Omnicell Inc (OMCL)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 927,571 | 881,812 | 780,702 | 829,414 | 483,238 |
| Total current liabilities | US$ in thousands | 367,792 | 428,446 | 876,158 | 276,423 | 236,996 |
| Current ratio | 2.52 | 2.06 | 0.89 | 3.00 | 2.04 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $927,571K ÷ $367,792K
= 2.52
Omnicell, Inc.'s current ratio has exhibited significant fluctuations over the past five years. The ratio improved from 2.04 in 2019 to 3.00 in 2020, indicating a strong ability to cover its short-term obligations with current assets. However, the ratio decreased to 0.89 in 2021, suggesting potential liquidity concerns as current assets may not be sufficient to meet current liabilities. In 2022, the ratio increased to 2.06, indicating a better liquidity position but still below the 2020 level. The latest data shows a current ratio of 2.52 in 2023, reflecting a further improvement in liquidity compared to the previous year. Overall, the current ratio has shown volatility, indicating fluctuations in Omnicell's ability to meet short-term obligations with current assets.
Peer comparison
Dec 31, 2023