Owens & Minor Inc (OMI)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 49,382 | 243,037 | 69,467 | 55,712 | 83,058 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,873,740 | 1,891,880 | 1,566,470 | 1,344,020 | 1,345,730 |
| Cash ratio | 0.03 | 0.13 | 0.04 | 0.04 | 0.06 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($49,382K
+ $—K)
÷ $1,873,740K
= 0.03
The cash ratio of Owens & Minor Inc has fluctuated over the years based on the provided data. As of December 31, 2020, the cash ratio stood at 0.06, indicating that for every dollar of current liabilities, the company had $0.06 in cash or cash equivalents available. The ratio decreased in the following year to 0.04, suggesting a lower liquidity position compared to the previous period.
In both December 31, 2022 and December 31, 2024, the cash ratio remained at 0.04, indicating that Owens & Minor Inc continued to have the same level of cash or cash equivalents in relation to its current liabilities. However, there was a significant improvement in the cash ratio as of December 31, 2023, where the ratio increased to 0.13. This sharp rise suggests a better liquidity position for the company during that period.
Overall, the trend in the cash ratio reflects varying levels of liquidity for Owens & Minor Inc over the years, with a notable improvement in December 31, 2023, and fluctuations in the other years. It is essential for investors and stakeholders to monitor the company's ability to meet its short-term obligations by assessing its cash ratio alongside other liquidity metrics.
Peer comparison
Dec 31, 2024