Somnigroup International Inc. (SGI)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 117,400 | 74,900 | 69,400 | 300,700 | 65,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 960,300 | 908,200 | 981,200 | 1,053,400 | 974,800 |
| Cash ratio | 0.12 | 0.08 | 0.07 | 0.29 | 0.07 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($117,400K
+ $—K)
÷ $960,300K
= 0.12
The cash ratio of Somnigroup International Inc. has shown fluctuations over the past five years. As of December 31, 2020, the cash ratio was at a relatively low level of 0.07, indicating that the company had limited cash reserves to cover its current liabilities. However, by December 31, 2021, the cash ratio had significantly improved to 0.29, suggesting a strengthened ability to meet short-term obligations with available cash on hand.
Subsequently, in the following years, the cash ratio exhibited some variability. By December 31, 2022, the ratio dropped back to 0.07, which may raise concerns about the company's liquidity position. However, there was a slight increase by December 31, 2023, with the cash ratio at 0.08, although still relatively low compared to the previous year.
The most recent data as of December 31, 2024, shows a further improvement in the cash ratio to 0.12, indicating enhanced liquidity compared to the prior year. Overall, the trend in the cash ratio suggests that Somnigroup International Inc. has made efforts to strengthen its cash position over the years, which could help mitigate liquidity risks and ensure the company's ability to meet its short-term financial obligations.
Peer comparison
Dec 31, 2024