What is ICU Medical's cash ratio?

ICU Medical (ICUI) reported cash ratio of 0.6× in Q1 2026.

How has ICU Medical's cash ratio changed year-over-year?

ICU Medical's cash ratio increased by 5.5% year-over-year, from 0.5× to 0.6×.

What is the long-term trend for ICU Medical's cash ratio?

Over 5 years (2020 to 2025), ICU Medical's cash ratio has grown at a -21.2% compound annual growth rate (CAGR), from 2× to 0.6×.

What does cash ratio mean?

Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.

ICU Medical ICUI Cash ratio

Cash ratio at other companies

Option Care Health, Inc.OPCH

0.2×0.0×

Merit Medical SystemsMMSI

2.3×+0.2×

Baxter InternationalBAX

0.5×-0.1×

Becton, Dickinson and CompanyBDX

0.1×0.0×

TFX

TeleflexTFX

0.5×0.0×

Moog Inc.MOG.A

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Other financials

Income statement

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Revenue$530.2M-12.3%

Gross profit$206.2M-1.8%

Operating income$13.6M+5.4%

Net income$30.1M+295%

EPS (diluted)$1.20+290%

Balance sheet

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Cash & equivalents$288.3M-0.5%

Total debt$1.4B-17.5%

Total equity$2.1B+6.3%

Total assets$4.0B-4.1%

Cash flow

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Operating cash flow$38.9M-24.2%

CapEx$11.3M-22.7%

Free cash flow$27.6M-24.8%

Valuation

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Market cap$3.39B-6.3%

Profitability

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Gross margin37.9%+2.8pp

Operating margin2%-0.7pp

Net margin-0.3%-0.2pp

FCF margin4.2%-1.2pp

Returns & leverage

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Return on equity-0.4%-0.2pp

Debt / equity0.6×-0.2×

Current ratio2.3×-0.3×

Where this comes from

Calculated from ICU Medical’s reported figures.

cash and equivalents/total current liabilities=0.6×

Based on the most recent quarter.

The official record: ICU Medical’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is ICU Medical's cash ratio?: ICU Medical (ICUI) reported cash ratio of 0.6× in Q1 2026.
How has ICU Medical's cash ratio changed year-over-year?: ICU Medical's cash ratio increased by 5.5% year-over-year, from 0.5× to 0.6×.
What is the long-term trend for ICU Medical's cash ratio?: Over 5 years (2020 to 2025), ICU Medical's cash ratio has grown at a -21.2% compound annual growth rate (CAGR), from 2× to 0.6×.
What does cash ratio mean?: Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.