Henry Schein Inc (HSIC)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 122,000 | 126,000 | 138,000 | 159,000 | 171,000 | 166,000 | 137,000 | 126,000 | 117,000 | 123,000 | 108,000 | 126,000 | 118,000 | 119,000 | 167,000 | 144,000 | 421,000 | 533,495 | 296,110 | 617,368 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | 397,764 | 394,665 | — | 185 | 356,439 | 362,565 | — |
| Total current liabilities | US$ in thousands | 2,803,000 | 2,929,000 | 2,549,000 | 2,334,000 | 2,683,000 | 2,093,000 | 2,276,000 | 2,172,000 | 2,224,000 | 2,146,000 | 2,076,000 | 2,144,000 | 2,307,000 | 2,301,400 | 2,093,640 | 2,122,770 | 2,283,100 | 2,603,810 | 2,307,240 | 2,205,830 |
| Cash ratio | 0.04 | 0.04 | 0.05 | 0.07 | 0.06 | 0.08 | 0.06 | 0.06 | 0.05 | 0.06 | 0.05 | 0.06 | 0.05 | 0.22 | 0.27 | 0.07 | 0.18 | 0.34 | 0.29 | 0.28 |
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 of Henry Schein Inc has shown some fluctuations over the specified periods. The cash ratio, which is a liquidity ratio that measures a company's ability to cover its short-term liabilities with its cash or cash equivalents, was 0.28 as of March 31, 2020, and increased slightly to 0.29 by June 30, 2020. It further improved to 0.34 by September 30, 2020, indicating an increase in the company's ability to cover its short-term liabilities with cash.
However, there was a significant decrease in the cash ratio to 0.18 by December 31, 2020, which may indicate a decrease in the company's liquidity position during that period. Subsequently, the cash ratio further decreased to 0.07 by March 31, 2021, which could raise concerns about the company's ability to meet its short-term obligations with its available cash.
The cash ratio improved to 0.27 by June 30, 2021, but decreased again to 0.22 by September 30, 2021. By December 31, 2021, the cash ratio dropped to 0.05, reflecting a significant decline in liquidity. This trend continued into the first half of 2022, with a cash ratio of 0.06 as of March 31, 2022, indicating ongoing challenges in managing short-term obligations with available cash.
From June 30, 2022, the cash ratio remained relatively stable at 0.05 and gradually increased to 0.08 by September 30, 2023. However, by December 31, 2024, the cash ratio had decreased to 0.04, suggesting a potential strain on the company's liquidity position.
Overall, the fluctuating cash ratio of Henry Schein Inc indicates variations in its ability to cover short-term liabilities with cash over the specified periods, highlighting the importance of monitoring liquidity management strategies to ensure the company's financial health and stability.
Peer comparison
Dec 31, 2024