Hologic Inc (HOLX)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 670,900 | 625,600 | 686,800 | — | 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 | 586,800 | 557,500 |
| 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 |
| Quick ratio | 2.92 | 2.77 | 3.54 | 2.73 | 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 | 1.00 | 0.92 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,932,100K
+ $22,000K
+ $670,900K)
÷ $899,000K
= 2.92
The quick ratio of Hologic Inc has shown fluctuations over the past few quarters, ranging from 0.92 to 3.54. The quick ratio measures the company's ability to meet its short-term liabilities with its most liquid assets. A quick ratio above 1 indicates that the company has enough liquid assets to cover its short-term obligations.
From the data provided, we can see that the quick ratio has generally been above 1 in recent quarters, indicating good short-term liquidity. The company's quick ratio reached its peak at 3.54 in June 2023, reflecting a strong ability to cover its short-term liabilities with liquid assets.
However, there have been periods where the quick ratio dropped below 1, such as in March 2020 and December 2019, which may suggest potential liquidity challenges during those periods. It is crucial for investors and analysts to closely monitor the quick ratio to ensure the company can meet its short-term obligations efficiently.
Peer comparison
Dec 31, 2023