Owens & Minor Inc (OMI)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,102,790 | 2,295,180 | 2,321,810 | 2,135,860 | 2,407,280 |
| Total current liabilities | US$ in thousands | 1,891,880 | 1,566,470 | 1,344,020 | 1,345,730 | 1,416,160 |
| Current ratio | 1.11 | 1.47 | 1.73 | 1.59 | 1.70 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,102,790K ÷ $1,891,880K
= 1.11
Owens & Minor, Inc.'s current ratio has shown a decreasing trend over the past five years, declining from 1.70 in 2019 to 1.11 in 2023. The current ratio measures a company's ability to cover its short-term obligations with its current assets. A higher current ratio indicates that a company is more capable of meeting its short-term liabilities.
The decreasing trend in Owens & Minor's current ratio may raise concerns about its liquidity and ability to meet its current obligations. A ratio below 1 suggests that the company may have difficulties covering its short-term liabilities with its current assets.
It is advisable for investors and stakeholders to closely monitor Owens & Minor's liquidity position and assess the company's ability to manage its short-term liabilities effectively. Additional analysis of cash flows and working capital management may provide further insights into the company's financial health and liquidity position.
Peer comparison
Dec 31, 2023