Dentsply Sirona Inc (XRAY)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,973,000 | 1,913,000 | 1,920,000 | 1,943,000 | 1,893,000 | 1,939,000 | 1,885,000 | 1,897,000 | 1,852,000 | 1,805,000 | 1,785,000 | 1,696,000 | 1,798,000 | 2,579,600 | 2,362,900 | 1,805,200 | 2,000,000 | 1,811,300 | 1,828,300 | 1,795,600 |
| 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 |
| Current ratio | 1.38 | 1.57 | 1.51 | 1.41 | 1.62 | 1.50 | 1.52 | 1.38 | 1.47 | 1.51 | 1.43 | 1.40 | 1.31 | 2.19 | 3.10 | 2.02 | 2.01 | 2.08 | 2.08 | 2.06 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,973,000K ÷ $1,425,000K
= 1.38
The current ratio of DENTSPLY Sirona Inc has fluctuated over the past eight quarters, ranging from a low of 1.38 in Q1 2022 to a high of 1.62 in Q4 2022. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. Generally, a current ratio above 1 indicates that the company has more current assets than current liabilities, which is favorable.
In the most recent quarter, Q4 2023, the current ratio decreased to 1.38 from 1.57 in the previous quarter, Q3 2023. While the current ratio is still above 1, suggesting that the company can meet its short-term obligations, the decreasing trend may warrant further analysis. A declining current ratio could signal potential liquidity challenges or inefficiencies in managing working capital. It is important to monitor the trend in the current ratio over time to assess the company's financial health and liquidity position.
Peer comparison
Dec 31, 2023