Owens & Minor Inc (OMI)
Cash ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 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 | 67,030 | 96,803 | 91,339 | 75,239 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 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 | 1,416,160 | 1,295,790 | 1,470,400 | 1,409,680 |
| Cash ratio | 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 | 0.05 | 0.07 | 0.06 | 0.05 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($243,037K
+ $—K)
÷ $1,891,880K
= 0.13
The cash ratio of Owens & Minor, Inc. has shown fluctuations over the past eight quarters. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents.
In Q1 2022 and Q2 2022, the cash ratio was relatively stable at 0.20 and 0.11, respectively. However, in the following quarters, there were significant fluctuations. In Q3 2022 and Q4 2022, the cash ratio increased to 0.11 and 0.13, respectively, indicating an improvement in the company's liquidity position.
Subsequently, in Q1 2023, the cash ratio dropped sharply to 0.14, which may raise concerns about the company's ability to meet its short-term obligations with its available cash. However, in Q2 2023, the cash ratio improved to 0.25, suggesting better liquidity management during that period.
The cash ratio remained relatively stable in Q3 and Q4 2023 at 0.21, indicating a consistent ability to cover short-term liabilities with cash and cash equivalents. Overall, while there were fluctuations in the cash ratio over the quarters, Owens & Minor, Inc. appears to have managed its liquidity effectively in the recent periods.
Peer comparison
Dec 31, 2023