ResMed Inc (RMD)
Quick ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 238,361 | 227,891 | 273,710 | 295,278 | 463,156 |
| Short-term investments | US$ in thousands | 12,026 | 12,423 | 9,167 | — | — |
| Receivables | US$ in thousands | 837,275 | 704,909 | 575,950 | 614,292 | 474,643 |
| Total current liabilities | US$ in thousands | 910,655 | 758,533 | 689,299 | 911,766 | 602,761 |
| Quick ratio | 1.19 | 1.25 | 1.25 | 1.00 | 1.56 |
June 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($238,361K
+ $12,026K
+ $837,275K)
÷ $910,655K
= 1.19
The quick ratio of ResMed Inc has shown fluctuations over the past five years. As of June 30, 2024, the quick ratio stands at 1.19, indicating that the company has $1.19 in liquid assets available to cover $1 of current liabilities.
Comparing this to the previous years, we observe a slight decrease from 1.25 in both 2023 and 2022. This may suggest a slight tightening of liquidity in the most recent period. In 2021, the quick ratio was 1.00, signaling that the company had exactly enough liquid assets to cover its current liabilities, which could be a concern for investors and creditors.
In 2020, the quick ratio was 1.56, reflecting better liquidity compared to the recent years. Overall, while the current quick ratio of 1.19 indicates that ResMed Inc still has a reasonable level of liquidity to cover its short-term obligations, it is important to monitor this ratio over time to ensure the company's ability to meet its financial commitments.
Peer comparison
Jun 30, 2024