Henry Schein Inc (HSIC)
Quick 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 | 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 | — |
| Receivables | US$ in thousands | 1,482,000 | 1,660,000 | 1,559,000 | 1,644,000 | 1,863,000 | 1,573,000 | 1,468,000 | — | 1,442,000 | 1,507,000 | 1,409,000 | 1,444,000 | 1,451,830 | 1,551,950 | 1,356,880 | 1,317,550 | 1,424,790 | 1,407,680 | 1,101,200 | 1,198,740 |
| 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 |
| Quick ratio | 0.57 | 0.61 | 0.67 | 0.77 | 0.76 | 0.83 | 0.71 | 0.06 | 0.70 | 0.76 | 0.73 | 0.73 | 0.68 | 0.90 | 0.92 | 0.69 | 0.81 | 0.88 | 0.76 | 0.82 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($122,000K
+ $—K
+ $1,482,000K)
÷ $2,803,000K
= 0.57
The quick ratio of Henry Schein Inc has displayed fluctuations over the periods provided in the dataset. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities.
Looking at the data, the quick ratio started at 0.82 on March 31, 2020, showing a relatively healthy position. However, it decreased to 0.69 by March 31, 2021, which may raise concerns about the company's liquidity position.
The quick ratio improved in the subsequent periods, reaching a high of 0.92 on June 30, 2021. This improvement suggests that the company managed to strengthen its ability to meet short-term obligations using its quick assets.
Despite some fluctuations, the quick ratio generally remained above 0.7 throughout most of the periods, indicating that Henry Schein Inc had a reasonable level of liquidity. However, it is noteworthy that there was a significant drop to 0.06 on March 31, 2023, which may indicate potential liquidity issues requiring further investigation.
Overall, analyzing the quick ratio trend can provide insights into Henry Schein Inc's liquidity management and its ability to cover short-term liabilities with its readily available assets.
Peer comparison
Dec 31, 2024