ICU Medical Inc (ICUI)

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	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
Receivables	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
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
Quick 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

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($308,566K + $0K + $—K) ÷ $556,182K
= 0.55

ICU Medical Inc's quick ratio shows fluctuations over the periods provided. The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets. A quick ratio above 1 indicates that the company has more liquid assets than current liabilities, which is typically seen as favorable.

The quick ratio for ICU Medical Inc was consistently above 1 from March 31, 2020 to September 30, 2021, indicating a strong ability to cover short-term obligations. However, the ratio declined significantly from March 31, 2022 to December 31, 2024, falling below 1 at several points. This suggests a potential liquidity challenge as the company may have difficulty meeting its short-term liabilities using its quick assets alone during these periods.

It is important for investors and stakeholders to monitor ICU Medical Inc's quick ratio closely, especially during the periods of declining ratios, to assess the company's liquidity position and its ability to manage short-term financial obligations effectively.