Artivion Inc (AORT)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 290,080 | 280,668 | 247,334 | 247,697 | 234,589 |
| Total current liabilities | US$ in thousands | 66,823 | 57,862 | 49,675 | 44,953 | 60,468 |
| Current ratio | 4.34 | 4.85 | 4.98 | 5.51 | 3.88 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $290,080K ÷ $66,823K
= 4.34
The current ratio of Artivion Inc has shown a consistent upward trend over the years based on the data provided. As of December 31, 2020, the current ratio was 3.88, signifying that the company had $3.88 in current assets for every dollar of current liabilities. This ratio improved significantly to 5.51 by December 31, 2021, indicating a stronger liquidity position. Subsequently, the ratio slightly decreased to 4.98 by December 31, 2022, but remained relatively high.
By December 31, 2023, the current ratio further decreased to 4.85, and then to 4.34 by December 31, 2024. Despite the declines in the later years, the current ratios consistently remained above 1, indicating that Artivion Inc has sufficient current assets to cover its current liabilities, which is a positive indicator of the company's liquidity and ability to meet its short-term obligations.
Overall, the trend in Artivion Inc's current ratio suggests that the company has been managing its short-term liquidity well, maintaining a healthy balance between current assets and liabilities over the years.
Peer comparison
Dec 31, 2024