Omnicell Inc (OMCL)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.71 | 1.87 | 1.91 | 1.92 | 1.87 | 1.87 | 1.89 | 1.97 | 1.96 | 1.92 | 1.95 | 1.97 | 1.87 | 1.85 | 1.86 | 1.87 | 1.89 | 1.87 | 1.38 | 1.40 |
Omnicell Inc's solvency ratios reflect a strong financial position as indicated by consistently low debt-to-assets, debt-to-capital, and debt-to-equity ratios of 0.00 across all reporting periods from March 31, 2020, to December 31, 2024. These ratios suggest that the company has minimal debt relative to its assets, capital, and equity, indicating a low level of financial risk.
Furthermore, the financial leverage ratio has remained relatively stable over the years, ranging from 1.38 to 1.97. The ratio peaked at 1.97 on March 31, 2023, suggesting a slightly higher level of financial risk at that point. However, the ratio decreased to 1.71 by December 31, 2024, indicating a reduction in leverage and improved financial stability.
Overall, Omnicell Inc's solvency ratios demonstrate a healthy financial position with a strong ability to meet its financial obligations and weather economic downturns.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | -0.28 | -5.41 | -6.29 | -6.21 | -7.23 | -3.60 | -3.05 | -3.54 | 0.28 | 5.51 | 4.31 | 4.21 | 3.67 | 3.94 | 4.02 | 3.10 | 4.45 | 5.60 | 6.61 | 8.04 |
Omnicell Inc's interest coverage ratio has shown a declining trend from March 31, 2020, to December 31, 2022, indicating a weakening ability to cover its interest obligations with operating income. The ratio hit a low of 0.28 on December 31, 2022, suggesting a significant strain on the company's ability to meet its interest payments.
Starting from March 31, 2023, the interest coverage ratio has become negative, which implies that the company's operating income is insufficient to cover its interest expenses. This negative trend persists until December 31, 2024, with the ratio reaching its lowest point at -7.23 on December 31, 2023.
The consistent decline and subsequent negative interest coverage ratios indicate potential financial distress for Omnicell Inc, as the company may struggle to meet its interest obligations with its current level of operating income. Further investigation into the company's financial health and strategies to improve profitability and cash flow may be warranted to address this concerning trend in its interest coverage ratio.