ResMed Inc (RMD)

Cash 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 and cash equivalents	US$ in thousands	238,361	237,910	210,247	209,100	227,891	227,894	253,199	207,163	273,710	201,769	194,476	276,149	295,278	230,635	255,865	421,414	463,156	352,861	204,095	172,154
Short-term investments	US$ in thousands	12,026	21,537	7,617	11,821	12,423	12,115	4,980	—	9,167	17,842	19,566	33,138	—	24,011	—	2,020	—	—	—	—
Total current liabilities	US$ in thousands	910,655	773,030	764,073	770,802	758,533	761,691	732,714	692,659	689,299	667,265	621,064	624,158	911,766	876,541	577,335	590,853	602,761	551,519	500,045	550,457
Cash ratio		0.27	0.34	0.29	0.29	0.32	0.32	0.35	0.30	0.41	0.33	0.34	0.50	0.32	0.29	0.44	0.72	0.77	0.64	0.41	0.31

June 30, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($238,361K + $12,026K) ÷ $910,655K
= 0.27

The cash ratio for ResMed Inc fluctuated over the periods indicated in the table. The cash ratio measures a company's ability to cover its current liabilities with its cash and cash equivalents. A higher cash ratio suggests a stronger ability to cover short-term obligations.

Based on the data:
- The cash ratio ranged from a low of 0.27 to a high of 0.77.
- The ratio peaked at 0.77 on September 30, 2020, indicating that ResMed had a significant amount of cash and cash equivalents relative to its current liabilities at that time.
- The lowest point was at 0.27 on June 30, 2024, suggesting a decreased ability to cover short-term obligations with available cash.

Overall, ResMed's cash ratio has shown variability, which may reflect changes in the company's cash position and short-term liabilities over time. Investors and analysts may want to further investigate the reasons behind these fluctuations to assess the company's liquidity position and financial health.