Integer Holdings Corp (ITGR)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 46,543 | 23,674 | 24,272 | 17,885 | 49,206 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 227,173 | 220,969 | 223,752 | 159,629 | 156,191 |
| Quick ratio | 0.20 | 0.11 | 0.11 | 0.11 | 0.32 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($46,543K
+ $—K
+ $—K)
÷ $227,173K
= 0.20
The quick ratio of Integer Holdings Corp has demonstrated a declining trend over the years. Starting at 0.32 as of December 31, 2020, the ratio decreased significantly to 0.11 as of December 31, 2021, and has remained at the same level through the following years up to December 31, 2024.
A quick ratio of 0.11 indicates that the company may have difficulty meeting its short-term obligations using its most liquid assets. This suggests a potential liquidity risk for the company as its current assets that can be quickly converted to cash are insufficient to cover its current liabilities.
It is essential for Integer Holdings Corp to closely monitor its liquidity position and assess its ability to meet short-term financial obligations to sustain its operations effectively and avoid financial distress.
Peer comparison
Dec 31, 2024