Integer Holdings Corp (ITGR)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
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 fluctuated over the past few years, indicating variations in the company's ability to meet its short-term obligations with its most liquid assets.
The quick ratio was quite low at 0.20 as of March 31, 2020, but showed a significant improvement to 1.34 by June 30, 2020, suggesting a more comfortable position in terms of liquidity. However, this improvement was not sustained as the ratio fell to 0.65 by September 30, 2020, and continued to decrease to 0.11 by December 31, 2021.
Throughout the next few years, the quick ratio remained relatively low, ranging from 0.08 to 0.21, indicating that the company may have faced challenges in maintaining sufficient liquid assets to cover its short-term liabilities. The quick ratio showed some volatility but generally stayed within a narrow range.
Overall, the trend of the quick ratio for Integer Holdings Corp suggests a need for monitoring and potential improvement in managing short-term liquidity to ensure the company can meet its obligations effectively.
Peer comparison
Dec 31, 2024