STERIS plc (STE)

Cash ratio

		Mar 31, 2025	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
Cash and cash equivalents	US$ in thousands	171,701	155,178	172,195	198,328	207,020	195,585	213,757	208,614	208,357	259,371	258,259	316,327	348,320	359,089	383,494	534,774	220,531	252,502	312,028	255,627
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	1,022,170	891,120	805,483	834,360	931,127	913,694	873,115	886,911	861,844	796,457	872,815	908,323	922,222	904,307	785,701	1,145,020	577,920	505,867	435,418	479,549
Cash ratio		0.17	0.17	0.21	0.24	0.22	0.21	0.24	0.24	0.24	0.33	0.30	0.35	0.38	0.40	0.49	0.47	0.38	0.50	0.72	0.53

March 31, 2025 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($171,701K + $—K) ÷ $1,022,170K
= 0.17

The cash ratio of STERIS plc has shown a general declining trend over the analyzed period, dropping from 0.53 as of June 30, 2020, to 0.17 as of March 31, 2025. This indicates a decreasing ability of the company to cover its short-term liabilities with its available cash and cash equivalents. The ratio fluctuated within the range of 0.17 to 0.72 during this period, with notable declines in the second half of 2021 and into 2022. This may suggest potential cash flow challenges or a shift in the company's liquidity management strategies. It is important for STERIS plc to monitor its cash position and liquidity closely to ensure it can meet its financial obligations as they come due.