Omnicell Inc (OMCL)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 815,493 | 1,011,260 | 995,668 | 989,918 | 927,571 | 913,751 | 881,361 | 934,969 | 881,812 | 849,132 | 787,770 | 775,604 | 780,702 | 888,716 | 984,288 | 903,999 | 829,414 | 963,404 | 465,165 | 478,323 |
| 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 |
| Current ratio | 1.37 | 1.05 | 2.45 | 2.38 | 2.52 | 2.47 | 2.38 | 2.06 | 2.06 | 2.25 | 2.11 | 0.82 | 0.89 | 2.62 | 3.10 | 3.09 | 3.00 | 4.12 | 1.97 | 1.93 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $815,493K ÷ $595,678K
= 1.37
Omnicell Inc's current ratio measures its ability to meet short-term obligations with current assets. The current ratio has fluctuated over the reporting periods, ranging from a low of 0.82 as of March 31, 2022, to a high of 4.12 as of September 30, 2020.
A current ratio above 1 indicates that Omnicell Inc has more current assets than current liabilities, reflecting a strong liquidity position. The company's current ratio generally remained above 1 throughout the periods, except for a few instances where it dropped below 1, indicating potential liquidity concerns.
While a current ratio above 2 is generally considered healthy, Omnicell Inc's current ratio has mostly ranged between 1.5 to 3, indicating a moderate level of liquidity. The company experienced a significant drop in its current ratio from December 31, 2021, to March 31, 2022, which could suggest a potential strain on short-term liquidity.
Overall, the current ratio trend for Omnicell Inc shows fluctuations but generally indicates that the company has maintained a reasonable ability to cover its short-term obligations with its current assets during the periods analyzed.
Peer comparison
Dec 31, 2024