Omnicell Inc (OMCL)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 483,238 | 477,079 | 429,839 | 413,707 |
| 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 |
| Current ratio | 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 | 2.04 | 2.09 | 2.03 | 1.96 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $927,571K ÷ $367,792K
= 2.52
Omnicell, Inc.'s current ratio has shown some fluctuations over the past eight quarters, ranging from as low as 0.82 in Q1 2022 to as high as 2.52 in Q4 2023. Generally, a current ratio above 1 is considered healthy, indicating that the company's current assets are sufficient to cover its current liabilities. Omnicell has consistently maintained a current ratio above 1 throughout the periods analyzed.
The current ratio increased steadily from Q1 2022 to Q4 2023, peaking at 2.52 in the latest quarter. This indicates that Omnicell improved its ability to cover short-term obligations with its current assets over this period.
However, it's worth noting that in Q1 2022, the current ratio was significantly below 1 at 0.82, which could raise concerns about the company's short-term liquidity position at that time. It's possible that Omnicell faced challenges meeting its short-term obligations in Q1 2022.
Overall, the upward trend in the current ratio from Q1 2022 to Q4 2023 suggests that Omnicell has strengthened its liquidity position and enhanced its ability to meet short-term obligations with its current assets. This improvement indicates a positive development in the company's financial health over the analyzed period.
Peer comparison
Dec 31, 2023