Omnicell Inc (OMCL)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 369,201 | 570,628 | 578,281 | 549,964 | 500,979 | 446,840 | 399,464 | 340,413 | 330,362 | 266,402 | 244,953 | 265,008 | 349,051 | 481,549 | 614,236 | 548,055 | 485,928 | 629,171 | 133,583 | 104,080 |
| Short-term investments | US$ in thousands | 12,475 | 11,699 | 12,575 | 12,037 | 11,867 | 11,618 | 11,078 | 11,053 | 11,486 | 12,586 | 12,312 | 11,103 | 10,665 | 10,529 | 10,364 | 10,222 | 10,246 | 22,510 | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.64 | 0.61 | 1.45 | 1.35 | 1.39 | 1.24 | 1.11 | 0.77 | 0.80 | 0.74 | 0.69 | 0.29 | 0.41 | 1.45 | 1.97 | 1.91 | 1.79 | 2.79 | 0.56 | 0.42 |
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 fluctuated over the years, indicating the company's ability to meet its short-term obligations with its most liquid assets. The ratio was relatively low at 0.42 on March 31, 2020, and gradually improved to peak at 2.79 on September 30, 2020, before decreasing to 0.41 on December 31, 2021. This suggests variations in the company's liquidity position during the period.
From 2022 to 2023, the quick ratio remained relatively stable, ranging between 0.29 and 1.45, indicating a mixed performance in managing short-term liquidity. Notably, the ratio increased to 1.45 on June 30, 2023, before dropping to 0.61 on September 30, 2024, reflecting potential fluctuations in the company's ability to quickly cover its current liabilities.
Overall, despite some fluctuations, Omnicell Inc generally maintained a quick ratio above 1, indicating that it typically had sufficient liquid assets to cover its short-term liabilities during the period under review. However, careful monitoring of the ratio is advisable to ensure the company's continued ability to meet its immediate financial obligations.
Peer comparison
Dec 31, 2024