ICU Medical Inc (ICUI)

Cash 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 and cash equivalents	US$ in thousands	254,222	197,192	195,887	220,947	208,784	243,879	255,698	329,428	552,827	519,485	462,037	424,249	396,097	350,993	446,134	419,557	268,670	315,949	291,867	296,044
Short-term investments	US$ in thousands	501	1,806	1,812	3,235	4,224	2,919	13,191	14,864	14,420	18,009	14,661	11,693	14,687	12,544	14,564	20,115	23,967	20,845	21,863	17,214
Total current liabilities	US$ in thousands	481,838	464,043	483,880	462,177	494,559	489,034	485,985	494,115	200,777	185,077	183,664	179,862	195,488	185,359	359,151	357,301	248,468	255,411	259,962	238,407
Cash ratio		0.53	0.43	0.41	0.49	0.43	0.50	0.55	0.70	2.83	2.90	2.60	2.42	2.10	1.96	1.28	1.23	1.18	1.32	1.21	1.31

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($254,222K + $501K) ÷ $481,838K
= 0.53

The cash ratio of ICU Medical, Inc. has shown some fluctuations over the past eight quarters. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to cover short-term obligations.

In Q4 2023, the cash ratio stood at 0.72, which was an improvement compared to the previous quarter's ratio of 0.64. This suggests that ICU Medical, Inc. had a slightly better ability to meet its short-term obligations with its available cash and cash equivalents.

Looking back over the past year, the cash ratio fluctuated between 0.63 and 0.87. The peak ratio of 0.87 was observed in Q1 2022, indicating a relatively strong liquidity position at that time. However, the ratio decreased in subsequent quarters before showing some improvement in the latest quarter.

It is important for investors and analysts to monitor the cash ratio of a company to assess its liquidity position and ability to meet short-term financial obligations. ICU Medical, Inc.'s cash ratio trend provides insights into its management of cash resources and short-term financial health.