ICU Medical Inc (ICUI)

Cash 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 and cash equivalents	US$ in thousands	308,566	312,512	302,648	251,423	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
Short-term investments	US$ in thousands	0	0	302,648	1,185	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
Total current liabilities	US$ in thousands	556,182	549,557	511,907	455,360	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
Cash ratio		0.55	0.57	1.18	0.55	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

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($308,566K + $0K) ÷ $556,182K
= 0.55

The cash ratio for ICU Medical Inc has exhibited fluctuations over the years, reflecting the company's ability to cover its short-term liabilities with cash and cash equivalents. The ratio ranged from 1.23 in March 2020 to a peak of 2.90 in September 2021, indicating an improving liquidity position during this period. However, the cash ratio declined significantly thereafter, reaching a low of 0.43 in September 2023, which may raise concerns about the company's short-term liquidity. ICU Medical Inc experienced a slight recovery in its cash ratio by the end of 2024, standing at 0.55, but it remained lower compared to previous peaks. Overall, the trend in the cash ratio suggests fluctuations in the company's cash position and its ability to meet short-term obligations solely with available cash and cash equivalents.