Omnicell Inc (OMCL)
Cash 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 and cash equivalents | US$ in thousands | 468,000 | 446,800 | 399,500 | 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 | 127,210 | 137,300 | 87,482 | 77,244 |
| Short-term investments | US$ in thousands | 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 | 17 | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 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 | 236,996 | 228,170 | 211,384 | 210,622 |
| Cash ratio | 1.30 | 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 | 0.54 | 0.60 | 0.41 | 0.37 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($468,000K
+ $11,867K)
÷ $367,792K
= 1.30
Omnicell, Inc.'s cash ratio has shown a generally positive trend over the past eight quarters, indicating an improvement in its liquidity position. The cash ratio has increased from 0.33 in Q1 2022 to 1.42 in Q4 2023. This suggests that the company's ability to cover its short-term liabilities with its cash and cash equivalents has strengthened significantly.
The cash ratio peaked in Q4 2023 at 1.42, reflecting a healthy cash position relative to its current liabilities. This indicates that Omnicell, Inc. is well-equipped to meet its short-term financial obligations without relying heavily on external financing. A higher cash ratio is generally considered favorable as it signifies a lower risk of insolvency and better financial stability.
Overall, Omnicell, Inc.'s improving cash ratio trend indicates effective cash management and liquidity planning by the company. This enhances its financial flexibility and ability to navigate unforeseen challenges, positioning it well for sustainable growth and operational resilience in the future.
Peer comparison
Dec 31, 2023