Dentsply Sirona Inc (XRAY)
Cash ratio
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 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 | 405,000 | 226,100 | 250,100 | 225,400 |
| Short-term investments | US$ in thousands | — | — | — | — | 24,000 | — | — | — | — | — | — | — | — | — | — | — | 40,400 | — | — | — |
| Total current liabilities | US$ in thousands | 1,425,000 | 1,218,000 | 1,271,000 | 1,374,000 | 1,170,000 | 1,296,000 | 1,241,000 | 1,372,000 | 1,261,000 | 1,199,000 | 1,251,000 | 1,212,000 | 1,372,000 | 1,178,200 | 763,000 | 891,500 | 995,000 | 868,900 | 880,800 | 870,600 |
| Cash ratio | 0.23 | 0.25 | 0.23 | 0.23 | 0.33 | 0.32 | 0.29 | 0.27 | 0.27 | 0.23 | 0.27 | 0.26 | 0.32 | 1.08 | 1.45 | 0.26 | 0.45 | 0.26 | 0.28 | 0.26 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($334,000K
+ $—K)
÷ $1,425,000K
= 0.23
The cash ratio for DENTSPLY Sirona Inc has remained relatively stable over the past two years, ranging from 0.46 to 0.54. This indicates that the company has maintained a consistent level of cash and cash equivalents relative to its current liabilities during this period. A cash ratio above 1 would indicate that the company has more than enough cash on hand to cover its short-term liabilities, while a ratio below 1 suggests that the company may have limited liquidity to meet its current obligations.
In the case of DENTSPLY Sirona Inc, the cash ratio has consistently been below 1, indicating that the company may not have sufficient cash reserves to cover its short-term liabilities. However, it's essential to note that a lower cash ratio may not necessarily be indicative of financial distress, as the company may have other assets that can be quickly converted into cash if needed.
Overall, while DENTSPLY Sirona Inc's cash ratio has remained steady, the company may need to monitor its liquidity position closely to ensure it can meet its short-term obligations without any issues.
Peer comparison
Dec 31, 2023