Embecta Corp (EMBC)

Cash ratio

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
Cash and cash equivalents US$ in thousands 298,700 326,500 317,400 346,400 385,200 330,900 292,300 264,300 0
Short-term investments US$ in thousands
Total current liabilities US$ in thousands 326,600 353,500 385,800 357,700 370,300 301,000 228,500 168,900 159,100
Cash ratio 0.91 0.92 0.82 0.97 1.04 1.10 1.28 1.56 0.00

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($298,700K + $—K) ÷ $326,600K
= 0.91

The cash ratio of Embecta Corp has shown some fluctuations over the past few quarters. The ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents.

In the most recent quarter, the cash ratio was 0.91, indicating that Embecta Corp had $0.91 in cash and cash equivalents for every dollar of current liabilities. This ratio has been relatively stable around the range of 0.82 to 0.97 over the last year, with a peak of 1.56 in March 2022.

Overall, the cash ratio of Embecta Corp suggests that the company has a moderate ability to cover its short-term obligations with its available cash reserves. It is important for the company to maintain a healthy cash position to ensure its ability to meet its financial commitments in the near term.


Peer comparison

Dec 31, 2023