Owens & Minor Inc (OMI)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 49,382 | 45,454 | 257,073 | 270,794 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.03 | 0.02 | 0.12 | 0.14 | 0.13 | 0.12 | 0.17 | 0.04 | 0.04 | 0.05 | 0.04 | 0.13 | 0.04 | 0.03 | 0.03 | 0.04 | 0.06 | 0.05 | 0.08 | 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 has shown fluctuations over the past several quarters. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
From March 31, 2020, to December 31, 2024, the quick ratio ranged from a low of 0.02 to a high of 0.17, indicating some variability in the company's liquidity position. A quick ratio below 1.0 suggests that the company may have difficulty meeting its short-term obligations using only its liquid assets.
During the period under review, the quick ratio generally hovered around the range of 0.03 to 0.06, with some spikes and dips outside this range. Notably, there was a significant increase in the quick ratio from June 30, 2023, to March 31, 2024, where it reached its highest point of 0.17, indicating an improvement in the company's short-term liquidity position during that period.
Overall, the quick ratio trend of Owens & Minor Inc suggests that while there have been fluctuations, the company generally maintained an acceptable level of liquidity to meet its short-term obligations throughout the observed period.
Peer comparison
Dec 31, 2024