Somnigroup International Inc. (SGI)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 117,400 | 104,200 | 95,800 | 92,500 | 74,900 | 91,600 | 101,800 | 91,000 | 69,400 | 94,100 | 110,300 | 116,300 | 300,700 | 503,300 | 58,100 | 290,500 | 65,000 | 229,200 | 146,800 | 197,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 960,300 | 1,011,800 | 957,800 | 958,200 | 908,200 | 1,058,900 | 1,006,700 | 1,022,800 | 981,200 | 1,077,900 | 1,057,100 | 1,101,100 | 1,053,400 | 1,159,400 | 858,300 | 895,700 | 974,800 | 1,026,700 | 1,001,700 | 750,400 |
| Cash ratio | 0.12 | 0.10 | 0.10 | 0.10 | 0.08 | 0.09 | 0.10 | 0.09 | 0.07 | 0.09 | 0.10 | 0.11 | 0.29 | 0.43 | 0.07 | 0.32 | 0.07 | 0.22 | 0.15 | 0.26 |
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 fluctuating levels over the past years, ranging from 0.07 to 0.43. The ratio measures the company's ability to cover its short-term obligations with its available cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term liabilities without relying on external sources.
Somnigroup's cash ratio reached its highest point at 0.43 on September 30, 2021, suggesting a peak level of liquidity at that period. However, the ratio dropped to 0.07 on June 30, 2020, and again on June 30, 2021, indicating potential liquidity challenges during those quarters.
Overall, Somnigroup International Inc.'s cash ratio has been volatile, reflecting varying levels of liquidity throughout the observed period. The company may need to manage its cash position more effectively to ensure sufficient liquidity to meet its short-term obligations consistently.
Peer comparison
Dec 31, 2024