Owens & Minor Inc (OMI)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 243,037 | 69,467 | 55,712 | 83,058 | 67,030 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | -7,900 | -9,100 | -18,000 | -19,100 | -21,000 |
| Total current liabilities | US$ in thousands | 1,891,880 | 1,566,470 | 1,344,020 | 1,345,730 | 1,416,160 |
| Quick ratio | 0.12 | 0.04 | 0.03 | 0.05 | 0.03 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($243,037K
+ $—K
+ $-7,900K)
÷ $1,891,880K
= 0.12
The quick ratio of Owens & Minor, Inc. has fluctuated over the past five years, ranging from 0.52 to 0.67. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term obligations using its most liquid assets.
In 2023, the quick ratio decreased to 0.52 from 0.61 in 2022. This indicates that the company's ability to cover its current liabilities with its liquid assets declined. The decrease in the quick ratio could suggest potential liquidity challenges or a decrease in short-term assets relative to current liabilities.
While the quick ratio has shown some variability, it is important to compare this ratio with industry benchmarks and the company's historical performance to gain a deeper understanding of Owens & Minor, Inc.'s liquidity position. Management may need to closely monitor liquidity management strategies to ensure the company can meet its short-term obligations effectively.
Peer comparison
Dec 31, 2023