Integer Holdings Corp (ITGR)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 46,543 | 23,674 | 24,272 | 17,885 | 49,206 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 227,173 | 220,969 | 223,752 | 159,629 | 156,191 |
| Cash ratio | 0.20 | 0.11 | 0.11 | 0.11 | 0.32 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($46,543K
+ $—K)
÷ $227,173K
= 0.20
The cash ratio of Integer Holdings Corp has fluctuated over the years. As of December 31, 2020, the company had a cash ratio of 0.32, indicating that it had $0.32 of cash and cash equivalents for every $1 of current liabilities. This suggests that the company had a strong ability to cover its short-term obligations with its available cash.
However, by the end of 2021, the cash ratio had decreased to 0.11, and it remained at the same level in the subsequent years through 2023. A cash ratio of 0.11 indicates that the company had a lower level of cash reserves relative to its current liabilities during this period. This may suggest a potential liquidity concern or reduced ability to meet short-term obligations solely through available cash.
In 2024, there was an improvement as the cash ratio increased to 0.20, indicating a stronger position compared to the previous years. Despite the increase, the cash ratio was still lower than the 2020 level, indicating that Integer Holdings Corp may have been maintaining a relatively lower level of cash reserves in recent years.
Overall, monitoring the cash ratio trend is crucial to assess the company's liquidity position and its ability to meet short-term obligations. The fluctuation in the cash ratio of Integer Holdings Corp over the years highlights the importance of managing cash efficiently to support financial stability and operational needs.
Peer comparison
Dec 31, 2024