Revvity Inc. (RVTY)

Cash ratio

		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	Jul 5, 2020	Apr 5, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cash and cash equivalents	US$ in thousands	913,163	1,136,720	1,331,900	2,267,180	454,358	400,741	345,861	654,756	603,320	472,374	572,810	988,234	387,054	258,293	218,536	195,146	191,877	392,969	150,016	134,252
Short-term investments	US$ in thousands	689,916	292,971	739,055	193,963	0	—	—	—	14,999	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	1,450,460	1,447,840	1,366,830	1,563,740	1,544,480	1,485,730	1,043,810	1,263,050	1,213,740	1,145,030	1,122,820	1,520,510	1,652,190	1,244,800	1,163,260	730,144	762,832	1,188,100	706,799	742,268
Cash ratio		1.11	0.99	1.52	1.57	0.29	0.27	0.33	0.52	0.51	0.41	0.51	0.65	0.23	0.21	0.19	0.27	0.25	0.33	0.21	0.18

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($913,163K + $689,916K) ÷ $1,450,460K
= 1.11

The cash ratio of Revvity Inc. has shown a positive trend over the past eight quarters, indicating the company's improved ability to cover its short-term liabilities with cash and cash equivalents. The cash ratio has consistently increased from 0.37 in Q4 2022 to 1.34 in Q4 2023. This signifies that for every dollar of current liabilities, Revvity Inc. had $1.34 in cash in Q4 2023, reflecting a strong liquidity position.

The increasing cash ratio trend suggests that the company has been effectively managing its cash resources and has built up a significant cash buffer over time. This could enhance Revvity Inc.'s financial stability and flexibility to meet its short-term obligations, such as paying off debts or covering operational expenses.

Overall, the consistent improvement in the cash ratio indicates that Revvity Inc. has been strengthening its financial health in terms of liquidity management, which can potentially contribute to its ability to navigate economic uncertainties or capitalize on strategic opportunities in the future.