Henry Schein Inc (HSIC)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,488,000 | 3,988,000 | 3,844,000 | 3,791,420 | 3,226,500 |
| Total current liabilities | US$ in thousands | 2,683,000 | 2,224,000 | 2,307,000 | 2,283,100 | 2,038,370 |
| Current ratio | 1.67 | 1.79 | 1.67 | 1.66 | 1.58 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,488,000K ÷ $2,683,000K
= 1.67
The current ratio of Henry Schein Inc has shown slight fluctuations over the past five years. Based on the data provided, the current ratio was consistently above 1.5, indicating that the company has sufficient current assets to cover its current liabilities in each year.
In more recent years, the current ratio has ranged from 1.66 to 1.79, with the latest ratio reported at 1.67 as of December 31, 2023. This suggests that the company's liquidity position remains relatively strong, with a comfortable excess of current assets over current liabilities.
Overall, the trend of the current ratio indicates that Henry Schein Inc has been effectively managing its short-term financial obligations and maintaining a healthy liquidity position in the given period. However, it is important to consider other financial metrics and factors in conjunction with the current ratio to assess the company's overall financial health and performance.
Peer comparison
Dec 31, 2023