Dentsply Sirona Inc (XRAY)
Cash 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 and cash equivalents | US$ in thousands | 272,000 | 296,000 | 279,000 | 291,000 | 334,000 | 309,000 | 295,000 | 318,000 | 365,000 | 418,000 | 362,000 | 374,000 | 339,000 | 281,000 | 332,000 | 318,000 | 438,000 | 1,272,000 | 1,109,100 | 235,900 |
| Short-term investments | US$ in thousands | — | — | — | — | 33,000 | — | 24,000 | — | 24,000 | 2,000 | — | — | 22,000 | 3,000 | — | — | 33,000 | — | — | — |
| Total current liabilities | US$ in thousands | 1,589,000 | 1,542,000 | 1,323,000 | 1,330,000 | 1,425,000 | 1,218,000 | 1,271,000 | 1,374,000 | 1,170,000 | 1,296,000 | 1,241,000 | 1,303,000 | 1,186,000 | 1,126,000 | 1,251,000 | 1,212,000 | 1,317,000 | 1,178,200 | 763,000 | 891,500 |
| Cash ratio | 0.17 | 0.19 | 0.21 | 0.22 | 0.26 | 0.25 | 0.25 | 0.23 | 0.33 | 0.32 | 0.29 | 0.29 | 0.30 | 0.25 | 0.27 | 0.26 | 0.36 | 1.08 | 1.45 | 0.26 |
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 fluctuation over the given time period based on the provided data.
Initially, on March 31, 2020, the cash ratio was low at 0.26, indicating that the company's cash and cash equivalents were not sufficient to cover its current liabilities.
The ratio improved significantly to 1.45 by June 30, 2020, suggesting that the company had enough cash to cover its short-term obligations. This trend continued until September 30, 2020, where the ratio remained strong at 1.08.
However, by December 31, 2020, the cash ratio decreased to 0.36, indicating a reduction in liquidity. The ratio remained relatively stable around 0.2 to 0.3 until September 30, 2022.
From September 30, 2022, to December 31, 2024, the cash ratio declined gradually to 0.17, signaling a potential liquidity challenge for the company in meeting its short-term obligations using its available cash resources.
In conclusion, the cash ratio of Dentsply Sirona Inc has experienced fluctuations over the observed period, with periods of strength followed by declines, indicating varying levels of liquidity and the ability to cover short-term obligations with available cash.
Peer comparison
Dec 31, 2024