Omnicell Inc (OMCL)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 815,493 | 927,571 | 881,812 | 780,702 | 829,414 |
| Total current liabilities | US$ in thousands | 595,678 | 367,792 | 428,446 | 876,158 | 276,423 |
| Current ratio | 1.37 | 2.52 | 2.06 | 0.89 | 3.00 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $815,493K ÷ $595,678K
= 1.37
Omnicell Inc's current ratio has fluctuated over the past five years. As of December 31, 2020, the company had a solid current ratio of 3.00, indicating a strong ability to meet its short-term obligations with current assets. However, there was a significant drop in the current ratio to 0.89 by December 31, 2021, suggesting potential liquidity challenges or an imbalance in current assets and liabilities.
Subsequently, Omnicell Inc improved its current ratio to 2.06 by December 31, 2022, and further to 2.52 by December 31, 2023, signaling enhanced liquidity and better short-term financial health. However, the ratio dipped again to 1.37 by December 31, 2024, indicating a potential decrease in the company's ability to cover short-term obligations with current assets.
Overall, while Omnicell Inc's current ratio has shown fluctuations, it is crucial for the company to maintain a healthy balance between current assets and liabilities to ensure smooth operations and financial stability.
Peer comparison
Dec 31, 2024