LivaNova PLC (LIVN)
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 | 428,858 | 346,366 | 329,237 | 309,191 | 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 |
| Short-term investments | US$ in thousands | 42 | 3 | — | — | — | -2 | — | 900 | -34 | — | -35 | — | -8 | 16,000 | 15,000 | 36,772 | -6 | 30,358 | 30,245 | 40 |
| Receivables | US$ in thousands | 193,158 | 197,162 | 200,889 | 209,431 | 215,072 | 189,871 | 185,881 | 178,318 | 183,110 | 172,093 | 176,949 | 182,112 | 185,354 | 182,008 | 182,180 | 180,707 | 184,356 | 191,892 | 186,144 | 225,347 |
| Total current liabilities | US$ in thousands | 392,125 | 324,402 | 302,986 | 327,771 | 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 |
| Quick ratio | 1.59 | 1.68 | 1.75 | 1.58 | 1.44 | 1.43 | 1.42 | 1.24 | 1.34 | 1.40 | 1.08 | 1.01 | 0.56 | 0.58 | 0.75 | 1.59 | 1.41 | 1.60 | 1.67 | 0.66 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($428,858K
+ $42K
+ $193,158K)
÷ $392,125K
= 1.59
The quick ratio of LivaNova PLC has shown fluctuations over the reporting periods. It indicates the company's ability to meet its short-term obligations using its most liquid assets.
From March 31, 2020, to September 30, 2021, the quick ratio varied significantly ranging from a low of 0.58 to a high of 1.67. The ratio improved between September 2021 and June 2022, peaking at 1.75. This suggests that the company had a stronger ability to cover its short-term liabilities with its quick assets during this period.
However, from June 2022 to December 2024, the quick ratio declined gradually to approximately 1.59 by the end of December 2024. This decrease may indicate a reduction in the company's ability to cover its current liabilities with its liquid assets.
Overall, the quick ratio of LivaNova PLC has generally remained above 1, indicating that the company has been able to meet its short-term obligations with its quick assets. It is important for investors and stakeholders to continue monitoring this ratio to assess the company's liquidity position in the future.
Peer comparison
Dec 31, 2024