Dentsply Sirona Inc (XRAY)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | 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 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,589,000 | 1,425,000 | 1,170,000 | 1,186,000 | 1,317,000 |
| Quick ratio | 0.17 | 0.25 | 0.33 | 0.30 | 0.36 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($272,000K
+ $—K
+ $—K)
÷ $1,589,000K
= 0.17
The quick ratio of Dentsply Sirona Inc has shown a declining trend over the past five years, starting at 0.36 on December 31, 2020, and decreasing to 0.17 by December 31, 2024.
A quick ratio below 1 indicates that the company may have difficulties in meeting its short-term obligations with its most liquid assets. The decreasing trend in the quick ratio implies a potential deterioration in the company's ability to cover its current liabilities with its readily available assets.
It is essential for Dentsply Sirona Inc to closely monitor and manage its liquidity position to ensure it can meet its short-term financial obligations efficiently. Further analysis of the company's current assets and current liabilities may provide more insights into the factors contributing to the declining quick ratio.
Peer comparison
Dec 31, 2024