Envista Holdings Corp (NVST)

Cash ratio

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Cash and cash equivalents US$ in thousands 940,000 606,900 1,073,600 888,900 211,200
Short-term investments US$ in thousands
Total current liabilities US$ in thousands 780,800 1,236,700 1,208,200 1,684,700 709,200
Cash ratio 1.20 0.49 0.89 0.53 0.30

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($940,000K + $—K) ÷ $780,800K
= 1.20

The cash ratio of Envista Holdings Corp has shown a fluctuating trend over the past five years. In 2019, the company had a relatively low cash ratio of 0.40, indicating a lower level of cash and cash equivalents compared to its current liabilities. However, in subsequent years, there was a noticeable improvement in the cash ratio, reaching 1.38 at the end of 2023. This indicates that Envista Holdings Corp has significantly increased its liquidity position, with sufficient cash on hand to cover its short-term liabilities. Overall, the increasing trend in the cash ratio reflects a positive development in the company's liquidity management and financial health over the years.


Peer comparison

Dec 31, 2023

Company name
Symbol
Cash ratio
Envista Holdings Corp
NVST
1.20
Dentsply Sirona Inc
XRAY
0.23