Hologic Inc (HOLX)
Cash ratio
| 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 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,932,100 | 2,722,500 | 2,765,000 | 2,582,200 | 2,441,300 | 2,339,500 | 2,375,300 | 2,290,800 | 1,420,800 | 1,170,300 | 827,600 | 816,400 | 868,700 | 701,000 | 744,200 | 799,800 | 381,500 | 601,800 | 427,900 | 401,000 |
| Short-term investments | US$ in thousands | 22,000 | — | 24,000 | 27,100 | 35,100 | 31,900 | 19,000 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 899,000 | 1,207,300 | 981,300 | 955,000 | 956,200 | 937,700 | 1,000,900 | 1,305,100 | 1,278,700 | 1,326,800 | 1,464,600 | 1,036,400 | 1,056,000 | 1,239,300 | 1,345,700 | 1,480,900 | 1,043,300 | 1,070,100 | 1,015,200 | 1,045,200 |
| Cash ratio | 2.17 | 2.26 | 2.84 | 2.73 | 2.59 | 2.53 | 2.39 | 1.76 | 1.11 | 0.88 | 0.57 | 0.79 | 0.82 | 0.57 | 0.55 | 0.54 | 0.37 | 0.56 | 0.42 | 0.38 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,932,100K
+ $22,000K)
÷ $899,000K
= 2.17
The cash ratio of Hologic Inc has shown a fluctuating trend over the past five years. The cash ratio measures a company's ability to cover its short-term liabilities using its cash and cash equivalents.
In the most recent quarter, the cash ratio was 2.17, indicating that the company had $2.17 in cash and cash equivalents for every $1 of current liabilities. This suggests a strong liquidity position, as the company has more than enough cash to cover its short-term obligations.
Looking at historical data, the cash ratio has generally increased over the past few years, reaching its peak at 2.84 in the second quarter of 2023. This improvement indicates that the company has become more efficient in managing its cash resources.
It is worth noting that there have been fluctuations in the cash ratio over the quarters, possibly due to changes in operating activities, investments, or financing arrangements. Overall, a higher cash ratio indicates a stronger liquidity position and a better ability to meet short-term obligations without relying on external financing.
Peer comparison
Dec 31, 2023