Envista Holdings Corp (NVST)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,069,100 | 940,000 | 606,900 | 1,073,600 | 888,900 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 878,700 | 780,800 | 1,236,700 | 1,208,200 | 1,684,700 |
| Cash ratio | 1.22 | 1.20 | 0.49 | 0.89 | 0.53 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,069,100K
+ $—K)
÷ $878,700K
= 1.22
The cash ratio of Envista Holdings Corp has displayed some fluctuations over the past five years. The ratio stood at 0.53 as of December 31, 2020, indicating that the company had $0.53 in cash and cash equivalents for every dollar of current liabilities.
Subsequently, the ratio improved to 0.89 by December 31, 2021, reflecting a stronger liquidity position. However, in the following year, the cash ratio declined to 0.49, signaling a potential deterioration in the company's ability to cover its short-term obligations with its available cash.
Envista Holdings Corp's liquidity position notably improved by December 31, 2023, with a cash ratio of 1.20, suggesting a more comfortable liquidity cushion. This positive trend continued into the next year, as of December 31, 2024, with the cash ratio further increasing to 1.22, indicating a healthier liquidity position relative to its short-term liabilities.
Overall, while there have been fluctuations, the cash ratio of Envista Holdings Corp has shown a positive trend in recent years, reflecting an improved ability to meet its short-term obligations using its cash and cash equivalents.
Peer comparison
Dec 31, 2024