Perrigo Company PLC (PRGO)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 558,800 | 751,300 | 600,700 | 1,864,900 | 641,500 |
| Short-term investments | US$ in thousands | — | 100 | 100 | 400 | 2,500 |
| Total current liabilities | US$ in thousands | 1,044,200 | 1,586,300 | 1,113,600 | 1,587,900 | 1,382,000 |
| Cash ratio | 0.54 | 0.47 | 0.54 | 1.17 | 0.47 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($558,800K
+ $—K)
÷ $1,044,200K
= 0.54
The cash ratio of Perrigo Company PLC has shown some fluctuations over the past five years. As of December 31, 2020, the cash ratio was relatively low at 0.47, indicating that the company had $0.47 of cash and cash equivalents for every $1 of current liabilities.
By December 31, 2021, the cash ratio had improved significantly to 1.17, demonstrating a stronger liquidity position with $1.17 in cash and cash equivalents for every $1 of current liabilities. However, this improvement was not sustained as the cash ratio dropped back to 0.54 by December 31, 2022.
Subsequently, the cash ratio remained relatively stable at 0.47 as of December 31, 2023, before increasing again to 0.54 by December 31, 2024. This fluctuation in the cash ratio may indicate varying levels of liquidity and ability to meet short-term obligations over the years, highlighting the importance of monitoring cash levels and managing liquidity effectively for Perrigo Company PLC.
Peer comparison
Dec 31, 2024