Henry Schein Inc (HSIC)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,488,000 | 4,113,000 | 3,911,000 | 3,952,000 | 3,988,000 | 3,957,000 | 3,789,000 | 3,830,000 | 3,844,000 | 3,912,360 | 3,742,250 | 3,570,620 | 3,791,420 | 3,869,250 | 3,409,210 | 3,619,100 | 3,226,500 | 3,115,740 | 3,108,710 | 3,109,110 |
| Total current liabilities | US$ in thousands | 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 | 2,038,370 | 1,908,690 | 1,825,280 | 1,878,780 |
| Current ratio | 1.67 | 1.97 | 1.72 | 1.82 | 1.79 | 1.84 | 1.83 | 1.79 | 1.67 | 1.70 | 1.79 | 1.68 | 1.66 | 1.49 | 1.48 | 1.64 | 1.58 | 1.63 | 1.70 | 1.65 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,488,000K ÷ $2,683,000K
= 1.67
Henry Schein Inc's current ratio has shown some fluctuation over the past few quarters, ranging from 1.48 to 1.97. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A higher current ratio indicates a stronger liquidity position, as the company has more current assets to cover its current liabilities.
The current ratio has generally been above 1.5, which suggests that Henry Schein Inc has had a comfortable cushion of current assets to cover its short-term obligations. However, the ratio dipped to 1.48 in the second quarter of 2020, indicating a potential strain on liquidity during that period.
Overall, the current ratio has been relatively stable and generally above industry norms, indicating that Henry Schein Inc has maintained a healthy liquidity position to meet its short-term financial obligations. It is important for investors and analysts to continue monitoring the company's current ratio to ensure ongoing financial health and stability.
Peer comparison
Dec 31, 2023