Dentsply Sirona Inc (XRAY)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,746,000 | 1,973,000 | 1,893,000 | 1,837,000 | 1,791,000 |
| Total current liabilities | US$ in thousands | 1,589,000 | 1,425,000 | 1,170,000 | 1,186,000 | 1,317,000 |
| Current ratio | 1.10 | 1.38 | 1.62 | 1.55 | 1.36 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,746,000K ÷ $1,589,000K
= 1.10
The current ratio of Dentsply Sirona Inc has shown fluctuating trends over the past five years based on the provided data. As of December 31, 2020, the current ratio was 1.36, indicating that the company had $1.36 in current assets for every $1 in current liabilities.
Over the following years, the current ratio improved, reaching 1.55 by December 31, 2021, and further increasing to 1.62 by December 31, 2022. This upward trend suggests that Dentsply Sirona Inc has been managing its current assets and liabilities more effectively, potentially improving its short-term liquidity position.
However, by December 31, 2023, the current ratio decreased to 1.38, indicating a slight decline in liquidity compared to the previous year. This decrease could be a signal of potential challenges in managing current assets or an increase in current liabilities during that period.
The most notable change occurred by the end of 2024, where the current ratio dropped significantly to 1.10. This decline suggests a potential liquidity strain, with the company having relatively fewer current assets to cover its current liabilities. A current ratio below 1 might indicate that the company may struggle to meet its short-term obligations without relying on external sources of funding.
Overall, fluctuations in Dentsply Sirona Inc's current ratio over the analyzed period signal varying levels of liquidity and potential changes in the company's ability to manage its short-term financial obligations effectively. Further analysis of the underlying factors driving these changes would be necessary to understand the company's financial health comprehensively.
Peer comparison
Dec 31, 2024