Omnicom Group Inc (OMC)
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 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 4,432,000 | 2,769,600 | 2,734,100 | 3,261,500 | 4,281,800 | 3,198,500 | 3,205,100 | 3,925,500 | 5,316,800 | 4,431,200 | 4,388,100 | 4,897,300 | 5,600,500 | 3,278,300 | 3,281,000 | 2,692,500 | 4,305,700 | 2,440,400 | 2,898,100 | 3,449,700 |
| Short-term investments | US$ in thousands | 0 | 0 | 75,900 | 87,400 | 60,700 | 94,900 | 119,900 | 92,700 | 0 | 1,200 | 1,300 | 1,400 | 0 | 0 | 0 | 1,600 | 3,600 | 5,200 | 5,400 | 5,400 |
| Receivables | US$ in thousands | 8,659,800 | 7,285,800 | 7,460,100 | 7,062,200 | 8,097,100 | 6,532,300 | 7,043,700 | 7,071,600 | 8,472,500 | 7,186,200 | 7,246,300 | 6,633,200 | 7,813,400 | 6,298,300 | 5,290,800 | 6,690,500 | 7,829,000 | 6,547,900 | 7,244,900 | 7,036,700 |
| Total current liabilities | US$ in thousands | 16,246,000 | 13,019,000 | 13,301,200 | 13,465,100 | 15,052,800 | 12,705,400 | 13,213,700 | 14,177,200 | 16,226,200 | 13,825,200 | 13,701,600 | 13,471,900 | 15,525,100 | 12,163,800 | 11,330,900 | 12,857,000 | 15,980,900 | 13,259,800 | 15,068,100 | 14,913,100 |
| Quick ratio | 0.81 | 0.77 | 0.77 | 0.77 | 0.83 | 0.77 | 0.78 | 0.78 | 0.85 | 0.84 | 0.85 | 0.86 | 0.86 | 0.79 | 0.76 | 0.73 | 0.76 | 0.68 | 0.67 | 0.70 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($4,432,000K
+ $0K
+ $8,659,800K)
÷ $16,246,000K
= 0.81
The quick ratio of Omnicom Group, Inc. has been relatively stable over the past eight quarters, ranging from 0.84 to 0.89. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
With quick ratios consistently above 1 being considered ideal, Omnicom's quick ratio values indicate that the company may have some difficulty meeting its short-term liabilities with its quick assets alone. However, the company's quick ratio has generally remained above 0.8, suggesting that it still has an acceptable level of liquidity to cover its short-term obligations.
Overall, while the quick ratio may not be optimal, Omnicom Group, Inc. appears to have maintained a reasonable level of liquidity throughout the periods analyzed. It is important for the company to continue monitoring its liquidity position to ensure it can meet its short-term financial commitments.
Peer comparison
Dec 31, 2023