Omnicell Inc (OMCL)
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 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 369,201 | 570,628 | 578,281 | 549,964 | 500,979 | 446,840 | 399,464 | 340,413 | 330,362 | 266,402 | 244,953 | 265,008 | 349,051 | 481,549 | 614,236 | 548,055 | 485,928 | 629,171 | 133,583 | 104,080 |
| Short-term investments | US$ in thousands | 12,475 | 11,699 | 12,575 | 12,037 | 11,867 | 11,618 | 11,078 | 11,053 | 11,486 | 12,586 | 12,312 | 11,103 | 10,665 | 10,529 | 10,364 | 10,222 | 10,246 | 22,510 | — | — |
| Total current liabilities | US$ in thousands | 595,678 | 961,517 | 407,122 | 416,364 | 367,792 | 369,361 | 370,157 | 453,968 | 428,446 | 376,681 | 373,514 | 951,012 | 876,158 | 338,662 | 317,112 | 292,273 | 276,423 | 233,876 | 236,563 | 248,440 |
| Cash ratio | 0.64 | 0.61 | 1.45 | 1.35 | 1.39 | 1.24 | 1.11 | 0.77 | 0.80 | 0.74 | 0.69 | 0.29 | 0.41 | 1.45 | 1.97 | 1.91 | 1.79 | 2.79 | 0.56 | 0.42 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($369,201K
+ $12,475K)
÷ $595,678K
= 0.64
Omnicell Inc's cash ratio indicates the company's ability to cover its current liabilities with its cash and cash equivalents. The cash ratio has fluctuated over the reported periods, starting at 0.42 on March 31, 2020, reaching a peak of 2.79 on September 30, 2020, before gradually declining. As of December 31, 2024, the cash ratio stands at 0.64.
A cash ratio below 1 suggests that Omnicell Inc may have difficulty meeting its short-term obligations solely with its cash on hand. The upward trend observed from March 31, 2021, to March 31, 2024, indicates an improvement in the company's ability to cover its current liabilities with its available cash.
However, the decrease in the cash ratio in the recent quarters, from September 30, 2024, to December 31, 2024, may raise concerns about the company's liquidity position. It is essential for Omnicell Inc to closely monitor its cash levels and financial obligations to ensure it can meet its short-term liabilities without incurring additional debt or risking financial distress.
Peer comparison
Dec 31, 2024