Organon & Co (OGN)
Quick ratio
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 693,000 | 414,000 | 326,000 | 459,000 | 706,000 | 499,000 | 545,000 | 694,000 | 737,000 | 1,008,000 | 730,000 | 141,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 1,744,000 | 1,648,000 | 1,672,000 | 1,445,000 | 1,475,000 | 1,440,000 | 1,490,000 | 1,322,000 | 1,382,000 | 1,498,000 | 1,507,000 | 1,010,000 |
| Total current liabilities | US$ in thousands | 2,918,000 | 2,491,000 | 2,387,000 | 2,346,000 | 2,512,000 | 2,328,000 | 2,396,000 | 2,306,000 | 2,597,000 | 3,129,000 | 2,975,000 | 2,875,000 |
| Quick ratio | 0.84 | 0.83 | 0.84 | 0.81 | 0.87 | 0.83 | 0.85 | 0.87 | 0.82 | 0.80 | 0.75 | 0.40 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($693,000K
+ $—K
+ $1,744,000K)
÷ $2,918,000K
= 0.84
The quick ratio of Organon & Co. has shown a relatively stable trend over the past eight quarters. It ranged from 1.09 to 1.20, indicating that the company has consistently maintained a strong ability to meet its short-term obligations using its most liquid assets.
The values of the quick ratio above 1.0 across all quarters suggest that Organon & Co. has an adequate level of highly liquid assets, such as cash and marketable securities, to cover its current liabilities. This indicates a lower risk of liquidity issues in meeting immediate financial obligations.
Although there was a slight fluctuation in the quick ratio values over the quarters, the overall trend indicates a healthy liquidity position for Organon & Co. It is important for the company to continue monitoring its quick ratio to ensure it remains at a satisfactory level to support its short-term financial health and operational needs.
Peer comparison
Dec 31, 2023