Owens & Minor Inc (OMI)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,102,790 | 2,130,270 | 2,262,450 | 2,268,330 | 2,295,180 | 2,441,920 | 2,434,200 | 2,553,350 | 2,321,810 | 2,398,220 | 2,402,070 | 2,206,740 | 2,135,860 | 2,097,530 | 1,951,030 | 2,519,810 | 2,407,280 | 2,251,260 | 2,474,630 | 2,465,250 |
| 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 |
| Current ratio | 1.11 | 1.23 | 1.34 | 1.39 | 1.47 | 1.52 | 1.55 | 1.54 | 1.73 | 1.68 | 1.67 | 1.65 | 1.59 | 1.47 | 1.63 | 1.63 | 1.70 | 1.74 | 1.68 | 1.75 |
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 displayed a declining trend over the past eight quarters, indicating potential liquidity challenges. The current ratio measures the company's ability to cover its short-term liabilities with its short-term assets.
The current ratio decreased from 1.54 in Q1 2022 to 1.11 in Q4 2023, signaling a significant decrease in the company's ability to meet its short-term obligations using its current assets. This downward trend may be a cause for concern, as a current ratio below 1 may suggest that the company may struggle to pay off its current liabilities.
While the company's current ratio has fluctuated between 1.11 and 1.55 over the last eight quarters, the overall trend is pointing towards a decreasing liquidity position. Management should closely monitor the current ratio and take necessary actions to improve liquidity, such as managing inventory levels, accelerating receivables collection, or securing additional short-term financing if needed.
Peer comparison
Dec 31, 2023