OSI Systems Inc (OSIS)

Quick 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	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	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables	US$ in thousands	648,155	503,828	370,168	323,769	380,845	300,663	322,756	313,506	308,094	282,872	288,037	292,004	296,659	258,594	263,071	253,149	281,368	257,505	257,385	245,093
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
Quick ratio		0.91	0.79	0.71	0.66	0.80	0.67	0.68	0.65	0.61	0.57	0.54	0.53	1.09	1.08	1.01	0.99	1.08	0.95	0.92	0.84

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 exhibited fluctuating trends over the past few quarters. The company's quick ratio has generally been above 1.0, indicating that it has had an acceptable level of liquidity to meet its short-term obligations. However, the quick ratio has shown some volatility, with occasional dips below 1.0, suggesting potential liquidity challenges during those periods.

In the most recent quarter ending on June 30, 2024, the quick ratio stood at 0.91, indicating a slight decrease from the prior quarter. While the ratio is still above 0.8, which is generally considered acceptable, it reflects a slight weakening in the company's ability to cover its current liabilities with its most liquid assets.

It is noteworthy that the quick ratio had peaked at 1.09 in the quarter ending December 31, 2021, showcasing a strong liquidity position at that time. However, the ratio has since declined, with fluctuations observed throughout the recent quarters.

Overall, OSI Systems Inc's quick ratio indicates a generally satisfactory liquidity position, but the fluctuations in the ratio highlight the importance of monitoring the company's ability to meet its short-term obligations with readily available assets.