Omnicell Inc (OMCL)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 369,201 | 467,972 | 330,362 | 349,051 | 485,928 |
| Short-term investments | US$ in thousands | 12,475 | 33,007 | 11,486 | 10,665 | 10,246 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 595,678 | 367,792 | 428,446 | 876,158 | 276,423 |
| Quick ratio | 0.64 | 1.36 | 0.80 | 0.41 | 1.79 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($369,201K
+ $12,475K
+ $—K)
÷ $595,678K
= 0.64
The quick ratio of Omnicell Inc has shown fluctuations over the past five years.
In December 2020, the quick ratio was relatively strong at 1.79, indicating that Omnicell had $1.79 of easily liquidated assets available to cover each dollar of current liabilities. This suggests a healthy level of short-term liquidity.
However, by the end of December 2021, the quick ratio dropped significantly to 0.41. This sharp decline may raise concerns about Omnicell's ability to quickly meet its short-term obligations with its liquid assets alone. A ratio below 1 indicates potential liquidity challenges.
By December 2022, the quick ratio improved to 0.80, but it remained below the ideal threshold of 1. While the increase shows a positive trend, Omnicell may still have limited immediate resources to cover its short-term liabilities.
The quick ratio continued to rise in December 2023, reaching 1.36. This improvement suggests that Omnicell enhanced its short-term liquidity position, indicating a better ability to meet its current obligations with liquid assets.
However, the ratio decreased to 0.64 by December 2024, signaling a potential decline in Omnicell's short-term liquidity. The company may need to carefully manage its liquidity position to ensure it can efficiently address immediate financial obligations.
Overall, Omnicell Inc's quick ratio has displayed variability over the years, with fluctuations that may require attention to maintain a healthy liquidity position and meet short-term financial obligations effectively.
Peer comparison
Dec 31, 2024