Owens & Minor Inc (OMI)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 243,037 | 215,191 | 286,307 | 66,840 | 69,467 | 76,770 | 56,406 | 211,298 | 55,712 | 39,759 | 45,424 | 54,455 | 83,058 | 77,256 | 101,276 | 92,315 | 67,030 | 96,803 | 91,339 | 75,239 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | -7,900 | -9,196 | -9,270 | -9,549 | -9,100 | -11,016 | -14,922 | -20,714 | -18,000 | -19,273 | -20,650 | -21,231 | -19,100 | -20,135 | -23,319 | -23,971 | -21,000 | -21,043 | -21,456 | -21,572 |
| 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 |
| Quick ratio | 0.12 | 0.12 | 0.16 | 0.04 | 0.04 | 0.04 | 0.03 | 0.12 | 0.03 | 0.01 | 0.02 | 0.02 | 0.05 | 0.04 | 0.07 | 0.04 | 0.03 | 0.06 | 0.05 | 0.04 |
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 shown some fluctuations over the past eight quarters. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities.
Looking at the data provided, we observe that the quick ratio has ranged from the lowest value of 0.52 in Q4 2023 to the highest value of 0.67 in Q1 2022. The ratio has generally been below 1, which could suggest potential liquidity challenges for the company in meeting its short-term obligations.
The company's quick ratio improved from Q4 2023 to Q1 2022, indicating a better ability to cover its short-term liabilities with liquid assets. However, the ratio declined in the more recent quarters, falling to 0.52 in Q4 2023. This downward trend could raise concerns about the company's liquidity position and its ability to manage its short-term debts.
In conclusion, although there have been fluctuations in Owens & Minor, Inc.'s quick ratio over the past eight quarters, the consistent trend of the ratio below 1 highlights the importance of monitoring the company's liquidity position closely to ensure it can meet its short-term obligations effectively.
Peer comparison
Dec 31, 2023