,956,000 | 6,605,000 | 7,327,000 | 7,540,000 | 6,641,000 | 6,878,000 | 7,304,000 | 7,625,000 | 7,811,000 | 7,080,000 | 6,657,000 | 6,735,000 | 6,626,000 | 7,749,000 | 5,376,000 | 7,021,000 | 5,836,000 | 6,067,000 | 8,755,000 | 6,726,000 |
| Cash ratio | 0.24 | 0.80 | 0.43 | 0.16 | 0.21 | 0.14 | 0.27 | 0.08 | 0.13 | 0.36 | 0.47 | 0.28 | 0.35 | 0.41 | 0.70 | 0.47 | 0.49 | 0.48 | 0.27 | 0.08 |
September 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,717,000K
+ $445,000K)
÷ $8,956,000K
= 0.24
The cash ratio of Becton Dickinson and Company has shown fluctuations over the past few quarters. The cash ratio measures a company's ability to cover its short-term liabilities with cash and cash equivalents. A higher cash ratio indicates a stronger ability to cover short-term obligations.
Looking at the data, we can see that the cash ratio ranged from a low of 0.08 in December 2022 to a high of 0.80 in June 2024. The significant increase in the cash ratio from September 2024 to June 2024 indicates that the company had a higher proportion of cash and cash equivalents relative to its current liabilities during that period.
The cash ratio dipped to its lowest point in December 2022, suggesting potential liquidity challenges for the company at that time. However, it steadily improved in subsequent quarters, reaching a peak in June 2024.
Overall, the trend in the cash ratio for Becton Dickinson and Company indicates fluctuations in its liquidity position over the analyzed period. It is essential for the company to maintain a healthy cash ratio to ensure it can meet its short-term obligations effectively.
Peer comparison
Sep 30, 2024