Integer Holdings Corp (ITGR)
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 | 23,674 | 32,142 | 38,615 | 40,604 | 24,272 | 20,187 | 15,593 | 25,668 | 17,885 | 25,472 | 30,581 | 28,402 | 49,206 | 99,943 | 206,244 | 37,259 | 13,535 | 14,719 | 15,922 | 13,538 |
| Short-term investments | US$ in thousands | — | — | — | — | — | 1,515 | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 220,969 | 203,101 | 199,832 | 225,475 | 223,752 | 198,762 | 197,726 | 173,082 | 159,629 | 156,410 | 164,127 | 161,551 | 156,191 | 153,460 | 153,648 | 186,129 | 179,078 | 188,938 | 183,942 | 171,503 |
| Cash ratio | 0.11 | 0.16 | 0.19 | 0.18 | 0.11 | 0.11 | 0.08 | 0.15 | 0.11 | 0.16 | 0.19 | 0.18 | 0.32 | 0.65 | 1.34 | 0.20 | 0.08 | 0.08 | 0.09 | 0.08 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($23,674K
+ $—K)
÷ $220,969K
= 0.11
The cash ratio of Integer Holdings Corp has shown fluctuating trends over the past eight quarters. The cash ratio measures the ability of a company to pay off its short-term liabilities using its available cash and cash equivalents.
In Q3 2022, the company had a relatively low cash ratio of 0.57, indicating that it had less available cash to cover its short-term obligations. This was followed by an improvement in Q4 2022, with the cash ratio increasing to 0.61.
However, in Q1 2023, the cash ratio decreased to 0.67, suggesting a slight decline in the company's liquidity position. The ratio further decreased in Q2 2023 to 0.74, before dropping to 0.72 in Q3 2023.
The most recent data point, Q4 2023, shows a cash ratio of 0.62, indicating that the company's liquidity position has slightly deteriorated compared to the previous quarter.
Overall, the fluctuating cash ratio of Integer Holdings Corp over the past eight quarters suggests a varying ability to meet its short-term obligations using its available cash holdings. Investors and stakeholders may consider monitoring this ratio closely to assess the company's liquidity risk.
Peer comparison
Dec 31, 2023