Owens & Minor Inc (OMI)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,021,020 | 2,116,540 | 2,327,070 | 2,236,340 | 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 |
| 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 |
| Current ratio | 1.08 | 1.09 | 1.09 | 1.16 | 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 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,021,020K ÷ $1,873,740K
= 1.08
Owens & Minor Inc's current ratio has shown fluctuations over the specified period, ranging from a high of 1.73 on December 31, 2021, to a low of 1.08 on December 31, 2024. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities.
The company's current ratio generally remained above 1 throughout the period, which is a positive sign as it suggests that Owens & Minor Inc has the ability to meet its short-term obligations. However, the decreasing trend observed from 2023 to 2024 may indicate a potential strain on the company's liquidity as its current assets may not be sufficient to cover its short-term liabilities.
Overall, while Owens & Minor Inc has maintained a current ratio above 1, investors and stakeholders should closely monitor the trend to assess the company's liquidity position and ability to meet its short-term financial obligations.
Peer comparison
Dec 31, 2024