OSI Systems Inc (OSIS)

Current ratio

Jun 30, 2025 Mar 31, 2025 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
Total current assets US$ in thousands 1,422,860 1,272,530 1,324,570 1,310,000 1,215,520 1,119,250 1,003,080 872,099 839,903 778,534 767,435 771,044 746,144 758,536 769,790 730,210 709,404 661,410 634,424 614,793
Total current liabilities US$ in thousands 696,938 603,957 703,718 712,536 814,637 761,682 700,391 611,628 571,694 550,413 538,242 562,481 613,954 645,836 694,455 656,788 344,767 326,069 333,393 333,937
Current ratio 2.04 2.11 1.88 1.84 1.49 1.47 1.43 1.43 1.47 1.41 1.43 1.37 1.22 1.17 1.11 1.11 2.06 2.03 1.90 1.84

June 30, 2025 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,422,860K ÷ $696,938K
= 2.04

The analysis of OSI Systems Inc.'s current ratio over the specified period reveals a pattern of fluctuation that reflects changes in the company's short-term liquidity position. The current ratio, which measures the company's ability to meet its current liabilities with its current assets, varied from a low of approximately 1.11 at the end of September 2021 and December 2021 to a high of approximately 2.11 by March 2025.

During the initial period (September 2020 to September 2021), the company's current ratio experienced a steady increase from 1.84 to 2.06, indicating an improving liquidity position. However, a significant decline occurred between September 2021 and December 2021, when the ratio contracted back to 1.11, suggesting a deterioration in short-term liquidity. This decline persisted into early 2022, with ratios remaining relatively stable around 1.17 to 1.22 through March and June 2022.

From mid-2022 onward, the current ratio showed a gradual upward trend, reaching 1.37 in September 2022 and increasing further to approximately 1.43–1.47 in early 2023. Notably, by September 2023, the ratio increased to 1.43 and remained stable through December 2023. The upward trajectory continued into 2024 and 2025, with the ratio reaching approximately 2.11 in March 2025 before slight fluctuations, ending at 2.04 in June 2025.

Overall, the current ratio consistently remained above 1.1, indicating that OSI Systems generally maintained sufficient short-term liquidity across the period. The substantial increase towards the later years, especially reaching over 2.0, suggests an improved liquidity position, potentially reflecting stronger working capital management or increased current assets relative to current liabilities. These shifts highlight periods of liquidity strengthening and brief phases of relative weakness.