Haemonetics Corporation (HAE)
Current ratio
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 | Sep 30, 2019 | Jun 30, 2019 | ||
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Total current assets | US$ in thousands | 768,903 | 764,982 | 865,744 | 801,607 | 769,722 | 706,309 | 715,789 | 687,783 | 756,031 | 729,455 | 699,246 | 684,368 | 693,546 | 668,348 | 760,279 | 759,410 | 603,639 | 582,575 | 567,789 | 615,278 |
Total current liabilities | US$ in thousands | 300,383 | 261,755 | 264,215 | 236,939 | 251,816 | 226,889 | 262,175 | 180,487 | 442,266 | 355,411 | 288,470 | 228,339 | 253,495 | 194,384 | 338,568 | 407,827 | 274,822 | 256,692 | 240,066 | 293,665 |
Current ratio | 2.56 | 2.92 | 3.28 | 3.38 | 3.06 | 3.11 | 2.73 | 3.81 | 1.71 | 2.05 | 2.42 | 3.00 | 2.74 | 3.44 | 2.25 | 1.86 | 2.20 | 2.27 | 2.37 | 2.10 |
March 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $768,903K ÷ $300,383K
= 2.56
Haemonetics Corporation's current ratio has exhibited fluctuations over the past few quarters. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A higher current ratio is generally indicative of stronger liquidity and financial health.
As of March 31, 2024, the current ratio stands at 2.56, which indicates that the company has $2.56 in current assets for every $1 in current liabilities. This ratio has decreased from the previous quarter, where it was 2.92, and is lower than the company's performance in the second and third quarters of 2023.
Looking further back, Haemonetics Corporation showed a notable decline in the current ratio in the first quarter of 2022, reaching 1.71. However, the ratio improved significantly in the second quarter of 2022, peaking at 3.81, suggesting a strong liquidity position at that time.
Overall, the current ratio fluctuates, indicating varying levels of liquidity and ability to meet short-term obligations. Investors and analysts may want to examine the underlying reasons for these fluctuations to assess the company's financial stability and operational efficiency.
Peer comparison
Mar 31, 2024