Envista Holdings Corp (NVST)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 363,000 | 392,100 | 380,600 | 413,000 | 407,500 | 417,100 | 415,200 | 401,800 | 393,500 | 392,200 | — | — | 331,900 | — | — | — | 361,000 | — |
| 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 |
| Quick ratio | 1.63 | 1.60 | 1.72 | 1.74 | 1.73 | 1.66 | 0.93 | 0.86 | 0.81 | 0.76 | 0.42 | 0.86 | 1.16 | 0.50 | 0.48 | 0.39 | 0.74 | 1.03 |
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 periods presented. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
The quick ratio was consistently below 1.0 from March 31, 2021, to September 30, 2023, indicating potential liquidity issues during these periods. Notably, the ratio reached a low of 0.39 on March 31, 2021, suggesting a more immediate challenge in meeting short-term commitments.
However, from December 31, 2023, onwards, the quick ratio started to improve significantly, consistently exceeding 1.0. This signifies a stronger ability to cover short-term liabilities with liquid assets. The ratios from December 31, 2023, to December 31, 2024, ranged between 1.60 and 1.74, indicating a healthy liquidity position during this time frame.
Overall, Envista Holdings Corp's quick ratio has experienced variability, highlighting the importance of monitoring liquidity levels to ensure the company can meet its short-term obligations efficiently.
Peer comparison
Dec 31, 2024