Hologic Inc (HOLX)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,823,300 | 3,788,700 | 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 |
| 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 |
| Current ratio | 3.69 | 3.97 | 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 |
September 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,823,300K ÷ $1,037,200K
= 3.69
The current ratio of Hologic Inc has exhibited fluctuations over the past few years, ranging from a low of 1.31 to a high of 4.42. The current ratio measures the company's ability to meet short-term obligations with its current assets.
In recent quarters, the current ratio has generally been above 3, indicating that the company has more than enough current assets to cover its current liabilities. This suggests that Hologic Inc has a strong liquidity position and is well-positioned to meet its short-term financial obligations without facing financial distress.
However, it is worth noting that there have been periods with lower current ratios, such as in the first quarter of 2020 when the ratio dropped to 1.47. A ratio below 2 can be a cause for concern as it may indicate a potential liquidity issue or difficulty in meeting short-term obligations.
Overall, the trend in Hologic Inc's current ratio shows a generally healthy liquidity position, but investors and analysts should closely monitor any significant fluctuations to assess the company's ability to manage its short-term financial commitments effectively.
Peer comparison
Sep 30, 2024