Owens & Minor Inc (OMI)
Cash 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 and cash equivalents | US$ in thousands | 49,382 | 45,454 | 257,073 | 270,794 | 243,037 | 215,191 | 286,307 | 66,840 | 69,467 | 76,770 | 56,406 | 211,298 | 55,712 | 39,759 | 45,424 | 54,455 | 83,058 | 77,256 | 101,276 | 92,315 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,873,740 | 1,934,170 | 2,131,180 | 1,933,090 | 1,891,880 | 1,732,180 | 1,691,640 | 1,630,630 | 1,566,470 | 1,602,370 | 1,569,360 | 1,654,300 | 1,344,020 | 1,425,020 | 1,435,180 | 1,337,300 | 1,345,730 | 1,430,000 | 1,196,230 | 1,549,670 |
| Cash ratio | 0.03 | 0.02 | 0.12 | 0.14 | 0.13 | 0.12 | 0.17 | 0.04 | 0.04 | 0.05 | 0.04 | 0.13 | 0.04 | 0.03 | 0.03 | 0.04 | 0.06 | 0.05 | 0.08 | 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 period from March 31, 2020, to December 31, 2024, ranging from as low as 0.02 to as high as 0.17. The cash ratio measures a company's ability to cover its short-term obligations with its available cash and cash equivalents. A higher cash ratio indicates a stronger liquidity position, implying the firm has more cash on hand to meet its short-term financial obligations.
Based on the data provided, the cash ratio experienced significant fluctuations, which may reflect changes in the company's cash position and liquidity management practices. It is important for stakeholders to monitor changes in the cash ratio over time to assess the company's liquidity risk and ability to meet its short-term financial commitments.
Peer comparison
Dec 31, 2024