OSI Systems Inc (OSIS)
Quick ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 95,353 | 76,800 | 64,202 | 80,613 | 76,102 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 648,155 | 380,845 | 308,094 | 296,659 | 281,368 |
| Total current liabilities | US$ in thousands | 814,637 | 571,694 | 613,954 | 344,767 | 330,101 |
| Quick ratio | 0.91 | 0.80 | 0.61 | 1.09 | 1.08 |
June 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($95,353K
+ $—K
+ $648,155K)
÷ $814,637K
= 0.91
The quick ratio of OSI Systems Inc has fluctuated over the past five years, ranging from 0.61 to 1.09. 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 current liabilities.
In 2024, the quick ratio was 0.91, showing a slight improvement from the previous year's ratio of 0.80. This suggests that OSI Systems Inc improved its ability to cover its current liabilities with its quick assets. However, the ratio still falls below 1, indicating a potential liquidity concern.
The quick ratio in 2022 was 0.61, the lowest among the five years, raising a red flag about the company's liquidity position at that time. The quick ratio then increased in 2023 and further improved in 2024, which could indicate better management of current assets and liabilities.
Overall, OSI Systems Inc's quick ratio has shown variability over the past five years, indicating fluctuations in the company's liquidity position. It is essential for investors and stakeholders to monitor this ratio closely to assess the company's ability to meet its short-term obligations.
Peer comparison
Jun 30, 2024