LivaNova PLC (LIVN)
Quick 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 | 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 | — | — | — |
| Receivables | US$ in thousands | 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 | 257,769 | 243,179 | 256,121 | 247,059 |
| 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 |
| Quick ratio | 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 | 0.62 | 0.68 | 0.50 | 0.48 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($266,504K
+ $—K
+ $215,072K)
÷ $334,983K
= 1.44
The quick ratio of LivaNova PLC has been relatively stable over the most recent quarters, ranging from 1.24 to 1.67. This indicates that the company has a healthy level of liquidity to cover its short-term obligations using its most liquid assets. A quick ratio above 1 suggests that the company's current assets, excluding inventories, are sufficient to cover its current liabilities. In general, a higher quick ratio is considered favorable as it indicates a strong ability to meet short-term financial obligations. However, the quick ratio should be assessed in conjunction with other financial metrics to provide a comprehensive analysis of the company's liquidity position.
Peer comparison
Dec 31, 2023