Henry Schein Inc (HSIC)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 122,000 | 171,000 | 117,000 | 118,000 | 421,000 |
| Short-term investments | US$ in thousands | — | — | — | — | 185 |
| Total current liabilities | US$ in thousands | 2,803,000 | 2,683,000 | 2,224,000 | 2,307,000 | 2,283,100 |
| Cash ratio | 0.04 | 0.06 | 0.05 | 0.05 | 0.18 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($122,000K
+ $—K)
÷ $2,803,000K
= 0.04
The cash ratio for Henry Schein Inc has shown fluctuations in recent years. As of December 31, 2020, the cash ratio was 0.18, indicating that the company had $0.18 in cash and cash equivalents for every dollar of current liabilities. Over the subsequent years, the cash ratio decreased, reaching 0.05 as of both December 31, 2021 and December 31, 2022. This decline suggests a lower liquidity position, with a reduced ability to cover short-term obligations solely with available cash.
However, there was a slight improvement in the cash ratio to 0.06 as of December 31, 2023, indicating a modest increase in the company's liquidity position. Nevertheless, by December 31, 2024, the cash ratio dropped again to 0.04, falling below the levels seen in the previous years and implying a further reduction in the ability to meet short-term liabilities using cash reserves alone.
Overall, the trend in Henry Schein Inc's cash ratio reflects varying levels of liquidity over the years, with fluctuations that may warrant closer examination of the company's cash management practices and potential implications for its financial health and stability.
Peer comparison
Dec 31, 2024