Owens & Minor Inc (OMI)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 49,382 | 2,102,790 | 2,295,180 | 2,321,810 | 2,135,860 |
| Total current liabilities | US$ in thousands | 1,873,740 | 1,891,880 | 1,566,470 | 1,344,020 | 1,345,730 |
| Current ratio | 0.03 | 1.11 | 1.47 | 1.73 | 1.59 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $49,382K ÷ $1,873,740K
= 0.03
Owens & Minor Inc's current ratio has fluctuated over the past five years, starting at 1.59 in December 2020 and increasing to 1.73 by December 2021. However, there was a notable decrease to 1.47 by December 2022, followed by a more significant drop to 1.11 by December 2023. The most recent data point as of December 31, 2024, indicates a very low current ratio of 0.03.
A current ratio below 1 generally raises concerns about a company's short-term liquidity and its ability to cover its current liabilities with its current assets. In the case of Owens & Minor Inc, the declining trend in the current ratio should be carefully monitored, as it may signal potential challenges in managing short-term obligations in the coming periods. Further analysis of the company's current assets and current liabilities is recommended to assess the underlying reasons for this sharp decline in the current ratio.
Peer comparison
Dec 31, 2024