OSI Systems Inc (OSIS)

Cash ratio

		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	Dec 31, 2019	Sep 30, 2019
Cash and cash equivalents	US$ in thousands	95,353	101,443	127,258	82,591	76,800	65,622	45,600	53,990	64,202	83,279	86,300	54,663	80,613	92,465	72,575	76,925	76,102	101,026	95,056	85,142
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	814,637	761,682	700,391	611,628	571,694	550,413	538,242	562,481	613,954	645,836	694,455	656,788	344,767	326,069	333,393	333,937	330,101	375,962	383,936	394,702
Cash ratio		0.12	0.13	0.18	0.14	0.13	0.12	0.08	0.10	0.10	0.13	0.12	0.08	0.23	0.28	0.22	0.23	0.23	0.27	0.25	0.22

June 30, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($95,353K + $—K) ÷ $814,637K
= 0.12

The cash ratio of OSI Systems Inc has exhibited some fluctuations over the past few quarters. The ratio has ranged from a low of 0.08 to a high of 0.28, with an average of around 0.17. A cash ratio of 0.17 means that for every dollar of current liabilities, the company has 17 cents in cash and cash equivalents available to cover those obligations.

Analyzing the trend, we observe that the cash ratio was relatively stable around 0.10 to 0.13 during the first three quarters of 2022 but increased significantly to 0.23 in the fourth quarter of 2022. This surge continued into 2023, reaching a peak of 0.28 in March 2023. However, the ratio declined in subsequent quarters, dropping to 0.12 by June 2023.

The cash ratio then saw a slight increase in the second half of 2023, averaging around 0.15. In the first two quarters of 2024, the ratio slightly fluctuated between 0.12 and 0.14.

Overall, the cash ratio of OSI Systems Inc demonstrates variability, indicating fluctuations in the company's ability to cover its short-term obligations with its available cash and cash equivalents. Further analysis of the company's liquidity position and cash management practices may be necessary to understand the reasons behind these fluctuations.