Perrigo Company PLC (PRGO)
Quick ratio
| 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 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 558,800 | 1,463,500 | 542,800 | 658,500 | 751,300 | 598,300 | 555,200 | 553,000 | 600,700 | 468,700 | 485,300 | 1,965,500 | 1,864,900 | 2,078,100 | 317,500 | 470,900 | 641,500 | 849,400 | 1,456,300 | 510,400 |
| Short-term investments | US$ in thousands | — | — | — | — | 100 | 100 | — | 100 | 100 | 200 | 300 | 200 | 400 | 1,500 | 1,600 | 2,900 | 2,500 | 3,300 | 4,100 | 3,700 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,044,200 | 1,450,500 | 1,488,100 | 1,554,500 | 1,586,300 | 1,008,400 | 1,056,900 | 1,086,800 | 1,113,600 | 1,015,000 | 1,014,600 | 981,300 | 1,587,900 | 2,003,800 | 1,984,500 | 1,446,800 | 1,382,000 | 1,336,300 | 1,859,700 | 1,635,000 |
| Quick ratio | 0.54 | 1.01 | 0.36 | 0.42 | 0.47 | 0.59 | 0.53 | 0.51 | 0.54 | 0.46 | 0.48 | 2.00 | 1.17 | 1.04 | 0.16 | 0.33 | 0.47 | 0.64 | 0.79 | 0.31 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($558,800K
+ $—K
+ $—K)
÷ $1,044,200K
= 0.54
The quick ratio of Perrigo Company PLC has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
At the beginning of the period, on March 31, 2020, the quick ratio was low at 0.31, indicating a potential liquidity issue as current assets may not be sufficient to cover current liabilities. The ratio improved significantly by June 30, 2021, reaching 1.04 and further increasing to 2.00 by March 31, 2022, suggesting a healthier liquidity position.
However, the quick ratio declined to 0.16 by June 30, 2021, reflecting a potential strain on liquidity. Although there was a subsequent recovery to 0.59 by September 30, 2023, the ratio decreased slightly to 0.47 by December 31, 2023, which may raise concerns about the company's ability to cover its short-term obligations.
The quick ratio increased to 1.01 by September 30, 2024, indicating an improvement in liquidity, but decreased again to 0.54 by December 31, 2024. Overall, the trend in the quick ratio suggests variability in Perrigo Company PLC's liquidity position, which may require close monitoring and management of the company's current assets and liabilities to ensure financial stability.
Peer comparison
Dec 31, 2024