Hologic Inc (HOLX)
Cash ratio
| Sep 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 2,160,200 | 2,179,900 | 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 |
| Short-term investments | US$ in thousands | 173,400 | 7,900 | 22,000 | 0 | 24,000 | 27,100 | 35,100 | 31,900 | 19,000 | 5,500 | — | — | — | — | — | — | — | — | — | 100 |
| Total current liabilities | US$ in thousands | 1,037,200 | 954,600 | 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 |
| Cash ratio | 2.25 | 2.29 | 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 |
September 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($2,160,200K
+ $173,400K)
÷ $1,037,200K
= 2.25
The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger liquidity position and suggests the company is better positioned to meet its short-term obligations.
Analyzing the cash ratio of Hologic Inc over the past few quarters, we observe fluctuations in the ratio. The ratio has generally been trending upwards, indicating an improvement in the company's ability to cover its short-term liabilities with its available cash. The ratio has shown an increasing trend from 0.56 in September 2019 to 2.25 in September 2024.
The peak in the cash ratio at 2.84 in June 2023 suggests a significant increase in liquidity during that period. However, it is important to note the dip in the ratio in the following quarters. Despite the fluctuations, the general trend indicates an improvement in the company's liquidity position.
Overall, the cash ratio of Hologic Inc has shown a positive trend, indicating a strengthened ability to meet its short-term obligations with its cash reserves over the quarters analyzed.
Peer comparison
Sep 30, 2024