Somnigroup International Inc. (SGI)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | 476,100 | 461,500 | 422,600 | 488,200 | 481,600 | 426,400 | 419,500 | 510,200 | 462,500 | 397,400 | 383,700 | 440,800 | 341,800 | 372,800 |
| 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 |
| Quick ratio | 0.12 | 0.10 | 0.10 | 0.10 | 0.08 | 0.09 | 0.57 | 0.54 | 0.50 | 0.54 | 0.56 | 0.49 | 0.68 | 0.87 | 0.61 | 0.77 | 0.46 | 0.65 | 0.49 | 0.76 |
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 past years, ranging from a low of 0.08 to a high of 0.87. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term obligations using only its most liquid assets. Specifically, the quick ratio dipped significantly in the last quarter of 2023 and continued to remain low until mid-2024. This trend suggests that the company may have faced challenges in maintaining sufficient liquid assets to cover its current liabilities during this period. Overall, the quick ratio analysis highlights the company's liquidity position and its ability to manage short-term financial obligations effectively.
Peer comparison
Dec 31, 2024