Hims Hers Health Inc (HIMS)
Quick ratio
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 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 | 1,510 |
| Short-term investments | US$ in thousands | 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 | — | — | 37,721 |
| Receivables | US$ in thousands | — | — | — | 6,700 | — | — | — | 3,900 | — | — | — | 4,100 | — | — | — | 1,100 | — | — | — | — |
| Total current liabilities | US$ in thousands | 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 | 979 |
| Quick ratio | 1.66 | 2.09 | 2.18 | 2.57 | 2.57 | 2.90 | 3.28 | 3.83 | 2.97 | 3.51 | 4.19 | 3.17 | 4.81 | 11.60 | 16.43 | 6.65 | 19.88 | 1.19 | 1.27 | 40.07 |
September 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($165,518K
+ $88,553K
+ $—K)
÷ $152,645K
= 1.66
The quick ratio of Hims Hers Health Inc has shown fluctuations over the various reporting periods. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio above 1 indicates that the company has sufficient liquid assets to cover its short-term liabilities.
Looking at the trend of the quick ratio over time, we observe that it has generally been above 1, indicating a healthy liquidity position. The quick ratio has ranged from as low as 1.19 to as high as 40.07 over the past few years, showing significant variability.
In recent periods, the quick ratio has exhibited a general increasing trend, reaching a peak of 3.83 on Dec 31, 2022, before declining slightly. The quick ratio stood at 1.66 as of Sep 30, 2024, indicating that the company had $1.66 in liquid assets available to cover each dollar of current liabilities.
Overall, the quick ratio trend of Hims Hers Health Inc suggests that the company has maintained a strong liquidity position, with the ability to meet its short-term obligations effectively.