Integer Holdings Corp (ITGR)
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 | 46,543 | 35,574 | 34,137 | 42,156 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | 1,515 | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 227,173 | 222,398 | 205,991 | 201,429 | 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 |
| Cash ratio | 0.20 | 0.16 | 0.17 | 0.21 | 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 |
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 shown fluctuations over the period from March 31, 2020, to December 31, 2024. Starting at 0.20 on March 31, 2020, the ratio increased significantly to 1.34 by June 30, 2020, indicating a strong ability to cover short-term liabilities with cash and cash equivalents. However, the ratio decreased to 0.65 by September 30, 2020, and further dropped to 0.32 by December 31, 2020, suggesting a decrease in the company's liquidity.
Throughout the subsequent quarters, the cash ratio continued to fluctuate within a range, with values ranging from 0.08 to 0.21. Notably, the ratio was at its lowest point of 0.08 on June 30, 2022, indicating a potential liquidity crunch during that period. The ratio improved slightly in the following quarters but remained relatively low compared to the peak in June 2020.
It is essential for Integer Holdings Corp to maintain a healthy cash ratio to ensure that it can meet its short-term obligations without relying on external financing. The company may need to monitor its cash management practices closely and consider strategies to improve liquidity during periods of lower cash ratios to mitigate any potential financial risks.
Peer comparison
Dec 31, 2024