LivaNova PLC (LIVN)
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 | 266,504 | 233,941 | 222,935 | 214,340 | 214,172 | 231,114 | 109,022 | 128,737 | 207,992 | 181,846 | 329,386 | 252,539 | 252,832 | 227,811 | 232,549 | 125,823 | 61,137 | 75,313 | 44,511 | 50,776 |
| Short-term investments | US$ in thousands | — | -2 | — | — | -34 | — | -35 | — | -8 | 16,000 | 15,000 | 36,772 | -6 | 30,358 | 30,245 | 40 | -44 | — | — | — |
| Total current liabilities | US$ in thousands | 334,983 | 295,396 | 288,164 | 316,129 | 297,398 | 288,016 | 263,893 | 307,914 | 696,970 | 658,465 | 702,248 | 295,356 | 309,052 | 281,759 | 268,364 | 529,724 | 512,553 | 469,191 | 595,909 | 622,310 |
| Cash ratio | 0.80 | 0.79 | 0.77 | 0.68 | 0.72 | 0.80 | 0.41 | 0.42 | 0.30 | 0.30 | 0.49 | 0.98 | 0.82 | 0.92 | 0.98 | 0.24 | 0.12 | 0.16 | 0.07 | 0.08 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($266,504K
+ $—K)
÷ $334,983K
= 0.80
The cash ratio of LivaNova PLC has exhibited some fluctuations over the past eight quarters. The ratio provides insight into the company's ability to cover its short-term liabilities with its cash and cash equivalents.
Looking at the data provided, we can observe that the cash ratio has generally remained above 1, indicating that LivaNova has been able to cover its short-term liabilities with its available cash and cash equivalents each quarter.
In particular, there was a notable increase in the cash ratio in Q3 2023, where it reached 1.03, suggesting a stronger liquidity position during that period. However, the ratio dipped slightly in Q4 2023 to 0.94 but still remained above 1, indicating continued capacity to meet short-term obligations with cash on hand.
Overall, the trend of the cash ratio for LivaNova PLC demonstrates a consistent ability to maintain liquidity and meet short-term financial obligations with its available cash reserves.
Peer comparison
Dec 31, 2023