Henry Schein Inc (HSIC)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 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 | 106,097 | 75,256 | 84,924 | 88,115 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | 397,764 | 394,665 | — | 185 | 356,439 | 362,565 | — | — | — | — | — |
| Receivables | US$ in thousands | 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 | 1,246,250 | 1,278,940 | 1,203,920 | 1,193,050 |
| 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 |
| Quick ratio | 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 | 0.66 | 0.71 | 0.71 | 0.68 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($171,000K
+ $—K
+ $1,863,000K)
÷ $2,683,000K
= 0.76
The quick ratio of Henry Schein Inc has shown some fluctuation over the past few quarters. The quick ratio measures the company's ability to pay off its current liabilities using its most liquid assets. A quick ratio below 1.0 may indicate potential difficulty in meeting short-term obligations.
Looking at the trend over the past five quarters, the quick ratio has been somewhat volatile, ranging from a low of 0.06 in March 2023 to a high of 0.92 in September 2021. The ratio has displayed inconsistency, with some periods showing values below the ideal threshold of 1.0, indicating potential liquidity challenges.
In the most recent quarter, as of December 31, 2023, the quick ratio stands at 0.76, suggesting that the company may face some limitations in meeting its short-term obligations using its quick assets. It is essential for investors and stakeholders to monitor this ratio closely to assess the company's liquidity position and ability to manage its current liabilities effectively.
Peer comparison
Dec 31, 2023