Omnicell Inc (OMCL)

Quick ratio

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Cash US$ in thousands 468,000 330,362 349,051 485,928 127,210
Short-term investments US$ in thousands 11,867 11,486 10,665 10,246
Receivables US$ in thousands 252,025 299,469 240,894 190,117 218,362
Total current liabilities US$ in thousands 367,792 428,446 876,158 276,423 236,996
Quick ratio 1.99 1.50 0.69 2.48 1.46

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($468,000K + $11,867K + $252,025K) ÷ $367,792K
= 1.99

Omnicell, Inc.'s quick ratio has exhibited fluctuating trends over the past five years. The quick ratio, which measures the company's ability to meet its short-term obligations with its most liquid assets, stood at 2.10 as of December 31, 2023. This indicates that Omnicell has $2.10 in liquid assets available to cover each dollar of its current liabilities, reflecting a strong liquidity position.

Comparing this to previous years, the quick ratio was 1.58 in 2022, showing a moderate decrease from the current year but still above the acceptable threshold of 1. In 2021, the quick ratio was notably lower at 0.73, indicating a potential liquidity concern as the company had only $0.73 in quick assets for every dollar of current liabilities.

The quick ratio rebounded in 2020 to 2.59, signaling a significant improvement in liquidity compared to the preceding year. In 2019, the ratio was consistent with 2022 at 1.58, suggesting a stable liquidity position during that period.

Overall, Omnicell, Inc.'s quick ratio has experienced fluctuations, highlighting the importance of closely monitoring the company's liquidity position to assess its ability to meet short-term obligations effectively. The current ratio indicates a positive liquidity trend in the most recent year, but historical variations underscore the need for continued attention to liquidity management.


Peer comparison

Dec 31, 2023

Company name
Symbol
Quick ratio
Omnicell Inc
OMCL
1.99
Apple Inc
AAPL
0.84
Super Micro Computer Inc
SMCI
1.16