ResMed Inc (RMD)
Quick ratio
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,209,450 | 238,361 | 227,891 | 273,710 | 295,278 |
| Short-term investments | US$ in thousands | — | 12,026 | 12,423 | 9,167 | — |
| Receivables | US$ in thousands | 939,492 | 837,275 | 704,909 | 575,950 | 614,292 |
| Total current liabilities | US$ in thousands | 1,019,120 | 910,655 | 758,533 | 689,299 | 911,766 |
| Quick ratio | 2.11 | 1.19 | 1.25 | 1.25 | 1.00 |
June 30, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,209,450K
+ $—K
+ $939,492K)
÷ $1,019,120K
= 2.11
The quick ratio of ResMed Inc. exhibits notable variation over the analyzed period from June 30, 2021, to June 30, 2025. As of June 30, 2021, the company's quick ratio stood at 1.00, indicating that its most liquid assets roughly equaled its current liabilities, reflecting a balanced liquidity position. By June 30, 2022, the quick ratio increased to 1.25, signifying an improvement in liquidity and a greater buffer of liquid assets relative to current liabilities. This elevated level persisted through June 30, 2023, maintaining a ratio of 1.25, which suggests sustained liquidity strength.
However, moving into June 30, 2024, the quick ratio experienced a slight decline to 1.19, indicating a marginal reduction in liquidity, although the ratio remained above the critical threshold of 1, implying the company still maintained sufficient liquid assets to cover its current liabilities. The most significant shift occurred by June 30, 2025, when the quick ratio surged to 2.11, more than doubling the previous year's figure. This substantial increase indicates a strong enhancement in liquidity, with liquid assets more than doubling to cover current liabilities, promoting a very comfortable liquidity position.
Overall, the trend demonstrates resilience and improvement in ResMed Inc.'s liquidity stance over the analyzed period, marked by stable ratios initially and a significant rise at the end of the period, emphasizing an enhanced capacity to meet short-term obligations with liquid assets.
Peer comparison
Jun 30, 2025