Dentsply Sirona Inc (XRAY)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 272,000 | 334,000 | 365,000 | 339,000 | 438,000 |
| Short-term investments | US$ in thousands | — | 24,000 | 24,000 | 22,000 | 33,000 |
| Total current liabilities | US$ in thousands | 1,589,000 | 1,425,000 | 1,170,000 | 1,186,000 | 1,317,000 |
| Cash ratio | 0.17 | 0.25 | 0.33 | 0.30 | 0.36 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($272,000K
+ $—K)
÷ $1,589,000K
= 0.17
The cash ratio of Dentsply Sirona Inc has shown a gradual decline over the years, decreasing from 0.36 in December 2020 to 0.17 by December 2024. A cash ratio of 0.17 means that the company had $0.17 in cash and cash equivalents for every $1 of current liabilities at the end of 2024.
This declining trend in the cash ratio indicates that the company may be facing challenges in maintaining sufficient cash reserves relative to its current liabilities. A lower cash ratio could signal potential liquidity concerns or difficulties in meeting short-term financial obligations.
It is important for investors and stakeholders to closely monitor the cash ratio of Dentsply Sirona Inc to assess the company's liquidity position and its ability to weather potential financial difficulties in the future.
Peer comparison
Dec 31, 2024