Hologic Inc (HOLX)
Quick 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 | 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 |
| Receivables | US$ in thousands | 600,400 | 647,100 | 670,900 | 625,600 | 686,800 | -39,400 | 694,300 | 638,100 | 723,400 | 849,700 | 1,057,000 | 942,700 | 943,200 | 1,212,300 | 1,216,100 | 1,028,900 | 728,000 | 597,200 | 581,800 | 648,700 |
| 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 |
| Quick ratio | 2.83 | 2.97 | 2.92 | 2.77 | 3.54 | 2.69 | 3.32 | 3.21 | 3.11 | 2.41 | 1.94 | 1.59 | 1.21 | 1.96 | 1.97 | 1.40 | 1.09 | 0.94 | 0.92 | 1.17 |
September 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($2,160,200K
+ $173,400K
+ $600,400K)
÷ $1,037,200K
= 2.83
The quick ratio of Hologic Inc has shown fluctuations over the past several quarters. The quick ratio measures the company's ability to meet short-term obligations with its most liquid assets. A quick ratio above 1 indicates that a company has enough liquid assets to cover its short-term liabilities.
Hologic Inc's quick ratio has generally been above 1 in the recent quarters, indicating a healthy liquidity position. The company's quick ratio has been relatively strong, with values ranging from 1.09 to 3.54 in the past two years. The highest quick ratio of 3.54 was observed in the quarter ending June 30, 2023, indicating a significant level of liquid assets to cover short-term obligations.
However, there have been fluctuations in the quick ratio over the quarters, with some quarters showing lower values below 2. A quick ratio below 1 may suggest a potential liquidity issue, but Hologic Inc has maintained its quick ratio above 1 consistently, reflecting a strong ability to meet its short-term obligations.
Overall, the trend in Hologic Inc's quick ratio indicates a solid liquidity position, with the company generally having enough liquid assets to cover its short-term liabilities, although quarterly fluctuations should be monitored to ensure continued financial stability.
Peer comparison
Sep 30, 2024