Hims Hers Health Inc (HIMS)
Cash ratio
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 220,584 | 165,518 | 129,295 | 105,237 | 96,663 | 57,996 | 65,417 | 48,745 | 46,772 | 57,964 | 55,033 | 48,284 | 71,784 | 64,772 | 107,145 | 88,169 | 27,344 | 1,258 | 1,386 | 1,482 |
| Short-term investments | US$ in thousands | 79,667 | 88,553 | 97,997 | 98,355 | 124,318 | 154,501 | 127,725 | 135,648 | 132,900 | 140,427 | 139,944 | 154,769 | 175,500 | 187,653 | 210,178 | 235,097 | 72,864 | 59,146 | — | — |
| Total current liabilities | US$ in thousands | 221,367 | 152,645 | 108,671 | 93,324 | 88,468 | 82,545 | 66,547 | 56,283 | 47,941 | 66,818 | 55,623 | 48,500 | 79,221 | 52,498 | 27,344 | 19,680 | 15,228 | 3,038 | 1,168 | 1,167 |
| Cash ratio | 1.36 | 1.66 | 2.09 | 2.18 | 2.50 | 2.57 | 2.90 | 3.28 | 3.75 | 2.97 | 3.51 | 4.19 | 3.12 | 4.81 | 11.60 | 16.43 | 6.58 | 19.88 | 1.19 | 1.27 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($220,584K
+ $79,667K)
÷ $221,367K
= 1.36
The cash ratio of Hims Hers Health Inc, which measures the company's ability to cover its short-term liabilities with its cash and cash equivalents, fluctuated over the period from March 31, 2020, to December 31, 2024.
The cash ratio started at a relatively healthy level of 1.27 as of March 31, 2020, indicating that the company had $1.27 in cash and cash equivalents for every $1 of its current liabilities. However, it decreased slightly to 1.19 as of June 30, 2020.
There was a significant surge in the cash ratio to 19.88 as of September 30, 2020, suggesting a significant increase in cash or reduction in short-term liabilities during that period. This sudden spike may have been influenced by specific events or changes in the company's financial position.
Subsequently, the cash ratio decreased but remained relatively elevated at 6.58 as of December 31, 2020, before climbing to 16.43 by March 31, 2021. The company appeared to have a strong liquidity position during this time.
However, the cash ratio started to gradually decline from June 30, 2021, to reach 1.36 by December 31, 2024. This downward trend indicates that the company's cash and cash equivalents may be declining relative to its short-term liabilities over this period.
Overall, while the cash ratio of Hims Hers Health Inc experienced fluctuations during the period under consideration, it generally started with a healthy level, saw a significant increase at one point, and then gradually declined towards the end of the period. This indicates that the company's liquidity position varied over time and may warrant further investigation to understand the factors driving these changes.
Peer comparison
Dec 31, 2024