Somnigroup International Inc. (SGI)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 117,400 | 74,900 | 69,400 | 300,700 | 65,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 960,300 | 908,200 | 981,200 | 1,053,400 | 974,800 |
| Quick ratio | 0.12 | 0.08 | 0.07 | 0.29 | 0.07 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($117,400K
+ $—K
+ $—K)
÷ $960,300K
= 0.12
The quick ratio of Somnigroup International Inc. has shown fluctuations over the years based on the provided data. As of December 31, 2020, the quick ratio was quite low at 0.07, indicating a limited ability to cover its current liabilities with its most liquid assets. However, by December 31, 2021, the quick ratio improved significantly to 0.29, suggesting a better ability to meet short-term obligations using its quick assets.
Subsequently, there was a slight decrease in the quick ratio to 0.07 by December 31, 2022, potentially signaling some difficulties in maintaining liquidity levels. However, the quick ratio then increased to 0.08 by December 31, 2023, indicating a slight improvement in the company's short-term liquidity position. Finally, as of December 31, 2024, the quick ratio further improved to 0.12, reflecting a stronger ability to cover immediate liabilities with quick assets compared to previous years.
Overall, the trend in Somnigroup International Inc.'s quick ratio suggests varying levels of liquidity and ability to meet short-term obligations over the years, with notable improvements in certain periods. It would be essential for stakeholders to monitor these ratios to assess the company's liquidity position accurately.
Peer comparison
Dec 31, 2024