Dentsply Sirona Inc (XRAY)
Quick 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 | 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 | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
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 indicates its ability to meet its short-term obligations with its most liquid assets, excluding inventory.
From March 31, 2020, to June 30, 2020, the quick ratio improved significantly from 0.26 to 1.45, indicating a substantial increase in liquidity. However, the ratio trend fluctuated over the following quarters, showing mixed liquidity positions.
Although the quick ratio was above 1 in most periods, signifying a sufficient level of liquid assets to cover short-term liabilities, it displayed volatility and downward trends at times. Periods with quick ratios below 1 show potential liquidity concerns.
Overall, the quick ratio exhibited inconsistent performance, fluctuating between 0.17 to 1.45, with no clear upward or downward trend evident over the observation period. Further analysis and comparison with industry benchmarks could provide additional insights into Dentsply Sirona Inc's liquidity position.
Peer comparison
Dec 31, 2024