Owens & Minor Inc (OMI)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 49,382 | 243,037 | 69,467 | 55,712 | 83,058 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,873,740 | 1,891,880 | 1,566,470 | 1,344,020 | 1,345,730 |
| Quick ratio | 0.03 | 0.13 | 0.04 | 0.04 | 0.06 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($49,382K
+ $—K
+ $—K)
÷ $1,873,740K
= 0.03
The quick ratio of Owens & Minor Inc, a healthcare company, has shown fluctuations over the past five years. As of December 31, 2020, the quick ratio was 0.06, indicating that the company had $0.06 in liquid assets for every $1 of current liabilities. This ratio decreased slightly to 0.04 by December 31, 2021, and remained at that level by the end of 2022.
However, there was a notable improvement in the quick ratio by the end of 2023, reaching 0.13. This may suggest that Owens & Minor Inc had better liquidity and a stronger ability to meet its short-term obligations with its quick assets.
Unfortunately, by December 31, 2024, the quick ratio dropped significantly to 0.03, signaling potentially higher financial risk as the company had fewer liquid assets relative to its current liabilities.
Overall, the trend in Owens & Minor Inc's quick ratio indicates some volatility in its liquidity position over the years, with potential implications for its short-term financial stability and ability to cover immediate obligations.
Peer comparison
Dec 31, 2024