Hims Hers Health Inc (HIMS)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 265,053 | 216,595 | 269,905 | 113,084 | 1,658 |
| Total current liabilities | US$ in thousands | 88,468 | 47,941 | 79,221 | 15,228 | 979 |
| Current ratio | 3.00 | 4.52 | 3.41 | 7.43 | 1.69 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $265,053K ÷ $88,468K
= 3.00
The current ratio of Hims Hers Health Inc has fluctuated over the past five years. As of December 31, 2023, the current ratio stands at 3.00, indicating that the company has $3 in current assets for every $1 in current liabilities. This ratio has decreased compared to the previous year's ratio of 4.52. The significant drop in the current ratio suggests a potential weakening of the company's liquidity position in the most recent year. However, it is important to note that the current ratio remains above 1, which generally indicates that the company can meet its short-term obligations. Further analysis and comparison with industry benchmarks may be necessary to fully assess the implications of this trend on Hims Hers Health Inc's financial health.