Envista Holdings Corp (NVST)
Cash 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,069,100 | 991,300 | 1,036,200 | 948,500 | 940,000 | 824,200 | 651,700 | 585,200 | 606,900 | 568,500 | 523,100 | 1,078,300 | 1,073,600 | 638,800 | 553,900 | 441,200 | 888,900 | 700,800 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 878,700 | 865,500 | 821,400 | 781,300 | 780,800 | 746,800 | 1,150,800 | 1,149,600 | 1,236,700 | 1,258,300 | 1,256,200 | 1,255,700 | 1,208,200 | 1,269,200 | 1,163,200 | 1,136,300 | 1,684,700 | 678,900 |
| Cash ratio | 1.22 | 1.15 | 1.26 | 1.21 | 1.20 | 1.10 | 0.57 | 0.51 | 0.49 | 0.45 | 0.42 | 0.86 | 0.89 | 0.50 | 0.48 | 0.39 | 0.53 | 1.03 |
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 fluctuated over the period from September 30, 2020, to December 31, 2024. The cash ratio measures the company's ability to cover its current liabilities with its cash and cash equivalents.
The cash ratio started at a comfortable level of 1.03 on September 30, 2020. However, it decreased significantly to 0.53 by the end of December 31, 2020, indicating potentially lower liquidity. The ratio continued to decline to 0.39 by March 31, 2021, which may have raised concerns about the company's short-term ability to meet its obligations.
Subsequently, there was a slight improvement in the cash ratio to 0.48 on June 30, 2021, and 0.50 on September 30, 2021. The ratio saw a more significant increase to 0.89 by December 31, 2021, reflecting improved liquidity.
The cash ratio remained relatively stable, ranging between 0.42 and 0.51 from March 31, 2022, to June 30, 2023, indicating that the company was maintaining a level of cash reserves relative to its current liabilities.
From September 30, 2023, to December 31, 2024, there was a notable improvement in the cash ratio from 1.10 to 1.22, suggesting that Envista Holdings Corp had significantly increased its ability to cover its short-term liabilities with its cash and cash equivalents.
Overall, the trend in the cash ratio of Envista Holdings Corp indicates fluctuations in liquidity levels, with some periods showing stronger cash positions compared to others. The company's management of cash reserves and ability to meet short-term obligations is a key aspect to monitor for investors and creditors.
Peer comparison
Dec 31, 2024