Hims Hers Health Inc (HIMS)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 395,831 | 326,375 | 290,918 | 261,734 | 265,053 | 250,219 | 234,648 | 225,525 | 216,595 | 233,455 | 230,485 | 231,946 | 269,905 | 274,233 | 336,342 | 340,196 | 113,084 | 1,333 | 1,476 | 1,599 |
| 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 |
| Current ratio | 1.79 | 2.14 | 2.68 | 2.80 | 3.00 | 3.03 | 3.53 | 4.01 | 4.52 | 3.49 | 4.14 | 4.78 | 3.41 | 5.22 | 12.30 | 17.29 | 7.43 | 0.44 | 1.26 | 1.37 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $395,831K ÷ $221,367K
= 1.79
The current ratio of Hims Hers Health Inc has fluctuated over the past few years, indicating varying levels of liquidity. The company's current ratio stood at 1.37 as of March 31, 2020, indicating that it had $1.37 in current assets for every $1 in current liabilities. The ratio decreased to 0.44 by September 30, 2020, which may have raised concerns about the company's ability to cover its short-term obligations.
However, there was a significant improvement in liquidity by March 31, 2021, with a current ratio of 17.29, suggesting a strong ability to meet current obligations. This high ratio could be due to an increase in current assets or a decrease in current liabilities. Subsequently, the current ratio remained relatively high but started to decline gradually, indicating a decrease in liquidity compared to the previous period.
As of December 31, 2024, the current ratio stood at 1.79, which indicates that the company had $1.79 in current assets for every $1 in current liabilities. While this ratio is still above 1, indicating the company can cover its short-term obligations, the downward trend from the peak in 2021 suggests a potential need to monitor liquidity closely in the future to ensure financial stability.
Peer comparison
Dec 31, 2024