Somnigroup International Inc. (SGI)
Quick ratio
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 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 | 64,900 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 467,600 | 474,000 | 483,600 | 456,200 | 525,800 | 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 | 372,000 |
| Total current liabilities | US$ in thousands | 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 | 773,300 |
| Quick ratio | 0.57 | 0.59 | 0.60 | 0.58 | 0.58 | 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 | 0.56 |
September 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($104,200K
+ $—K
+ $467,600K)
÷ $1,011,800K
= 0.57
The quick ratio of Somnigroup International Inc. has shown fluctuations over the period from December 31, 2019, to September 30, 2024. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
The quick ratio started at a low of 0.56 on December 31, 2019, indicating that the company had a limited ability to cover its current liabilities with its quick assets. The ratio then improved to 0.77 on March 31, 2021, showing a better liquidity position. However, the ratio decreased to 0.46 by December 31, 2020, which was a concerning development.
There were fluctuations in the quick ratio in subsequent periods, with values ranging between 0.49 and 0.87. Notably, the quick ratio improved to 0.87 on September 30, 2021, suggesting a stronger ability to meet short-term obligations.
Overall, while the quick ratio has shown variability, it is essential for the company to maintain a healthy level of liquidity to ensure it can cover its short-term obligations effectively. Monitoring the trend of the quick ratio over time can provide insights into Somnigroup International Inc.'s liquidity management and financial health.
Peer comparison
Sep 30, 2024