Artivion Inc (AORT)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	280,668	247,334	247,697	234,589	187,390
Total current liabilities	US$ in thousands	57,862	49,675	44,953	60,468	45,195
Current ratio		4.85	4.98	5.51	3.88	4.15

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $280,668K ÷ $57,862K
= 4.85

Artivion Inc's current ratio has fluctuated over the past five years, ranging from 3.88 in 2020 to 5.51 in 2021. The current ratio measures the company's ability to cover its short-term liabilities with its short-term assets. A higher current ratio indicates a stronger ability to meet short-term obligations.

In 2023, the current ratio of Artivion Inc stands at 4.85, showing a slight decrease from the previous year's ratio of 4.98. While the current ratio is still relatively strong, it has experienced a downward trend over the past two years.

It is important to further investigate the reasons behind the fluctuation in the current ratio. A declining current ratio could indicate issues with liquidity management or an increase in short-term liabilities relative to assets. Conversely, an increasing current ratio may suggest improved liquidity or more conservative financial management.

Overall, while Artivion Inc's current ratio remains favorable, monitoring this ratio over time and comparing it to industry benchmarks can provide valuable insights into the company's liquidity position and financial health.