Integer Holdings Corp (ITGR)

The Current Ratio of Integer Holdings Corp has shown a generally stable trend over the analyzed period, ranging between 2.48 to 3.77. This indicates that the company has consistently maintained a healthy level of current assets relative to its current liabilities, ensuring that it can meet its short-term obligations. Although the ratio slightly declined towards the end of the period, it remained above 2, indicating a comfortable liquidity position.

The Quick Ratio, which excludes inventory from current assets, provides a more stringent measure of liquidity. Integer Holdings Corp's Quick Ratio fluctuated between 0.08 to 1.34 during the analyzed period. The company experienced some fluctuations in liquidity, with the ratio occasionally dropping below 1, signaling a tighter liquidity position. However, the Quick Ratio improved towards the end of the period, reaching 0.20, which suggests the company had an adequate level of easily liquid assets to cover its short-term liabilities.

The Cash Ratio, which is the most conservative liquidity ratio, remained consistent with the Quick Ratio throughout the period, ranging from 0.08 to 1.34. This indicates that Integer Holdings Corp maintained a relatively stable level of cash and cash equivalents in relation to its current liabilities. The company had enough cash on hand to cover its immediate obligations, although there were fluctuations in the cash position over time.

Overall, Integer Holdings Corp's liquidity ratios demonstrate a generally sound liquidity position, with adequate current assets to meet short-term liabilities. However, the company should continue to monitor and manage its liquidity effectively to navigate any potential fluctuations in cash flow or unexpected liquidity needs in the future.

---

Additional liquidity measure

The cash conversion cycle of Integer Holdings Corp has shown fluctuations over the period provided in the data. The cash conversion cycle represents the time it takes for a company to convert its resources invested in inventory and accounts receivable into cash flows from sales. A shorter cash conversion cycle is generally preferable as it indicates that the company is efficiently managing its working capital.

Based on the data provided:
- The company's cash conversion cycle ranged from a low of 64.18 days on September 30, 2021, to a high of 80.13 days on June 30, 2024.
- The average cash conversion cycle over the entire period analyzed is approximately 72.39 days.
- The trend shows some variability, with cycles exceeding 70 days at times, indicating potential inefficiencies in managing inventory, accounts receivable, and accounts payable during those periods.
- The company may need to focus on optimizing its inventory levels, enhancing collection processes for accounts receivable, and negotiating favorable payment terms with suppliers to improve its cash conversion cycle and overall working capital management efficiency.

In conclusion, Integer Holdings Corp should monitor its cash conversion cycle closely to ensure it remains at optimal levels for effective working capital management and sustainable growth.