Integra LifeSciences Holdings (IART)

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	246,375	215,157	215,236	591,906	276,402	273,732	309,192	307,367	456,661	511,937	447,152	407,092	513,448	470,231	397,414	408,976	470,166	396,279	360,981	357,712
Short-term investments	US$ in thousands	27,192	62,441	81,691	71,194	32,694	19,938	20,200	15,659	0	13,111	4,369	—	—	—	—	—	—	—	—	—
Receivables	US$ in thousands	272,370	248,298	271,155	241,092	259,327	256,270	258,663	253,995	263,465	248,268	237,361	234,010	231,831	222,232	229,823	223,542	225,532	218,184	179,143	245,546
Total current liabilities	US$ in thousands	922,126	912,563	328,316	302,394	306,980	355,712	377,496	282,293	320,906	304,452	295,596	315,833	340,021	332,858	318,756	412,301	401,013	255,146	212,415	246,485
Quick ratio		0.59	0.58	1.73	2.99	1.85	1.55	1.56	2.04	2.24	2.54	2.33	2.03	2.19	2.08	1.97	1.53	1.73	2.41	2.54	2.45

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($246,375K + $27,192K + $272,370K) ÷ $922,126K
= 0.59

The quick ratio of Integra LifeSciences Holdings has shown fluctuations over the period ranging from March 31, 2020, to December 31, 2024. The quick ratio, which measures the company's ability to meet its short-term obligations with its most liquid assets, was relatively stable between March 2020 and June 2022, ranging between 1.73 and 2.54.

However, there was a noticeable decrease in the quick ratio from December 31, 2022, to September 30, 2024, with the ratio dropping to as low as 0.58 and 0.59. This significant decline suggests a potential deterioration in the company's liquidity position during this period.

It is important to note that a quick ratio below 1 indicates that a company may struggle to meet its short-term obligations with its liquid assets alone, which could be a cause for concern for creditors and investors. Therefore, the downward trend in the quick ratio towards the end of the period under review may warrant further investigation into the company's liquidity management and financial health.