Envista Holdings Corp (NVST)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,069,100 | 940,000 | 606,900 | 1,073,600 | 888,900 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 363,000 | 407,500 | 393,500 | 331,900 | 361,000 |
| Total current liabilities | US$ in thousands | 878,700 | 780,800 | 1,236,700 | 1,208,200 | 1,684,700 |
| Quick ratio | 1.63 | 1.73 | 0.81 | 1.16 | 0.74 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,069,100K
+ $—K
+ $363,000K)
÷ $878,700K
= 1.63
The quick ratio of Envista Holdings Corp has shown fluctuations over the years. At the end of 2020, the quick ratio was 0.74, indicating that the company had insufficient liquid assets to cover its current liabilities. However, by the end of 2021, the quick ratio improved to 1.16, demonstrating stronger liquidity and the ability to meet short-term obligations more comfortably.
In 2022, the quick ratio decreased to 0.81, suggesting a potential strain on the company's ability to meet its short-term liabilities with its most liquid assets. The ratio then significantly improved in 2023 to 1.73, reflecting a healthier liquidity position.
By the end of 2024, the quick ratio slightly decreased to 1.63, still indicating a strong ability to cover current obligations with liquid assets. Overall, the trend in the quick ratio of Envista Holdings Corp shows variability but generally reflects an improvement in liquidity management over the years.
Peer comparison
Dec 31, 2024