Hologic Inc (HOLX)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,494,200 | 4,184,500 | 4,339,300 | 4,211,400 | 4,021,200 | 3,862,000 | 3,909,000 | 3,881,400 | 3,506,200 | 3,168,700 | 2,418,200 | 2,662,400 | 2,596,300 | 2,222,300 | 1,982,800 | 1,936,600 | 1,637,600 | 1,793,100 | 1,591,800 | 1,511,000 |
| 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 |
| Current ratio | 3.89 | 3.47 | 4.42 | 4.41 | 4.21 | 4.12 | 3.91 | 2.97 | 2.74 | 2.39 | 1.65 | 2.57 | 2.46 | 1.79 | 1.47 | 1.31 | 1.57 | 1.68 | 1.57 | 1.45 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,494,200K ÷ $899,000K
= 3.89
The current ratio of Hologic Inc has shown fluctuations over the period under review. The current ratio measures a company's ability to cover its short-term obligations with its current assets. Hologic Inc's current ratio has generally been above the industry average which is typically around 2.0.
In the most recent quarter, the current ratio stands at 3.89, indicating a strong ability to cover its short-term liabilities using its current assets. This suggests that the company has a healthy liquidity position. However, it is important to note that liquidity ratios such as the current ratio can vary by industry, so it is crucial to compare Hologic's ratios with its industry peers for a more accurate assessment.
The fluctuation in the current ratio over the quarters may indicate changes in the company's operating cycle or changes in its current assets and liabilities. An increasing current ratio generally indicates improved liquidity and financial health, while a decreasing ratio may signal potential liquidity issues.
Overall, a higher current ratio is often seen as favorable as it indicates a company's ability to meet short-term obligations comfortably. However, interpreting the current ratio should be done in conjunction with other financial metrics to provide a more comprehensive analysis of Hologic Inc's financial health and liquidity position.
Peer comparison
Dec 31, 2023